Wipfli Financial Advisors LLC buys shares of 699 Microsoft Co. (NASDAQ:MSFT)

0

Microsoft logoWipfli Financial Advisors LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the fourth quarter, according to the company in its latest 13F filing with the Securities and Exchange Commission (SEC). The company bought 699 shares of the software giant, valued at around $235,000.

Several other large investors also changed their stake in the company. Geode Capital Management LLC increased its stake in Microsoft shares by 2.2% during the third quarter. Geode Capital Management LLC now owns 126,079,812 shares of the software giant worth $35,451,147,000 after purchasing an additional 2,757,667 shares during the period. Morgan Stanley increased its holdings of Microsoft shares by 4.3% during the second quarter. Morgan Stanley now owns 68,123,020 shares of the software giant worth $18,454,527,000 after purchasing an additional 2,783,534 shares during the period. Alliancebernstein LP increased its holdings of Microsoft shares by 0.4% during the third quarter. Alliancebernstein LP now owns 46,913,212 shares of the software giant worth $13,225,773,000 after purchasing an additional 206,880 shares during the period. UBS Asset Management Americas Inc. increased its stake in Microsoft shares by 7.5% during the third quarter. UBS Asset Management Americas Inc. now owns 46,493,373 shares of the software giant worth $13,107,412,000 after purchasing an additional 3,258,613 shares during the period. Finally, Fisher Asset Management LLC increased its holding in Microsoft shares by 2.9% during the third quarter. Fisher Asset Management LLC now owns 25,524,530 shares of the software giant worth $7,195,876,000 after purchasing an additional 711,260 shares during the period. Institutional investors hold 69.41% of the company’s shares.

A number of stock analysts have recently commented on the stock. Jefferies Financial Group set a price target of $400.00 on Microsoft shares in a Monday, January 24 report. Goldman Sachs Group set a target price of $400.00 on Microsoft shares in a Monday, January 24 report. Royal Bank of Canada set a target price of $380.00 on Microsoft shares in a report on Wednesday, January 26. Morgan Stanley raised its price target on Microsoft shares from $364.00 to $372.00 and gave the company an “overweight” rating in a Wednesday, Jan. 26, report. Finally, JPMorgan Chase & Co. set a target price of $320.00 on Microsoft stock in a Wednesday, January 26 report. One equity research analyst gave the stock a hold rating, thirty-four gave the stock a buy rating and one gave the stock a strong buy rating. According to data from MarketBeat.com, Microsoft currently has an average rating of “Buy” and a consensus target price of $355.99.

Separately, director Emma N. Walmsley purchased 1,600 shares of the company in a transaction that took place on Monday, January 31. The shares were acquired at an average price of $311.53 per share, with a total value of $498,448.00. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. Additionally, insider Bradford L. Smith sold 27,860 shares in a trade on Tuesday, February 8. The stock was sold at an average price of $304.64, for a total transaction of $8,487,270.40. The disclosure of this sale can be found here. Company insiders hold 0.05% of the company’s shares.

MSFT opened at $296.97 on Monday. The company has a quick ratio of 2.21, a current ratio of 2.25 and a leverage ratio of 0.30. The stock has a market capitalization of $2.23 trillion, a price/earnings ratio of 31.63, a PEG ratio of 2.56 and a beta of 0.91. Microsoft Co. has a 12-month low of $238.07 and a 12-month high of $349.67. The company’s 50-day moving average price is $297.99 and its two-hundred-day moving average price is $311.33.

Microsoft (NASDAQ:MSFT – Get Rating) last released its results on Tuesday, January 25. The software giant reported earnings per share of $2.48 for the quarter, beating the Zacks consensus estimate of $2.29 by $0.19. The company posted revenue of $51.73 billion for the quarter, versus $50.80 billion expected by analysts. Microsoft had a net margin of 38.50% and a return on equity of 45.73%. The company’s quarterly revenue increased 20.1% year over year. In the same period of the previous year, the company earned earnings per share of $2.03. As a group, sell-side analysts expect Microsoft Co. to post earnings per share of 9.31 for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 9. Investors of record on Thursday, May 19 will receive a dividend of $0.62 per share. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.84%. The ex-dividend date is Wednesday, May 18. Microsoft’s payout rate is currently 26.41%.

Microsoft Company Profile (Get an assessment)

Microsoft Corp. engages in the development and support of software, services, devices and solutions. It operates through the following business segments: productivity and business process, intelligent cloud and more personal computing. The Business Productivity and Processes segment includes devices and platforms, including Office Commercial, Office Consumer, LinkedIn and Dynamics business solutions.

Further reading

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ:MSFT – Get Rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



Get news and reviews for Microsoft Daily – Enter your email address below to receive a concise daily summary of breaking news and analyst ratings for Microsoft and related companies with MarketBeat.com’s free daily email newsletter.

Share.

About Author

Comments are closed.