MV Capital Management Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.2% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,256 shares of the software giant’s stock after purchasing an additional 930 shares during the period. Microsoft accounts for 0.9% of MV Capital Management Inc.’s holdings, making the stock its 19th biggest holding. MV Capital Management Inc.’s holdings in Microsoft were worth $6,705,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Optas LLC boosted its stake in Microsoft by 2.7% in the fourth quarter. Optas LLC now owns 25,001 shares of the software giant’s stock valued at $5,996,000 after acquiring an additional 651 shares in the last quarter. Spinnaker Investment Group LLC boosted its stake in Microsoft by 2.6% in the first quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock valued at $3,445,000 after acquiring an additional 305 shares in the last quarter. West Branch Capital LLC boosted its stake in Microsoft by 0.5% in the fourth quarter. West Branch Capital LLC now owns 44,418 shares of the software giant’s stock valued at $10,652,000 after acquiring an additional 227 shares in the last quarter. Quilter Plc boosted its stake in Microsoft by 1.4% in the fourth quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock valued at $202,480,000 after acquiring an additional 11,563 shares in the last quarter. Finally, SeaTown Holdings Pte. Ltd. boosted its stake in Microsoft by 3.1% in the fourth quarter. SeaTown Holdings Pte. Ltd. now owns 200,299 shares of the software giant’s stock valued at $48,036,000 after acquiring an additional 6,000 shares in the last quarter. 72.20% of the stock is currently owned by institutional investors.
Insider Activity
In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the sale, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the sale, the chief marketing officer now directly owns 105,206 shares of the company’s stock, valued at approximately $32,477,092.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Teri List sold 1,250 shares of the company’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the sale, the director now directly owns 874 shares in the company, valued at $292,588.98. The disclosure for this sale can be found here. In the last three months, insiders have sold 21,331 shares of company stock valued at $6,684,578. Company insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Microsoft Price Performance
Shares of MSFT stock opened at $336.34 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The firm’s 50-day moving average is $336.87 and its two-hundred day moving average is $296.71. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78. The company has a market capitalization of $2.50 trillion, a PE ratio of 34.71, a price-to-earnings-growth ratio of 2.50 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The company had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.23 earnings per share. Analysts predict that Microsoft Co. will post 10.85 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is 28.07%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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