Microsoft Corporation (MSFT) Holdings Lifted by Solaris Asset Management LLC
Solaris Asset Management LLC raised its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 48,327 shares of the software giant’s stock after purchasing an additional 4,308 shares during the period. Microsoft Corporation accounts for about 2.1% of Solaris Asset Management LLC’s holdings, making the stock its 24th largest holding. Solaris Asset Management LLC’s holdings in Microsoft Corporation were worth $3,331,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Appropriate Balance Financial Services Inc. grew its holdings in shares of Microsoft Corporation by 4.7% during the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after acquiring an additional 29 shares during the period. Hefty Wealth Partners grew its holdings in shares of Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft Corporation during the 1st quarter worth approximately $132,000. Opera Trading Capital grew its holdings in shares of Microsoft Corporation by 1,522.0% during the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after acquiring an additional 2,283 shares during the period. Finally, Brouwer & Janachowski LLC purchased a new position in shares of Microsoft Corporation during the 2nd quarter worth approximately $203,000. 73.14% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on MSFT. Goldman Sachs Group, Inc. (The) set a $92.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Thursday. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday, November 13th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, UBS AG set a $105.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $84.21.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total value of $333,920.00. Following the completion of the transaction, the executive vice president now owns 185,278 shares of the company’s stock, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 104,763 shares of company stock valued at $7,908,472. 1.49% of the stock is currently owned by company insiders.
Microsoft Corporation (NASDAQ MSFT) opened at $82.40 on Monday. The firm has a market capitalization of $635,682.25, a PE ratio of 24.38, a PEG ratio of 1.92 and a beta of 1.01. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 12-month low of $58.80 and a 12-month high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.76 earnings per share. sell-side analysts forecast that Microsoft Corporation will post 3.38 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.04%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.14%.
About Microsoft Corporation
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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