Glenview State Bank Trust DEPT. Has $8.41 Million Stake in Microsoft Co. (MSFT)
Glenview State Bank Trust DEPT. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 112,880 shares of the software giant’s stock after buying an additional 2,300 shares during the period. Microsoft makes up 4.1% of Glenview State Bank Trust DEPT.’s holdings, making the stock its 5th largest holding. Glenview State Bank Trust DEPT.’s holdings in Microsoft were worth $8,408,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC raised its position in shares of Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Hefty Wealth Partners raised its position in shares of Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Stelac Advisory Services LLC raised its position in shares of Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares in the last quarter. Pacific Center for Financial Services raised its position in shares of Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after buying an additional 75 shares in the last quarter. Finally, AlphaMark Advisors LLC raised its position in shares of Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after buying an additional 30 shares in the last quarter. Institutional investors own 73.16% of the company’s stock.
In related news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,000 shares of company stock worth $3,759,420. 1.49% of the stock is owned by company insiders.
MSFT has been the topic of a number of recent analyst reports. Morningstar reissued a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Evercore ISI lifted their price objective on shares of Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a research note on Friday, December 8th. UBS Group set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Thursday, November 9th. Royal Bank of Canada reissued an “outperform” rating and issued a $88.00 price objective (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. Finally, Jefferies Group set a $57.00 price objective on shares of Microsoft and gave the company a “sell” rating in a research note on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $86.30.
Microsoft Co. (NASDAQ MSFT) opened at $87.82 on Thursday. The stock has a market cap of $677,500.00, a price-to-earnings ratio of 29.67, a P/E/G ratio of 2.06 and a beta of 0.99. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. Microsoft Co. has a fifty-two week low of $61.95 and a fifty-two week high of $88.73.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. Microsoft’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. equities analysts expect that Microsoft Co. will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 1.91%. Microsoft’s payout ratio is 56.76%.
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Microsoft Company Profile
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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