Sound Income Strategies LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 24.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,311 shares of the software giant’s stock after purchasing an additional 651 shares during the quarter. Sound Income Strategies LLC’s holdings in Microsoft were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA raised its stake in shares of Microsoft by 274.5% in the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Microsoft in the second quarter worth approximately $26,000. Centaurus Financial Inc. raised its stake in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after purchasing an additional 561 shares during the last quarter. AlphaOne Investment Services LLC purchased a new stake in shares of Microsoft in the second quarter worth approximately $51,000. Finally, Gavea Investimentos Ltda purchased a new stake in shares of Microsoft in the second quarter worth approximately $70,000. 72.16% of the stock is currently owned by institutional investors.
In other Microsoft news, CAO Frank H. Brod sold 4,000 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the completion of the transaction, the chief accounting officer now directly owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 99,837 shares of the stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total value of $13,697,636.40. Following the transaction, the chief executive officer now directly owns 1,124,339 shares of the company’s stock, valued at $154,259,310.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 318,757 shares of company stock valued at $43,735,918. 1.38% of the stock is owned by corporate insiders.
Shares of MSFT stock traded up $2.01 during trading on Wednesday, hitting $137.68. The company’s stock had a trading volume of 2,749,955 shares, compared to its average volume of 24,929,936. The company has a market cap of $1,035.90 billion, a PE ratio of 28.99, a P/E/G ratio of 2.40 and a beta of 1.22. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The business has a fifty day moving average of $137.40 and a 200-day moving average of $131.72. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $142.37.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the company posted $1.13 earnings per share. Microsoft’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts predict that Microsoft Co. will post 5.23 EPS for the current year.
Microsoft declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, September 18th that permits the company to buyback $40.00 billion in shares. This buyback authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.48%. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. Microsoft’s dividend payout ratio is 38.74%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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