Crumly & Associates Inc. Purchases 1,216 Shares of Microsoft Co. (NASDAQ:MSFT)

Crumly & Associates Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 26.6% during the second quarter, Holdings Channel reports. The fund owned 5,784 shares of the software giant’s stock after acquiring an additional 1,216 shares during the period. Microsoft comprises 0.8% of Crumly & Associates Inc.’s holdings, making the stock its 28th biggest holding. Crumly & Associates Inc.’s holdings in Microsoft were worth $1,567,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. OLD Mission Capital LLC purchased a new stake in Microsoft during the third quarter valued at about $1,254,000. Lehman & Derafelo Financial Resources LLC boosted its position in Microsoft by 0.4% during the first quarter. Lehman & Derafelo Financial Resources LLC now owns 11,800 shares of the software giant’s stock valued at $2,782,000 after buying an additional 43 shares during the period. AMF Pensionsforsakring AB boosted its position in Microsoft by 12.3% during the first quarter. AMF Pensionsforsakring AB now owns 5,647,542 shares of the software giant’s stock valued at $1,331,859,000 after buying an additional 617,269 shares during the period. Manning & Napier Group LLC boosted its position in Microsoft by 21.4% during the first quarter. Manning & Napier Group LLC now owns 1,005,448 shares of the software giant’s stock valued at $237,053,000 after buying an additional 177,330 shares during the period. Finally, Csenge Advisory Group boosted its position in Microsoft by 3.8% during the first quarter. Csenge Advisory Group now owns 32,987 shares of the software giant’s stock valued at $8,440,000 after buying an additional 1,217 shares during the period. 69.17% of the stock is currently owned by institutional investors and hedge funds.

Shares of Microsoft stock opened at $305.22 on Friday. The company’s fifty day simple moving average is $292.15 and its 200-day simple moving average is $264.93. The stock has a market capitalization of $2.29 trillion, a PE ratio of 37.92, a P/E/G ratio of 3.10 and a beta of 0.78. Microsoft Co. has a 1-year low of $196.25 and a 1-year high of $305.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.08 and a quick ratio of 2.05.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.92 by $0.25. The business had revenue of $46.15 billion for the quarter, compared to analysts’ expectations of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The company’s revenue was up 21.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.46 EPS. As a group, research analysts anticipate that Microsoft Co. will post 8.61 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Thursday, November 18th will be paid a dividend of $0.62 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend is Wednesday, November 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s payout ratio is 28.11%.

Several analysts have issued reports on the stock. Cowen upped their price target on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 28th. Royal Bank of Canada reiterated a “buy” rating and set a $360.00 target price on shares of Microsoft in a report on Monday, August 23rd. Bank of America increased their target price on shares of Microsoft from $325.00 to $340.00 and gave the stock a “buy” rating in a report on Wednesday, July 28th. Wolfe Research increased their target price on shares of Microsoft from $290.00 to $315.00 and gave the stock an “outperform” rating in a report on Wednesday, July 28th. Finally, Morgan Stanley increased their target price on shares of Microsoft from $305.00 to $331.00 and gave the stock an “overweight” rating in a report on Tuesday. Two investment analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $322.93.

In other Microsoft news, CFO Amy Hood sold 60,000 shares of Microsoft stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total value of $18,184,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 75,573 shares of Microsoft stock in a transaction on Wednesday, September 1st. The shares were sold at an average price of $303.28, for a total transaction of $22,919,779.44. Following the completion of the sale, the chief executive officer now owns 1,632,350 shares in the company, valued at $495,059,108. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 165,573 shares of company stock worth $50,066,379. 0.05% of the stock is owned by corporate insiders.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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