Veracity Capital LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 14,051 shares of the software giant’s stock after acquiring an additional 228 shares during the quarter. Microsoft comprises about 1.7% of Veracity Capital LLC’s holdings, making the stock its 11th largest position. Veracity Capital LLC’s holdings in Microsoft were worth $3,961,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MSFT. Danda Trouve Investment Management Inc. lifted its position in shares of Microsoft by 63.8% in the 2nd quarter. Danda Trouve Investment Management Inc. now owns 131 shares of the software giant’s stock worth $35,000 after purchasing an additional 51 shares during the period. Litman Gregory Asset Management LLC lifted its position in shares of Microsoft by 2,000.0% in the 2nd quarter. Litman Gregory Asset Management LLC now owns 924 shares of the software giant’s stock worth $92,000 after purchasing an additional 880 shares during the period. Paradigm Strategies in Wealth Management LLC lifted its position in shares of Microsoft by 24.7% in the 2nd quarter. Paradigm Strategies in Wealth Management LLC now owns 353 shares of the software giant’s stock worth $96,000 after purchasing an additional 70 shares during the period. Strategic Point Investment Advisors LLC acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $109,000. Finally, Yale University acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $110,000. Institutional investors and hedge funds own 69.05% of the company’s stock.
In other Microsoft news, CEO Satya Nadella sold 419,292 shares of the company’s stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $344.61, for a total transaction of $144,492,216.12. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Amy Hood sold 60,000 shares of the company’s stock in a transaction dated Wednesday, September 1st. The shares were sold at an average price of $303.08, for a total transaction of $18,184,800.00. The disclosure for this sale can be found here. Insiders sold a total of 694,622 shares of company stock worth $230,826,252 over the last three months. 0.05% of the stock is owned by insiders.
MSFT opened at $337.91 on Thursday. The firm’s fifty day moving average price is $313.32 and its two-hundred day moving average price is $288.66. The company has a debt-to-equity ratio of 0.33, a current ratio of 2.16 and a quick ratio of 2.12. The company has a market capitalization of $2.54 trillion, a price-to-earnings ratio of 37.80, a P/E/G ratio of 3.11 and a beta of 0.86. Microsoft Co. has a 1 year low of $209.11 and a 1 year high of $349.67.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.19. The company had revenue of $45.32 billion for the quarter, compared to the consensus estimate of $44 billion. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The firm’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.82 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 9.16 EPS for the current year.
Microsoft announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 14th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 9th. Investors of record on Thursday, November 18th will be issued a $0.62 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, November 17th. Microsoft’s payout ratio is 27.74%.
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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