WoodTrust Financial Corp lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 55,250 shares of the software giant’s stock after acquiring an additional 2,292 shares during the quarter. Microsoft accounts for 3.7% of WoodTrust Financial Corp’s portfolio, making the stock its 7th largest holding. WoodTrust Financial Corp’s holdings in Microsoft were worth $15,576,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Syverson Strege & Co purchased a new stake in shares of Microsoft in the third quarter valued at $72,000. Yale University purchased a new stake in shares of Microsoft in the second quarter valued at $110,000. Strategic Asset Management LLC purchased a new stake in shares of Microsoft in the third quarter valued at $168,000. Advanced Research Investment Solutions LLC lifted its holdings in shares of Microsoft by 914.3% in the third quarter. Advanced Research Investment Solutions LLC now owns 639 shares of the software giant’s stock valued at $180,000 after purchasing an additional 576 shares in the last quarter. Finally, Lake Point Wealth Management lifted its holdings in shares of Microsoft by 11.6% in the third quarter. Lake Point Wealth Management now owns 666 shares of the software giant’s stock valued at $188,000 after purchasing an additional 69 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.
In other news, insider Bradford L. Smith sold 55,000 shares of Microsoft stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $328.60, for a total value of $18,073,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 419,292 shares of Microsoft stock in a transaction that occurred on Monday, November 22nd. The shares were sold at an average price of $344.61, for a total transaction of $144,492,216.12. The disclosure for this sale can be found here. Insiders have sold 530,699 shares of company stock worth $181,312,457 over the last ninety days. Company insiders own 0.05% of the company’s stock.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 return on equity of 45.80% and a net margin of 38.51%. The company’s quarterly revenue was up 22.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.82 earnings per share. On average, analysts predict that Microsoft Co. will post 9.13 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be issued a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, February 16th. Microsoft’s payout ratio is 27.74%.
MSFT has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Microsoft from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. Wedbush increased their price objective on Microsoft from $350.00 to $375.00 and gave the stock an “outperform” rating in a report on Wednesday, October 20th. Evercore ISI increased their price objective on Microsoft from $325.00 to $370.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Royal Bank of Canada increased their price objective on Microsoft from $360.00 to $380.00 and gave the stock an “outperform” rating in a report on Wednesday, October 27th. Finally, Citigroup increased their price objective on Microsoft from $384.00 to $407.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. One research analyst has rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price of $351.34.
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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