McIlrath & Eck LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 1st quarter, Holdings Channel reports. The fund owned 100,090 shares of the software giant’s stock after selling 971 shares during the period. Microsoft makes up about 5.4% of McIlrath & Eck LLC’s holdings, making the stock its 5th largest holding. McIlrath & Eck LLC’s holdings in Microsoft were worth $9,135,000 at the end of the most recent reporting period.
Other hedge funds have also added to or reduced their stakes in the company. Spectrum Financial Alliance Ltd LLC purchased a new stake in Microsoft during the first quarter worth $147,000. Ballew Advisors Inc purchased a new stake in Microsoft during the first quarter worth $164,000. Lara May & Associates LLC purchased a new stake in Microsoft during the first quarter worth $199,000. AlphaStar Capital Management LLC purchased a new stake in Microsoft during the fourth quarter worth $204,000. Finally, Trilogy Capital Inc. purchased a new stake in Microsoft during the fourth quarter worth $207,000. 71.84% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the completion of the sale, the executive vice president now directly owns 109,687 shares in the company, valued at $11,809,999.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the sale, the executive vice president now owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The disclosure for this sale can be found here. Insiders sold 590,880 shares of company stock valued at $64,833,269 over the last quarter. Company insiders own 1.49% of the company’s stock.
MSFT has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued a “$104.40” rating and set a $115.00 price target on shares of Microsoft in a report on Thursday, July 19th. Credit Suisse Group reissued a “$105.12” rating and set a $115.00 price target on shares of Microsoft in a report on Wednesday, July 18th. Deutsche Bank reissued a “$105.12” rating on shares of Microsoft in a report on Wednesday, July 18th. Argus increased their price target on shares of Microsoft from $116.00 to $128.00 and gave the stock a “$107.97” rating in a report on Monday, July 23rd. Finally, Barclays reissued a “buy” rating and set a $108.00 price target on shares of Microsoft in a report on Thursday, June 14th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $118.11.
Shares of NASDAQ MSFT opened at $108.49 on Thursday. The stock has a market capitalization of $864.92 billion, a PE ratio of 28.95, a price-to-earnings-growth ratio of 2.15 and a beta of 1.26. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. Microsoft Co. has a 52 week low of $72.92 and a 52 week high of $112.78.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. equities research analysts predict that Microsoft Co. will post 4.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date is Wednesday, August 15th. Microsoft’s dividend payout ratio (DPR) is 43.30%.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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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