Strategic Asset Management LLC Buys New Stake in Microsoft Co. (NASDAQ:MSFT)

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Strategic Asset Management LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) during the third quarter, HoldingsChannel.com reports. The fund bought 570 shares of the software giant’s stock, valued at approximately $168,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Syverson Strege & Co bought a new stake in Microsoft in the third quarter valued at about $72,000. Yale University acquired a new position in Microsoft in the second quarter valued at about $110,000. Advanced Research Investment Solutions LLC boosted its position in 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 buying an additional 576 shares in the last quarter. Lake Point Wealth Management boosted its position in 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 buying an additional 69 shares in the last quarter. Finally, Alpine Global Management LLC acquired a new position in Microsoft in the second quarter valued at about $204,000. 69.05% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have commented on the stock. Wedbush boosted their price target on shares of Microsoft from $350.00 to $375.00 and gave the company an “outperform” rating in a research report on Wednesday, October 20th. Credit Suisse Group assumed coverage on shares of Microsoft in a research report on Tuesday, November 16th. They issued an “outperform” rating and a $400.00 price target on the stock. Mizuho boosted their price target on shares of Microsoft from $350.00 to $360.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. Fundamental Research upped their target price on shares of Microsoft from $281.78 to $299.93 and gave the stock a “hold” rating in a research report on Monday, November 22nd. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $349.00 target price on shares of Microsoft in a research report on Friday, September 17th. One equities 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 company. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of $350.34.

Shares of MSFT stock opened at $314.04 on Friday. The firm has a fifty day moving average of $333.47 and a 200-day moving average of $305.92. The company has a quick ratio of 2.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.33. Microsoft Co. has a 12-month low of $212.03 and a 12-month high of $349.67. The company has a market capitalization of $2.36 trillion, a price-to-earnings ratio of 35.13, a P/E/G ratio of 3.06 and a beta of 0.86.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.19. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The company had revenue of $45.32 billion during the quarter, compared to the consensus estimate of $44 billion. During the same quarter in the prior year, the firm earned $1.82 earnings per share. The firm’s revenue was up 22.0% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 9.13 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 17th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a dividend yield of 0.79%. The ex-dividend date of this dividend is Wednesday, February 16th. Microsoft’s dividend payout ratio is 27.74%.

Microsoft announced that its Board of Directors has approved a share repurchase plan on Tuesday, September 14th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 2.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

In related news, insider Bradford L. Smith sold 55,000 shares of the firm’s stock in a transaction 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Teri List sold 1,650 shares of the firm’s stock in a transaction on Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total transaction of $552,585.00. The disclosure for this sale can be found here. Insiders have sold 530,699 shares of company stock valued at $181,312,457 in the last three months. 0.05% of the stock is owned by insiders.

Microsoft 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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