BerganKDV Wealth Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 278.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 22,139 shares of the software giant’s stock after acquiring an additional 16,295 shares during the quarter. BerganKDV Wealth Management LLC’s holdings in Microsoft were worth $1,649,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. Beaumont Financial Partners LLC raised its position in shares of Microsoft by 71.4% in the first quarter. Beaumont Financial Partners LLC now owns 11,069 shares of the software giant’s stock valued at $729,000 after purchasing an additional 4,610 shares during the period. Verity & Verity LLC raised its position in shares of Microsoft by 3.9% in the first quarter. Verity & Verity LLC now owns 131,784 shares of the software giant’s stock valued at $8,680,000 after purchasing an additional 5,000 shares during the period. Bank of Stockton raised its position in shares of Microsoft by 12.6% in the first quarter. Bank of Stockton now owns 13,360 shares of the software giant’s stock valued at $879,000 after purchasing an additional 1,500 shares during the period. Schaper Benz & Wise Investment Counsel Inc. WI raised its position in shares of Microsoft by 5.4% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock valued at $3,391,000 after purchasing an additional 2,623 shares during the period. Finally, Seminole Management Co. Inc. raised its position in shares of Microsoft by 291.9% in the first quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock valued at $17,654,000 after purchasing an additional 199,656 shares during the period. 73.15% of the stock is currently owned by hedge funds and other institutional investors.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 in the last quarter. Corporate insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 26.80% and a return on equity of 29.74%. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same quarter in the previous year, the company earned $0.76 earnings per share. The business’s revenue was up 11.7% compared to the same quarter last year. equities analysts forecast that Microsoft Co. will post 3.38 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.96%. Microsoft’s dividend payout ratio is currently 56.76%.
MSFT has been the topic of a number of recent analyst reports. Piper Jaffray Companies reissued a “buy” rating and issued a $90.00 price target on shares of Microsoft in a research report on Sunday, August 27th. BMO Capital Markets reissued a “buy” rating and issued a $86.00 price target on shares of Microsoft in a research report on Friday, August 25th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. KeyCorp reissued a “buy” rating and issued a $82.00 price target on shares of Microsoft in a research report on Sunday, September 10th. Finally, Royal Bank of Canada reissued a “buy” rating on shares of Microsoft in a research report on Friday, September 8th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $85.82.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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