FinTrust Investment Advisory Services LLC Acquires Shares of 12,694 Microsoft Co. (MSFT)

FinTrust Investment Advisory Services LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 12,694 shares of the software giant’s stock, valued at approximately $946,000. Microsoft makes up about 0.9% of FinTrust Investment Advisory Services LLC’s holdings, making the stock its 18th largest holding.

Several other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. Appropriate Balance Financial Services Inc. increased its stake in Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares during the period. Acrospire Investment Management LLC increased its stake in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners increased its stake in Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Stelac Advisory Services LLC increased its stake in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Finally, Pacific Center for Financial Services increased its stake in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. 73.16% of the stock is currently owned by institutional investors.

MSFT has been the topic of a number of analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 price target (up from $86.00) on shares of Microsoft in a research note on Friday, October 27th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Atlantic Securities set a $83.00 price objective on Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS Group set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays reiterated an “overweight” rating and issued a $89.00 price objective (up from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and thirty-two have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $85.90.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now owns 189,278 shares in the company, valued at $15,797,141.88. The sale was disclosed in a document filed 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 shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $3,759,420 in the last quarter. 1.49% of the stock is owned by company insiders.

Shares of Microsoft Co. (MSFT) opened at $88.28 on Tuesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Co. has a 1 year low of $61.95 and a 1 year high of $88.58. The firm has a market capitalization of $681,040.00, a P/E ratio of 29.82, a P/E/G ratio of 2.06 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.76 earnings per share. research analysts predict that Microsoft Co. will post 3.38 EPS for the current fiscal year.

The business also recently disclosed 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. This represents a $1.68 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.

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Microsoft Company Profile

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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