MSFT Stock: Microsoft Corporation is Zacks Investment Management’s 2nd Largest Position

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Zacks Investment Management grew its position in Microsoft Corporation (NASDAQ:MSFT) by 1.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,257,001 shares of the software giant’s stock after acquiring an additional 18,438 shares during the quarter. Microsoft comprises 2.1% of Zacks Investment Management’s holdings, making the stock its 2nd largest position. Zacks Investment Management’s holdings in Microsoft were worth $86,645,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. New Capital Management LP boosted its position in shares of Microsoft by 0.5% during the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares during the period. Nottingham Advisors Inc. boosted its position in shares of Microsoft by 0.4% during the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock worth $372,000 after buying an additional 22 shares during the period. American Economic Planning Group Inc. ADV boosted its holdings in Microsoft by 0.5% in the second quarter. American Economic Planning Group Inc. ADV now owns 4,939 shares of the software giant’s stock valued at $340,000 after purchasing an additional 23 shares during the period. Carderock Capital Management Inc. boosted its holdings in Microsoft by 0.7% in the second quarter. Carderock Capital Management Inc. now owns 3,981 shares of the software giant’s stock valued at $274,000 after purchasing an additional 26 shares during the period. Finally, Appropriate Balance Financial Services Inc. boosted its holdings in Microsoft by 4.7% in the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares during the period. 73.33% of the stock is owned by hedge funds and other institutional investors.

MSFT has been the subject of a number of recent analyst reports. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 price target on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $88.00 target price (up previously from $85.00) on shares of Microsoft in a research report on Friday, October 27th. UBS set a $105.00 price target on Microsoft and gave the company a “buy” rating in a research report on Thursday, November 9th. Vetr cut Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price on the stock. in a research report on Monday, December 11th. Finally, KeyCorp reiterated a “buy” rating and set a $94.00 target price on shares of Microsoft in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $85.28.

In related news, 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 in the last 90 days. 1.49% of the stock is owned by insiders.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at $86.85 on Monday. The firm has a market cap of $670,012.13, a P/E ratio of 25.70, a P/E/G ratio of 2.02 and a beta of 0.99. Microsoft Corporation has a 1-year low of $61.95 and a 1-year high of $87.09. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company’s revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business posted $0.76 EPS. equities research analysts predict that Microsoft Corporation 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. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.93%. Microsoft’s dividend payout ratio is currently 57.14%.

Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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