Ovata Capital Management Ltd acquired a new position in Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 6,700 shares of the software giant’s stock, valued at approximately $1,057,000. Microsoft accounts for approximately 0.8% of Ovata Capital Management Ltd’s investment portfolio, making the stock its 19th biggest holding.
A number of other hedge funds also recently bought and sold shares of MSFT. Benjamin Edwards Inc. lifted its holdings in Microsoft by 77.3% in the fourth quarter. Benjamin Edwards Inc. now owns 195 shares of the software giant’s stock worth $31,000 after purchasing an additional 85 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in Microsoft in the 4th quarter valued at about $37,000. Vaughan AND Company Securities Inc. acquired a new stake in Microsoft in the 4th quarter valued at about $67,000. John W. Brooker & Co. CPAs acquired a new stake in Microsoft in the 4th quarter valued at about $74,000. Finally, Ogorek Anthony Joseph NY ADV lifted its holdings in Microsoft by 69.1% in the 4th quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock valued at $83,000 after acquiring an additional 217 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have weighed in on MSFT shares. Oppenheimer raised shares of Microsoft to a “buy” rating in a report on Monday, March 2nd. Piper Sandler upped their target price on Microsoft from $190.00 to $199.00 and gave the company an “overweight” rating in a report on Thursday, January 30th. Nomura increased their price objective on Microsoft from $161.00 to $195.00 and gave the stock a “buy” rating in a report on Friday, January 31st. Citigroup restated a “hold” rating and issued a $174.00 price objective on shares of Microsoft in a report on Thursday, February 27th. Finally, Tigress Financial restated a “buy” rating on shares of Microsoft in a report on Monday, December 23rd. Two research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $185.13.
In other news, EVP Jean Philippe Courtois sold 18,000 shares of the stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the sale, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at $104,589,670.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.39% of the stock is currently owned by corporate insiders.
MSFT stock traded down $1.42 during midday trading on Wednesday, hitting $146.92. 75,541,516 shares of the company traded hands, compared to its average volume of 48,221,152. Microsoft Co. has a twelve month low of $115.52 and a twelve month high of $190.70. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64. The business has a 50 day simple moving average of $167.14 and a 200-day simple moving average of $153.81. The stock has a market capitalization of $1,166.24 billion, a price-to-earnings ratio of 25.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 EPS for the quarter, beating the consensus estimate of $1.32 by $0.19. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The company had revenue of $36.91 billion for the quarter, compared to the consensus estimate of $35.68 billion. During the same quarter last year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 5.61 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $2.04 annualized dividend and a dividend yield of 1.39%. Microsoft’s dividend payout ratio is 42.95%.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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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