Clark Asset Management LLC Grows Holdings in Microsoft Corporation $MSFT

Clark Asset Management LLC grew its stake in Microsoft Corporation (NASDAQ:MSFTFree Report) by 12.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 22,139 shares of the software giant’s stock after acquiring an additional 2,423 shares during the period. Microsoft accounts for about 1.1% of Clark Asset Management LLC’s investment portfolio, making the stock its 21st biggest position. Clark Asset Management LLC’s holdings in Microsoft were worth $10,707,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. BLVD Private Wealth LLC raised its stake in shares of Microsoft by 0.6% in the 3rd quarter. BLVD Private Wealth LLC now owns 3,169 shares of the software giant’s stock valued at $1,641,000 after acquiring an additional 19 shares during the period. Magnolia Capital Management Ltd. increased its stake in Microsoft by 0.3% during the 3rd quarter. Magnolia Capital Management Ltd. now owns 6,509 shares of the software giant’s stock worth $3,371,000 after buying an additional 20 shares during the period. ARK & TLK Investments LLC increased its stake in Microsoft by 1.0% during the 3rd quarter. ARK & TLK Investments LLC now owns 1,935 shares of the software giant’s stock worth $1,002,000 after buying an additional 20 shares during the period. Rochester Wealth Strategies LLC increased its stake in Microsoft by 2.9% during the 3rd quarter. Rochester Wealth Strategies LLC now owns 700 shares of the software giant’s stock worth $363,000 after buying an additional 20 shares during the period. Finally, Longfellow Investment Management Co. LLC increased its stake in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after buying an additional 20 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling

In related news, Director John W. Stanton bought 5,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was acquired at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the acquisition, the director owned 83,905 shares in the company, valued at approximately $33,339,651.75. This represents a 6.34% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 12,321 shares of the company’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $409.52, for a total transaction of $5,045,695.92. Following the completion of the transaction, the executive vice president owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. The trade was a 8.20% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.2%

Shares of NASDAQ:MSFT opened at $407.77 on Wednesday. Microsoft Corporation has a 52 week low of $356.28 and a 52 week high of $555.45. The company’s 50 day moving average is $397.60 and its two-hundred day moving average is $443.14. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of 0.08. The company has a market cap of $3.03 trillion, a PE ratio of 24.27, a P/E/G ratio of 1.49 and a beta of 1.10.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The software giant reported $4.27 EPS for the quarter, beating analysts’ consensus estimates of $4.06 by $0.21. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The company had revenue of $82.89 billion for the quarter, compared to the consensus estimate of $81.44 billion. During the same period in the prior year, the firm posted $3.46 EPS. The company’s quarterly revenue was up 18.3% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post 16.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.91 dividend. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.9%. Microsoft’s dividend payout ratio is currently 21.67%.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSFT. Citigroup upped their target price on shares of Microsoft from $600.00 to $620.00 and gave the stock a “buy” rating in a research note on Thursday, April 30th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft in a research note on Monday, April 27th. TD Cowen raised shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Rothschild & Co Redburn cut their target price on shares of Microsoft from $450.00 to $400.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Finally, Raymond James Financial downgraded shares of Microsoft from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-eight have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $562.69.

View Our Latest Analysis on MSFT

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Featured Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.