USA Financial Portformulas Corp Invests $12.07 Million in Microsoft Corporation (MSFT)

USA Financial Portformulas Corp acquired a new stake in Microsoft Corporation (NASDAQ:MSFT) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 194,162 shares of the software giant’s stock, valued at approximately $12,065,000. Microsoft Corporation makes up approximately 3.0% of USA Financial Portformulas Corp’s portfolio, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Perigon Wealth Management LLC increased its position in shares of Microsoft Corporation by 18.6% in the fourth quarter. Perigon Wealth Management LLC now owns 52,593 shares of the software giant’s stock valued at $3,399,000 after buying an additional 8,238 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in Microsoft Corporation by 24.2% in the fourth quarter. Jackson Grant Investment Advisers Inc. now owns 18,780 shares of the software giant’s stock valued at $1,167,000 after buying an additional 3,660 shares during the period. RMB Capital Management LLC boosted its stake in Microsoft Corporation by 162.8% in the fourth quarter. RMB Capital Management LLC now owns 51,777 shares of the software giant’s stock valued at $3,217,000 after buying an additional 32,077 shares during the period. Wealthfront Inc. boosted its stake in Microsoft Corporation by 15.8% in the fourth quarter. Wealthfront Inc. now owns 230,160 shares of the software giant’s stock valued at $14,302,000 after buying an additional 31,364 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. purchased a new stake in Microsoft Corporation during the fourth quarter valued at approximately $2,090,000. 72.77% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) traded up 0.14% during mid-day trading on Friday, hitting $70.00. 48,345,085 shares of the stock were exchanged. The firm has a 50-day moving average price of $69.62 and a 200-day moving average price of $65.40. The stock has a market capitalization of $540.44 billion, a P/E ratio of 30.89 and a beta of 0.99. Microsoft Corporation has a 12-month low of $48.03 and a 12-month high of $72.89. Microsoft Corporation also was the target of some unusual options trading on Thursday. Stock traders acquired 11,523 put options on the stock. This represents an increase of approximately 244% compared to the average volume of 3,347 put options.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.69 by $0.04. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The business had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $23.62 billion. During the same quarter in the previous year, the business posted $0.62 EPS. Microsoft Corporation’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts predict that Microsoft Corporation will post $3.03 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.23%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 69.03%.

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Several analysts have recently commented on MSFT shares. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $67.45 target price for the company. in a research note on Wednesday, March 1st. Pacific Crest restated a “buy” rating and issued a $78.00 target price (up previously from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. William Blair reiterated an “outperform” rating on shares of Microsoft Corporation in a research note on Friday, April 28th. Raymond James Financial, Inc. reiterated a “strong-buy” rating on shares of Microsoft Corporation in a research note on Friday, March 17th. Finally, Goldman Sachs Group, Inc. (The) raised their price objective on shares of Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $69.98.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $69.00, for a total value of $1,805,385.00. Following the sale, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the sale, the executive vice president now owns 214,080 shares in the company, valued at approximately $14,718,000. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock worth $831,893,332 in the last 90 days. Company insiders own 2.99% of the company’s stock.

About Microsoft Corporation

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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