Microsoft Co. (MSFT) Shares Bought by Bank of Stockton

Bank of Stockton lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 19.8% in the third quarter, HoldingsChannel.com reports. The fund owned 16,054 shares of the software giant’s stock after purchasing an additional 2,658 shares during the quarter. Bank of Stockton’s holdings in Microsoft were worth $1,195,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MSFT. Acrospire Investment Management LLC raised its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the period. Stelac Advisory Services LLC raised its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the period. Pacific Center for Financial Services raised its holdings in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the period. AlphaMark Advisors LLC raised its holdings in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the period. Finally, Mitchell Capital Management Co. acquired a new stake in shares of Microsoft during the third quarter valued at approximately $201,000. 73.07% of the stock is owned by institutional investors.

Shares of Microsoft Co. (MSFT) opened at $90.81 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89. The stock has a market cap of $700,560.00, a price-to-earnings ratio of 61.36, a P/E/G ratio of 2.07 and a beta of 1.06. Microsoft Co. has a 1-year low of $63.62 and a 1-year high of $96.07.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. Microsoft’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. analysts anticipate that Microsoft Co. will post 3.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is currently 113.51%.

In related news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. 1.49% of the stock is currently owned by corporate insiders.

A number of equities research analysts have recently issued reports on MSFT shares. Canaccord Genuity restated a “buy” rating and set a $94.00 price target (up previously from $86.00) on shares of Microsoft in a report on Friday, October 27th. Barclays set a $95.00 price target on shares of Microsoft and gave the company an “overweight” rating in a report on Friday, January 12th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Atlantic Securities set a $83.00 price target on shares of Microsoft and gave the company a “neutral” rating in a report on Friday, October 27th. Finally, UBS Group set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Thursday, November 9th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $99.14.

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About Microsoft

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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