Wedbush Securities Inc. Has $7.01 Million Stake in Microsoft Co. (MSFT)

Wedbush Securities Inc. reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 94,139 shares of the software giant’s stock after selling 3,572 shares during the quarter. Microsoft makes up about 0.9% of Wedbush Securities Inc.’s portfolio, making the stock its 14th largest position. Wedbush Securities Inc.’s holdings in Microsoft were worth $7,012,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Acrospire Investment Management LLC boosted its stake in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after acquiring an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its stake in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after acquiring an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its stake in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares in the last quarter. Finally, Ruggie Capital Group boosted its stake in Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after acquiring an additional 2,600 shares in the last quarter. 73.18% of the stock is currently owned by institutional investors.

Microsoft Co. (MSFT) opened at $90.00 on Monday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The firm has a market cap of $694,310.00, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. Microsoft Co. has a 1 year low of $62.37 and a 1 year high of $90.79.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share 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 quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter last year, the business earned $0.76 earnings per share. sell-side analysts expect that Microsoft Co. will post 3.39 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 1.87%. Microsoft’s dividend payout ratio is presently 56.76%.

In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were 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 $9,770,516.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $3,759,420 in the last quarter. Company insiders own 1.49% of the company’s stock.

MSFT has been the topic of several research analyst reports. Oppenheimer set a $80.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, September 25th. ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Canaccord Genuity raised shares of Microsoft from a “hold” rating to a “buy” rating and increased their target price for the stock from $76.00 to $86.00 in a research note on Thursday, October 5th. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft in a research note on Thursday, October 12th. Finally, Morningstar reissued a “neutral” rating on shares of Microsoft in a research note on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have given a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $88.32.

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Microsoft Company 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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