Versant Capital Management Inc Has $2.71 Million Holdings in Microsoft Co. (NASDAQ:MSFT)
Versant Capital Management Inc lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,479 shares of the software giant’s stock after selling 2,049 shares during the quarter. Microsoft comprises approximately 1.1% of Versant Capital Management Inc’s portfolio, making the stock its 18th biggest position. Versant Capital Management Inc’s holdings in Microsoft were worth $2,709,000 at the end of the most recent reporting period.
Several other institutional investors also recently added to or reduced their stakes in MSFT. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Microsoft during the first quarter valued at $147,000. Ballew Advisors Inc acquired a new stake in shares of Microsoft during the first quarter valued at $164,000. Lara May & Associates LLC acquired a new stake in shares of Microsoft during the first quarter valued at $199,000. AlphaStar Capital Management LLC acquired a new stake in shares of Microsoft during the fourth quarter valued at $204,000. Finally, Trilogy Capital Inc. acquired a new stake in shares of Microsoft during the fourth quarter valued at $207,000. Institutional investors and hedge funds own 71.80% of the company’s stock.
MSFT has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “$104.40” rating and set a $115.00 price objective on shares of Microsoft in a research note on Thursday, July 19th. Deutsche Bank reissued a “$105.12” rating on shares of Microsoft in a research note on Wednesday, July 18th. Credit Suisse Group reissued a “$105.12” rating and issued a $115.00 price target on shares of Microsoft in a research note on Wednesday, July 18th. Argus raised their price target on Microsoft from $116.00 to $128.00 and gave the stock a “$107.97” rating in a research note on Monday, July 23rd. Finally, KeyCorp restated a “buy” rating and issued a $110.00 price objective on shares of Microsoft in a report on Tuesday, July 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $120.60.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business’s revenue for the quarter was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 EPS. Research analysts anticipate that Microsoft Co. will post 4.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.68%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is presently 43.30%.
In other news, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total value of $5,060,490.00. Following the completion of the sale, the executive vice president now directly owns 109,687 shares in the company, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock worth $71,264,850 in the last ninety days. 1.49% of the stock is owned by company insiders.
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 for businesses, 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.
Further Reading: Intrinsic Value and Stock Selection
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