Microsoft Co. (NASDAQ:MSFT) is Clinton Group Inc.’s 7th Largest Position

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Clinton Group Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 283.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 53,503 shares of the software giant’s stock after buying an additional 39,538 shares during the quarter. Microsoft makes up about 2.2% of Clinton Group Inc.’s investment portfolio, making the stock its 7th largest holding. Clinton Group Inc.’s holdings in Microsoft were worth $6,119,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Peak Capital Management LLC bought a new position in Microsoft in the 2nd quarter worth approximately $107,000. WP Advisors LLC bought a new stake in Microsoft in the second quarter valued at $131,000. Live Your Vision LLC grew its position in Microsoft by 58.7% in the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after acquiring an additional 509 shares during the period. LFA Lugano Financial Advisors SA bought a new stake in Microsoft in the second quarter valued at $139,000. Finally, CX Institutional bought a new stake in Microsoft in the second quarter valued at $145,000. Institutional investors and hedge funds own 71.67% of the company’s stock.

In other news, insider Frank H. Brod sold 2,000 shares of the business’s stock in a transaction dated Monday, November 5th. The stock was sold at an average price of $107.18, for a total value of $214,360.00. Following the transaction, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $6,931,973.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total value of $2,154,000.00. Following the transaction, the insider now directly owns 66,676 shares in the company, valued at $7,181,005.20. The disclosure for this sale can be found here. Insiders have sold a total of 279,918 shares of company stock worth $30,102,412 in the last 90 days. 1.38% of the stock is currently owned by corporate insiders.

A number of analysts have weighed in on the company. Wells Fargo & Co reiterated a “buy” rating and issued a $130.00 price target on shares of Microsoft in a research report on Thursday, September 27th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday, December 10th. Oppenheimer reiterated a “buy” rating and issued a $127.00 price target on shares of Microsoft in a research report on Monday, October 29th. reissued a “buy” rating and issued a $127.00 price objective on shares of Microsoft in a research note on Tuesday, October 23rd. Finally, Barclays reissued a “buy” rating and issued a $121.00 price objective on shares of Microsoft in a research note on Thursday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $121.88.

Microsoft stock opened at $101.93 on Friday. Microsoft Co. has a one year low of $83.83 and a one year high of $116.18. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. The firm has a market cap of $782.07 billion, a price-to-earnings ratio of 26.27, a P/E/G ratio of 1.84 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.96 by $0.18. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm had revenue of $29.08 billion for the quarter, compared to analyst estimates of $27.92 billion. During the same quarter last year, the company earned $0.84 EPS. The company’s revenue was up 18.5% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 21st will be paid a $0.46 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 annualized dividend and a dividend yield of 1.81%. Microsoft’s payout ratio is 47.42%.

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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: How is Preferred Stock Different from Common Stock?

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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