Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Hendley & Co. Inc.

Hendley & Co. Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 94,666 shares of the software giant’s stock after buying an additional 2,607 shares during the quarter. Microsoft comprises about 6.4% of Hendley & Co. Inc.’s holdings, making the stock its 2nd largest position. Hendley & Co. Inc.’s holdings in Microsoft were worth $13,161,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. PrairieView Partners LLC purchased a new position in shares of Microsoft in the 3rd quarter worth about $328,000. Summit X LLC boosted its holdings in shares of Microsoft by 1.9% in the 3rd quarter. Summit X LLC now owns 15,505 shares of the software giant’s stock worth $2,156,000 after purchasing an additional 291 shares in the last quarter. Security National Bank boosted its holdings in shares of Microsoft by 0.8% in the 3rd quarter. Security National Bank now owns 52,337 shares of the software giant’s stock worth $7,276,000 after purchasing an additional 400 shares in the last quarter. Wealthfront Advisers LLC boosted its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Wealthfront Advisers LLC now owns 392,375 shares of the software giant’s stock worth $54,552,000 after purchasing an additional 5,546 shares in the last quarter. Finally, SeaCrest Wealth Management LLC boosted its holdings in shares of Microsoft by 7.4% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 82,714 shares of the software giant’s stock worth $11,500,000 after purchasing an additional 5,733 shares in the last quarter. Institutional investors and hedge funds own 72.20% of the company’s stock.

MSFT stock traded up $1.70 on Friday, reaching $145.96. 16,732,100 shares of the company traded hands, compared to its average volume of 25,306,443. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. The company has a market cap of $1,102.06 billion, a P/E ratio of 30.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23. The firm has a fifty day simple moving average of $139.85 and a 200-day simple moving average of $135.04. Microsoft Co. has a one year low of $93.96 and a one year high of $145.99.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. The firm had revenue of $33.06 billion during the quarter, compared to analyst estimates of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. Microsoft’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.14 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 5.35 EPS for the current year.

Microsoft declared that its board has initiated a stock repurchase plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.51 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 dividend on an annualized basis and a yield of 1.40%. Microsoft’s payout ratio is 38.74%.

In related news, CAO Frank H. Brod sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total value of $548,680.00. Following the completion of the transaction, the chief accounting officer now owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Jean Philippe Courtois sold 11,345 shares of the company’s stock in a transaction on Monday, October 28th. The stock was sold at an average price of $145.06, for a total value of $1,645,705.70. Following the transaction, the executive vice president now directly owns 611,855 shares in the company, valued at $88,755,686.30. The disclosure for this sale can be found here. Insiders sold 339,804 shares of company stock valued at $46,790,619 in the last three months. 1.39% of the stock is currently owned by insiders.

A number of equities analysts have recently issued reports on MSFT shares. Sanford C. Bernstein reiterated a “buy” rating and issued a $167.00 price objective on shares of Microsoft in a report on Monday, October 28th. JPMorgan Chase & Co. restated a “buy” rating and set a $169.00 target price on shares of Microsoft in a report on Thursday, October 24th. Citigroup increased their target price on Microsoft from $152.00 to $155.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Nomura set a $161.00 target price on Microsoft and gave the company a “buy” rating in a report on Tuesday, October 15th. Finally, Royal Bank of Canada increased their target price on Microsoft from $160.00 to $163.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $159.45.

Microsoft 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, 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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