IBM Retirement Fund boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 71.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 183,651 shares of the software giant’s stock after purchasing an additional 76,367 shares during the period. Microsoft Corporation accounts for about 2.6% of IBM Retirement Fund’s portfolio, making the stock its 3rd biggest holding. IBM Retirement Fund’s holdings in Microsoft Corporation were worth $14,146,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Hefty Wealth Partners grew its position in shares of Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the last quarter. Asset Planning Services Ltd. grew its position in shares of Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares during the last quarter. Ullmann Financial Group Inc. bought a new stake in shares of Microsoft Corporation in the 1st quarter valued at about $132,000. Opera Trading Capital grew its position in shares of Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the last quarter. Finally, Baystate Wealth Management LLC grew its position in shares of Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after buying an additional 374 shares during the last quarter. 73.35% of the stock is owned by institutional investors and hedge funds.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders sold 96,763 shares of company stock worth $7,240,712 over the last three months. 1.49% of the stock is owned by insiders.
Microsoft Corporation (NASDAQ MSFT) traded down $0.22 on Friday, hitting $83.87. The stock had a trading volume of 19,397,700 shares, compared to its average volume of 22,495,926. The stock has a market capitalization of $648,719.88, a P/E ratio of 24.88, a P/E/G ratio of 1.97 and a beta of 1.01. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 earnings per share. analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
A number of research firms have commented on MSFT. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Friday. UBS AG set a $105.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Thursday. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday. Deutsche Bank AG restated a “buy” rating and set a $100.00 target price on shares of Microsoft Corporation in a research report on Friday, November 3rd. Finally, Oppenheimer Holdings, Inc. upped their target price on Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research report on Tuesday, October 31st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $83.64.
WARNING: This piece of content was originally published by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/11/11/ibm-retirement-fund-buys-76367-shares-of-microsoft-corporation-msft.html.
About Microsoft Corporation
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.
Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.