Princeton Capital Management Inc. reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 81,710 shares of the software giant’s stock after selling 5,012 shares during the quarter. Microsoft Corporation accounts for about 3.5% of Princeton Capital Management Inc.’s investment portfolio, making the stock its 8th largest holding. Princeton Capital Management Inc.’s holdings in Microsoft Corporation were worth $5,632,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its stake in Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Microsoft Corporation by 2.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after purchasing an additional 638,798 shares during the last quarter. Fisher Asset Management LLC lifted its stake in Microsoft Corporation by 1.1% during the first quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock worth $1,228,456,000 after purchasing an additional 199,259 shares during the last quarter. Sanders Capital LLC lifted its stake in Microsoft Corporation by 2.4% during the second quarter. Sanders Capital LLC now owns 12,143,596 shares of the software giant’s stock worth $924,807,000 after purchasing an additional 287,200 shares during the last quarter. Finally, Boston Partners lifted its stake in Microsoft Corporation by 14.1% during the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. Institutional investors own 73.35% of the company’s stock.
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In other news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 96,763 shares of company stock worth $7,240,712. Company insiders own 1.49% of the company’s stock.
Several equities analysts recently issued reports on the company. Zacks Investment Research cut Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Friday. Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 11th. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Barclays PLC restated an “overweight” rating and set a $82.00 price objective (up from $77.00) on shares of Microsoft Corporation in a research note on Friday, July 21st. Finally, Raymond James Financial, Inc. raised their target price on Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $83.64.
Microsoft Corporation (MSFT) opened at $83.87 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $647,022.69, a P/E ratio of 24.81, a price-to-earnings-growth ratio of 1.97 and a beta of 1.01. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results 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 company 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 revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. equities analysts anticipate that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is currently 53.06%.
Microsoft Corporation 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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