Global X Management Co. LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 4.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,126 shares of the software giant’s stock after purchasing an additional 2,655 shares during the quarter. Global X Management Co. LLC’s holdings in Microsoft Corporation were worth $4,007,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of MSFT. Pinnacle Advisory Group Inc. raised its holdings in shares of Microsoft Corporation by 38.6% in the 1st quarter. Pinnacle Advisory Group Inc. now owns 25,208 shares of the software giant’s stock worth $1,660,000 after purchasing an additional 7,018 shares during the period. Guinness Asset Management Ltd raised its holdings in Microsoft Corporation by 9.5% during the 1st quarter. Guinness Asset Management Ltd now owns 149,310 shares of the software giant’s stock valued at $9,834,000 after acquiring an additional 13,000 shares during the period. Waldron LP raised its holdings in Microsoft Corporation by 28.2% during the 1st quarter. Waldron LP now owns 26,197 shares of the software giant’s stock valued at $1,722,000 after acquiring an additional 5,765 shares during the period. Fisher Asset Management LLC raised its holdings in Microsoft Corporation by 1.1% during the 1st quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after acquiring an additional 199,259 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in Microsoft Corporation by 7.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,355,501 shares of the software giant’s stock valued at $89,273,000 after acquiring an additional 95,338 shares during the period. 73.37% of the stock is currently owned by institutional investors.
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In other Microsoft Corporation news, insider Frank H. Brod sold 15,000 shares of the company’s stock in a transaction dated 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 owns 116,205 shares in the company, valued at $9,770,516.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 14th. The stock was sold at an average price of $83.48, for a total transaction of $333,920.00. Following the completion of the sale, the executive vice president now owns 185,278 shares in the company, valued at approximately $15,467,007.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 104,763 shares of company stock valued at $7,908,472. 1.49% of the stock is owned by insiders.
A number of brokerages have issued reports on MSFT. Sanford C. Bernstein reissued a “buy” rating and set a $100.00 target price on shares of Microsoft Corporation in a report on Wednesday. Goldman Sachs Group, Inc. (The) set a $92.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday, November 13th. Zacks Investment Research cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, UBS AG set a $105.00 target price on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have issued a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $84.21.
Microsoft Corporation (NASDAQ MSFT) opened at $82.40 on Friday. Microsoft Corporation has a one year low of $58.80 and a one year high of $86.20. The stock has a market cap of $635,682.19, a PE ratio of 24.38, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the firm earned $0.76 earnings per share. Microsoft Corporation’s revenue was up 11.7% on a year-over-year basis. analysts anticipate that Microsoft Corporation will post 3.38 EPS for the current year.
The business also recently declared 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. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.14%.
Microsoft Corporation 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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