Microsoft Corporation (NASDAQ:MSFT) Stake Lifted by Global X Management Co. LLC

Global X Management Co. LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.8% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 58,126 shares of the software giant’s stock after buying an additional 2,655 shares during the quarter. Global X Management Co. LLC’s holdings in Microsoft were worth $4,007,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Investec Asset Management LTD raised its holdings in Microsoft by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares in the last quarter. State Street Corp boosted its position in Microsoft by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after buying an additional 2,552,473 shares during the last quarter. Harbour Capital Advisors LLC boosted its position in Microsoft by 6,647.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after buying an additional 2,017,899 shares during the last quarter. Steadfast Capital Management LP boosted its position in Microsoft by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after buying an additional 1,548,108 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Microsoft in the 1st quarter worth approximately $99,933,000. 73.33% of the stock is owned by institutional investors.

In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares in the company, valued at $15,797,141.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 15,000 shares of Microsoft stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the completion of the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,000 shares of company stock valued at $2,262,720. 1.49% of the stock is currently owned by insiders.

A number of brokerages have recently issued reports on MSFT. Piper Jaffray Companies reiterated a “buy” rating and set a $100.00 target price on shares of Microsoft in a research report on Monday, November 27th. Sanford C. Bernstein reissued a “buy” rating and issued a $100.00 price objective on shares of Microsoft in a research note on Wednesday, November 15th. Goldman Sachs Group set a $92.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Thursday, November 16th. Vetr raised Microsoft from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research note on Monday, November 13th. Finally, Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $84.48.

Shares of Microsoft Corporation (NASDAQ:MSFT) traded down $3.18 during trading hours on Monday, reaching $81.08. The company’s stock had a trading volume of 39,089,175 shares, compared to its average volume of 22,464,863. The firm has a market capitalization of $628,700.00, a price-to-earnings ratio of 24.93, a PEG ratio of 1.96 and a beta of 0.99. Microsoft Corporation has a 12 month low of $59.56 and a 12 month high of $86.20. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s quarterly revenue was up 11.7% on a year-over-year basis. research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 56.76%.

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About Microsoft

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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