Ancora Inverness LLC boosted its stake in Microsoft Corp. (NASDAQ:MSFT) by 16.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,561 shares of the software giant’s stock after buying an additional 5,283 shares during the period. Ancora Inverness LLC’s holdings in Microsoft Corp. were worth $1,922,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter valued at $107,000. Riggs Asset Managment Co. Inc. increased its position in shares of Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock valued at $122,000 after buying an additional 147 shares during the last quarter. Lowe fs LLC increased its position in shares of Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock valued at $164,000 after buying an additional 44 shares during the last quarter. Northstar Group Inc. increased its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the last quarter. Finally, Wrapmanager Inc. purchased a new position in shares of Microsoft Corp. during the first quarter valued at $205,000. 71.58% of the stock is owned by institutional investors and hedge funds.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.10% during mid-day trading on Friday, reaching $57.80. The company’s stock had a trading volume of 20,089,020 shares. The company has a 50 day moving average of $57.48 and a 200-day moving average of $54.34. The stock has a market cap of $450.41 billion, a PE ratio of 27.52 and a beta of 1.09. Microsoft Corp. has a 52-week low of $46.50 and a 52-week high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The firm earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the previous year, the firm earned $0.60 earnings per share. Equities analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 2.70%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s payout ratio is presently 70.24%.
Several research firms have commented on MSFT. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price target for the company in a report on Tuesday, June 14th. BMO Capital Markets restated a “buy” rating and issued a $57.00 price target on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura restated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price target on Microsoft Corp. and gave the company a “buy” rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. restated a “hold” rating and issued a $50.00 price target on shares of Microsoft Corp. in a report on Monday, July 18th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $59.41.
In other news, CFO Amy Hood sold 120,000 shares of the business’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $57.86, for a total value of $6,943,200.00. Following the sale, the chief financial officer now directly owns 523,425 shares in the company, valued at $30,285,370.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the sale, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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