Univest Corp of Pennsylvania cut its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 3.0% during the second quarter, Holdings Channel reports. The fund owned 5,652 shares of the software giant’s stock after selling 172 shares during the period. Univest Corp of Pennsylvania’s holdings in Microsoft Corp. were worth $289,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the stock. Invictus RG acquired a new stake in shares of Microsoft Corp. during the first quarter worth about $107,000. Northstar Group Inc. increased its position in 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. Wrapmanager Inc. purchased a new position in Microsoft Corp. during the first quarter valued at approximately $205,000. CLS Investments LLC increased its position in Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock valued at $206,000 after buying an additional 3,206 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its position in Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock valued at $239,000 after buying an additional 179 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.14% during trading on Wednesday, reaching $57.11. The company had a trading volume of 22,177,437 shares. The stock has a 50 day moving average price of $57.48 and a 200-day moving average price of $54.39. Microsoft Corp. has a 52-week low of $46.53 and a 52-week high of $58.70. The company has a market capitalization of $445.03 billion, a PE ratio of 27.20 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period in the previous year, the company earned $0.60 EPS. On average, equities research analysts anticipate that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The company 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 is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.73%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s payout ratio is presently 70.24%.
Several research analysts have commented on MSFT shares. Vetr upgraded Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price objective on the stock in a report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Friday, July 15th. Citigroup Inc. raised their price objective on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, July 7th. Stifel Nicolaus raised their price objective on Microsoft Corp. from $58.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 20th. Finally, Deutsche Bank AG restated a “buy” rating and set a $65.00 price objective on shares of Microsoft Corp. in a report on Saturday, June 25th. Three research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $59.42.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction that occurred on 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 directly owns 1,200,822 shares of the company’s stock, valued at approximately $69,611,651.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction that occurred on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by company insiders.
About Microsoft Corp.
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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