Columbus Circle Investors lowered its position in Microsoft Corp. (NASDAQ:MSFT) by 12.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,808,816 shares of the software giant’s stock after selling 382,745 shares during the period. Microsoft Corp. accounts for 1.4% of Columbus Circle Investors’ holdings, making the stock its 15th largest position. Columbus Circle Investors’ holdings in Microsoft Corp. were worth $143,727,000 as of its most recent filing with the SEC.
A number of other hedge funds have also modified their holdings of the company. Euclid Advisors LLC boosted its position in shares of Microsoft Corp. by 24.6% in the first quarter. Euclid Advisors LLC now owns 672,938 shares of the software giant’s stock valued at $37,166,000 after buying an additional 132,695 shares during the period. First Manhattan Co. boosted its position in shares of Microsoft Corp. by 1.4% in the second quarter. First Manhattan Co. now owns 7,974,066 shares of the software giant’s stock valued at $408,033,000 after buying an additional 108,933 shares during the period. Roffman Miller Associates Inc. PA boosted its position in shares of Microsoft Corp. by 5.8% in the second quarter. Roffman Miller Associates Inc. PA now owns 390,571 shares of the software giant’s stock valued at $19,986,000 after buying an additional 21,496 shares during the period. Mckinley Capital Management LLC Delaware boosted its position in shares of Microsoft Corp. by 24.9% in the first quarter. Mckinley Capital Management LLC Delaware now owns 914,066 shares of the software giant’s stock valued at $50,484,000 after buying an additional 182,140 shares during the period. Finally, BlackRock Japan Co. Ltd boosted its position in shares of Microsoft Corp. by 4.7% in the first quarter. BlackRock Japan Co. Ltd now owns 10,180,441 shares of the software giant’s stock valued at $562,266,000 after buying an additional 457,908 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.35% during midday trading on Friday, reaching $57.60. The company’s stock had a trading volume of 29,815,134 shares. Microsoft Corp. has a one year low of $43.92 and a one year high of $58.70. The stock’s 50 day moving average price is $57.52 and its 200-day moving average price is $54.18. The stock has a market cap of $448.85 billion, a price-to-earnings ratio of 27.43 and a beta of 1.08.
Microsoft Corp. (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. The company had revenue of $22.60 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same period last year, the firm posted $0.60 EPS. On average, analysts forecast that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.39 per share. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a yield of 2.71%. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
MSFT has been the subject of several recent research reports. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price target for the company in a research report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 price target on Microsoft Corp. and gave the company a “neutral” rating in a research report on Wednesday, June 29th. Jefferies Group set a $40.00 target price on Microsoft Corp. and gave the stock a “sell” rating in a research report on Tuesday. Citigroup Inc. boosted their target price on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a research report on Thursday, July 7th. Finally, Macquarie restated a “neutral” rating and set a $54.00 target price on shares of Microsoft Corp. in a research report on Friday, September 23rd. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $59.34.
In other news, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction dated Wednesday, August 10th. The shares were sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the sale, the chief executive officer now directly owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. Company insiders own 3.76% of the company’s stock.
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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