Hikari Power Ltd decreased its stake in Microsoft Corp. (NASDAQ:MSFT) by 54.6% during the second quarter, Holdings Channel reports. The firm owned 91,580 shares of the software giant’s stock after selling 110,320 shares during the period. Hikari Power Ltd’s holdings in Microsoft Corp. were worth $4,686,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of the company. NN Investment Partners Holdings N.V. purchased a new position in Microsoft Corp. during the first quarter valued at approximately $370,367,000. American Century Companies Inc. raised its position in Microsoft Corp. by 32.0% in the second quarter. American Century Companies Inc. now owns 15,976,699 shares of the software giant’s stock valued at $817,528,000 after buying an additional 3,870,851 shares in the last quarter. 1832 Asset Management L.P. raised its position in Microsoft Corp. by 51.3% in the first quarter. 1832 Asset Management L.P. now owns 10,051,624 shares of the software giant’s stock valued at $919,310,000 after buying an additional 3,407,829 shares in the last quarter. BlackRock Group LTD raised its position in Microsoft Corp. by 4.6% in the first quarter. BlackRock Group LTD now owns 65,277,591 shares of the software giant’s stock valued at $3,605,281,000 after buying an additional 2,858,044 shares in the last quarter. Finally, Virginia Retirement System purchased a new position in Microsoft Corp. during the first quarter valued at approximately $129,152,000. 71.58% of the stock is owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 1.38% during trading on Tuesday, reaching $57.24. 8,396,522 shares of the company’s stock were exchanged. Microsoft Corp. has a 1-year low of $46.53 and a 1-year high of $58.70. The company’s 50-day moving average is $57.49 and its 200-day moving average is $54.37. The company has a market capitalization of $446.04 billion, a PE ratio of 27.26 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. Equities research analysts expect that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.69%. Microsoft Corp.’s dividend payout ratio is presently 70.24%.
MSFT has been the subject of several research analyst reports. Goldman Sachs Group Inc. restated a “neutral” rating and set a $56.00 price target on shares of Microsoft Corp. in a research report on Monday, June 13th. Evercore ISI reiterated a “buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $68.00 target price on shares of Microsoft Corp. in a report on Monday, June 13th. Raymond James Financial Inc. reiterated a “strong-buy” rating on shares of Microsoft Corp. in a report on Monday, June 13th. Finally, Jefferies Group set a $40.00 target price on Microsoft Corp. and gave the company a “sell” rating in a report on Tuesday, June 14th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the company. Microsoft Corp. currently has an average rating of “Buy” and an average target price of $59.41.
In other news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 18,000,000 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
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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