Navellier & Associates Inc raised its position in Microsoft Corp. (NASDAQ:MSFT) by 3.7% during the second quarter, Holdings Channel reports. The fund owned 124,777 shares of the software giant’s stock after buying an additional 4,495 shares during the period. Navellier & Associates Inc’s holdings in Microsoft Corp. were worth $6,385,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. raised its position in Microsoft Corp. by 0.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 208,079,583 shares of the software giant’s stock worth $11,492,235,000 after buying an additional 1,784,020 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 worth $3,605,281,000 after buying an additional 2,858,044 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Microsoft Corp. by 0.7% in the first quarter. TIAA CREF Investment Management LLC now owns 46,101,471 shares of the software giant’s stock worth $2,546,184,000 after buying an additional 317,949 shares in the last quarter. Swiss National Bank raised its position in Microsoft Corp. by 5.0% in the second quarter. Swiss National Bank now owns 21,130,470 shares of the software giant’s stock worth $1,081,246,000 after buying an additional 998,100 shares in the last quarter. Finally, Fisher Asset Management LLC raised its position in Microsoft Corp. by 0.4% in the second quarter. Fisher Asset Management LLC now owns 18,300,756 shares of the software giant’s stock worth $962,437,000 after buying an additional 80,138 shares in the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.7454% during midday trading on Friday, reaching $57.3443. 11,595,400 shares of the company traded hands. Microsoft Corp. has a one year low of $46.90 and a one year high of $58.70. The stock’s 50 day moving average is $57.42 and its 200 day moving average is $54.43. The company has a market capitalization of $446.86 billion, a price-to-earnings ratio of 27.3068 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the previous year, the business posted $0.60 EPS. On average, equities analysts anticipate that Microsoft Corp. will post $2.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s payout ratio is currently 70.24%.
A number of equities analysts recently commented on MSFT shares. Sanford C. Bernstein set a $68.00 price objective on shares of Microsoft Corp. and gave the stock a “buy” rating in a research note on Friday, July 15th. Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $62.00 target price on shares of Microsoft Corp. in a research report on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research report on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research report on Thursday, July 21st. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $59.55.
In other news, CFO Amy Hood sold 120,000 shares of the company’s stock in a transaction dated Monday, August 8th. The stock was sold at an average price of $57.86, for a total transaction 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 document filed with the SEC, which is available at this link. Also, CEO Satya Nadella sold 143,000 shares of the company’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 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 corporate 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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