ProVise Management Group LLC boosted its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 19.9% during the second quarter, Holdings Channel reports. The firm owned 33,775 shares of the software giant’s stock after buying an additional 5,601 shares during the period. ProVise Management Group LLC’s holdings in Microsoft Corp. were worth $1,729,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Daiwa SB Investments Ltd. increased its stake in Microsoft Corp. by 6.0% in the first quarter. Daiwa SB Investments Ltd. now owns 198,640 shares of the software giant’s stock valued at $10,971,000 after buying an additional 11,217 shares during the last quarter. Integrated Investment Consultants LLC increased its stake in Microsoft Corp. by 2.7% in the first quarter. Integrated Investment Consultants LLC now owns 15,252 shares of the software giant’s stock valued at $830,000 after buying an additional 400 shares during the last quarter. Exchange Capital Management Inc. increased its stake in Microsoft Corp. by 67.3% in the first quarter. Exchange Capital Management Inc. now owns 8,002 shares of the software giant’s stock valued at $442,000 after buying an additional 3,219 shares during the last quarter. Franklin Street Advisors Inc. NC increased its stake in Microsoft Corp. by 11.7% in the first quarter. Franklin Street Advisors Inc. NC now owns 186,396 shares of the software giant’s stock valued at $10,295,000 after buying an additional 19,539 shares during the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in Microsoft Corp. by 5.6% in the first quarter. Capital Asset Advisory Services LLC now owns 4,928 shares of the software giant’s stock valued at $272,000 after buying an additional 262 shares during the last quarter. 71.58% of the stock is owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.38% on Monday, hitting $57.38. The company’s stock had a trading volume of 13,406,389 shares. The firm has a 50 day moving average of $57.50 and a 200-day moving average of $54.21. Microsoft Corp. has a 12 month low of $45.70 and a 12 month high of $58.70. The stock has a market cap of $447.13 billion, a PE ratio of 27.32 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same quarter in the prior year, the company earned $0.60 earnings per share. On average, analysts expect that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.71%. Microsoft Corp.’s dividend payout ratio is 70.24%.
MSFT has been the subject of a number of research analyst reports. Vetr raised shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 price target for the company in a report on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 price target on shares of Microsoft Corp. and gave the company a “neutral” rating in a report on Wednesday, June 29th. Jefferies Group set a $40.00 price target on shares of Microsoft Corp. and gave the company a “sell” rating in a report on Tuesday, September 27th. Citigroup Inc. upped their price target on shares of Microsoft Corp. from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, July 7th. Finally, Macquarie reissued a “neutral” rating and issued a $54.00 price target on shares of Microsoft Corp. in a report on Friday, September 23rd. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have assigned a buy rating to the company. Microsoft Corp. presently has an average rating of “Buy” and an average price target of $59.41.
In related news, Director William H. Gates III sold 2,500,000 shares of the 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Amy Hood sold 120,000 shares of the stock in a transaction that occurred on Monday, August 8th. The shares were 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 of the company’s stock, valued at $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is owned by 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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