Vicus Capital raised its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 5.3% during the second quarter, Holdings Channel reports. The fund owned 122,101 shares of the software giant’s stock after buying an additional 6,134 shares during the period. Microsoft Corp. accounts for 1.5% of Vicus Capital’s portfolio, making the stock its 13th largest position. Vicus Capital’s holdings in Microsoft Corp. were worth $6,248,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also modified their holdings of the company. NN Investment Partners Holdings N.V. purchased a new position in shares of Microsoft Corp. during the first quarter valued at about $370,367,000. American Century Companies Inc. boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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 shares of Microsoft Corp. during the first quarter valued at about $129,152,000. Institutional investors and hedge funds own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.56% during midday trading on Tuesday, hitting $57.10. The company’s stock had a trading volume of 12,083,466 shares. The firm has a market cap of $444.95 billion, a price-to-earnings ratio of 27.19 and a beta of 1.09. Microsoft Corp. has a 12-month low of $45.95 and a 12-month high of $58.70. The firm has a 50-day moving average of $57.49 and a 200 day moving average of $54.23.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to the consensus estimate 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 last year, the business posted $0.60 earnings per share. On average, equities research analysts predict that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.72%. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
A number of analysts recently commented on MSFT shares. Vetr raised Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price target for the company in a research note on Monday, July 11th. Sanford C. Bernstein set a $68.00 price target on Microsoft Corp. and gave the stock a “buy” rating in a research note on Friday, July 15th. Citigroup Inc. raised their price target on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, July 7th. Stifel Nicolaus raised their price target on Microsoft Corp. from $58.00 to $60.00 and gave the stock a “buy” rating in a research note on Wednesday, July 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $65.00 price target on shares of Microsoft Corp. in a research note on Saturday, June 25th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have given a buy rating to the stock. Microsoft Corp. currently has a consensus rating of “Buy” and a consensus price target of $59.41.
In related news, CFO Amy Hood sold 120,000 shares of Microsoft Corp. stock in a transaction that occurred on 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 transaction, the chief financial officer now 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 accessible through this link. Also, CEO Satya Nadella sold 143,000 shares of Microsoft Corp. stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value 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 disclosure for this sale can be found here. Corporate 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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