Palladium Partners LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 459,722 shares of the software giant’s stock after buying an additional 5,127 shares during the period. Microsoft Corporation makes up 2.5% of Palladium Partners LLC’s portfolio, making the stock its 5th largest holding. Palladium Partners LLC’s holdings in Microsoft Corporation were worth $31,689,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Vicus Capital grew its stake in Microsoft Corporation by 1.8% in the 1st quarter. Vicus Capital now owns 125,013 shares of the software giant’s stock valued at $8,233,000 after buying an additional 2,185 shares during the last quarter. Corundum Group Inc. grew its stake in Microsoft Corporation by 1.5% in the 1st quarter. Corundum Group Inc. now owns 8,219 shares of the software giant’s stock valued at $541,000 after buying an additional 125 shares during the last quarter. Palisade Capital Management LLC NJ grew its stake in Microsoft Corporation by 2.3% in the 1st quarter. Palisade Capital Management LLC NJ now owns 8,144 shares of the software giant’s stock valued at $536,000 after buying an additional 183 shares during the last quarter. DnB Asset Management AS grew its stake in Microsoft Corporation by 20.9% in the 1st quarter. DnB Asset Management AS now owns 3,963,939 shares of the software giant’s stock valued at $261,065,000 after buying an additional 685,950 shares during the last quarter. Finally, Johanson Financial Advisors Inc. bought a new stake in Microsoft Corporation in the 1st quarter valued at about $2,006,000. Institutional investors and hedge funds own 73.37% of the company’s stock.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders sold 96,763 shares of company stock worth $7,240,712 over the last ninety days. Insiders own 1.49% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) opened at $83.87 on Monday. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The firm has a market cap of $647,022.69, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The firm had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the firm earned $0.76 earnings per share. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. equities research analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 53.06%.
A number of analysts have issued reports on the stock. Sanford C. Bernstein set a $87.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday. Tigress Financial reissued a “buy” rating on shares of Microsoft Corporation in a report on Tuesday, November 7th. BidaskClub raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Finally, Barclays PLC reissued an “overweight” rating and issued a $89.00 price objective (up previously from $82.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-nine have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $83.64.
Microsoft Corporation Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s 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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