Standard Life Investments LTD trimmed its position in Microsoft Corporation (NASDAQ:MSFT) by 0.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,912,477 shares of the software giant’s stock after selling 25,919 shares during the quarter. Standard Life Investments LTD owned about 0.05% of Microsoft Corporation worth $269,688,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors have also recently modified their holdings of the company. Hefty Wealth Partners increased its holdings in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares during the period. Ullmann Financial Group Inc. bought a new stake in Microsoft Corporation in the 1st quarter valued at $132,000. Stelac Advisory Services LLC increased its holdings in Microsoft Corporation by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after buying an additional 387 shares during the period. Opera Trading Capital increased its holdings in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after buying an additional 2,283 shares during the period. Finally, Baystate Wealth Management LLC increased its holdings in Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after buying an additional 374 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) opened at $83.93 on Tuesday. The firm has a market cap of $647,022.69, a P/E ratio of 24.81, a PEG ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. equities research analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
MSFT has been the topic of several analyst reports. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 target price (up previously from $86.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Atlantic Securities set a $83.00 target price on shares of Microsoft Corporation and gave the stock a “neutral” rating in a report on Friday, October 27th. UBS AG set a $105.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Thursday, November 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 target price (up previously from $82.00) on shares of Microsoft Corporation in a report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $83.86.
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In other news, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last three months, insiders sold 100,763 shares of company stock valued at $7,574,552. 1.49% of the stock is currently owned by insiders.
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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