Robeco Institutional Asset Management B.V. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.3% in the second quarter, according to the company in its most recent filing with the SEC. The firm owned 2,447,460 shares of the software giant’s stock after selling 82,606 shares during the quarter. Microsoft comprises about 1.1% of Robeco Institutional Asset Management B.V.’s portfolio, making the stock its 7th largest position. Robeco Institutional Asset Management B.V.’s holdings in Microsoft were worth $168,699,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Hefty Wealth Partners lifted its holdings in shares of Microsoft 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. acquired a new position in shares of Microsoft in the 1st quarter valued at about $132,000. Stelac Advisory Services LLC lifted its holdings in shares of Microsoft 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 lifted its holdings in shares of Microsoft 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 lifted its holdings in shares of Microsoft 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. 73.33% of the stock is owned by institutional investors.
In other Microsoft news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,000 shares of company stock valued at $2,262,720. 1.49% of the stock is owned by company insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The company had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. During the same period in the previous year, the business earned $0.76 EPS. Microsoft’s quarterly revenue was up 11.7% on a year-over-year basis. equities analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a yield of 2.07%. Microsoft’s dividend payout ratio (DPR) is currently 57.14%.
MSFT has been the subject of several analyst reports. Sanford C. Bernstein set a $87.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, August 11th. Credit Suisse Group set a $84.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Evercore ISI reissued a “buy” rating and issued a $80.00 price objective on shares of Microsoft in a report on Friday, August 18th. Finally, UBS reissued an “overweight” rating on shares of Microsoft in a report on Thursday, August 24th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $84.59.
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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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