Microsoft Corporation (MSFT) is Eagle Asset Management Inc.’s 3rd Largest Position

Eagle Asset Management Inc. cut its position in Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 2,914,560 shares of the software giant’s stock after selling 56,236 shares during the quarter. Microsoft comprises 1.2% of Eagle Asset Management Inc.’s holdings, making the stock its 3rd biggest position. Eagle Asset Management Inc.’s holdings in Microsoft were worth $200,900,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of MSFT. Bronfman E.L. Rothschild L.P. raised its position in shares of Microsoft by 9.7% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 118,899 shares of the software giant’s stock worth $8,196,000 after buying an additional 10,485 shares in the last quarter. Mark Sheptoff Financial Planning LLC raised its position in shares of Microsoft by 2.4% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 23,316 shares of the software giant’s stock worth $1,607,000 after buying an additional 549 shares in the last quarter. ARGI Investment Services LLC raised its position in shares of Microsoft by 0.7% during the 2nd quarter. ARGI Investment Services LLC now owns 21,495 shares of the software giant’s stock worth $1,458,000 after buying an additional 142 shares in the last quarter. ARGA Investment Management LP raised its position in shares of Microsoft by 59.6% during the 2nd quarter. ARGA Investment Management LP now owns 48,200 shares of the software giant’s stock worth $3,322,000 after buying an additional 18,000 shares in the last quarter. Finally, Atwood & Palmer Inc. raised its position in shares of Microsoft by 22.5% during the 2nd quarter. Atwood & Palmer Inc. now owns 7,081 shares of the software giant’s stock worth $488,000 after buying an additional 1,300 shares in the last quarter. Hedge funds and other institutional investors own 73.33% of the company’s stock.

MSFT has been the topic of a number of recent analyst reports. Canaccord Genuity restated a “hold” rating and set a $76.00 price target on shares of Microsoft in a research report on Friday, September 15th. Royal Bank Of Canada restated an “outperform” rating and set a $88.00 price target (up from $85.00) on shares of Microsoft in a research report on Friday, October 27th. Evercore ISI restated a “buy” rating and set a $80.00 price target on shares of Microsoft in a research report on Friday, August 18th. UBS set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, KeyCorp restated a “buy” rating and set a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Microsoft has an average rating of “Buy” and a consensus price target of $84.59.

Microsoft Corporation (NASDAQ MSFT) opened at $81.59 on Wednesday. The firm has a market cap of $625,499.00, a P/E ratio of 23.99, a PEG ratio of 1.89 and a beta of 0.99. 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 has a 1 year low of $59.80 and a 1 year high of $86.20.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.06%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 57.14%.

In other news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the transaction, the executive vice president now directly owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of Microsoft 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 transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last three months, insiders sold 27,000 shares of company stock worth $2,262,720. 1.49% of the stock is currently owned by insiders.

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Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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