Microsoft Corporation (MSFT) Holdings Boosted by Wright Investors Service Inc.

Wright Investors Service Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 14.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,090 shares of the software giant’s stock after buying an additional 18,990 shares during the quarter. Microsoft Corporation comprises 4.0% of Wright Investors Service Inc.’s portfolio, making the stock its biggest holding. Wright Investors Service Inc.’s holdings in Microsoft Corporation were worth $10,483,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of MSFT. Empire Life Investments Inc. acquired a new position in Microsoft Corporation during the fourth quarter worth $26,822,000. RB Capital Management LLC acquired a new position in Microsoft Corporation during the fourth quarter worth $453,000. Lebenthal Asset Management LLC increased its position in Microsoft Corporation by 1.0% during the fourth quarter. Lebenthal Asset Management LLC now owns 137,314 shares of the software giant’s stock worth $8,533,000 after buying an additional 1,393 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new position in Microsoft Corporation during the fourth quarter worth $371,918,000. Finally, Castleark Management LLC increased its position in Microsoft Corporation by 47.7% during the fourth quarter. Castleark Management LLC now owns 915,124 shares of the software giant’s stock worth $56,866,000 after buying an additional 295,674 shares during the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.

In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at $39,776,406. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock worth $515,879,974 over the last three months. 2.99% of the stock is owned by insiders.

Shares of Microsoft Corporation (MSFT) traded up 0.96% during trading on Monday, hitting $74.69. 9,074,037 shares of the stock traded hands. The firm has a 50-day moving average of $73.08 and a 200-day moving average of $69.26. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.96. The firm has a market capitalization of $575.28 billion, a price-to-earnings ratio of 27.56 and a beta of 1.00.

Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period last year, the firm earned $0.69 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post $3.19 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 57.78%.

Several equities analysts have commented on MSFT shares. Royal Bank Of Canada set a $77.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Zacks Investment Research downgraded Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research report on Monday, July 24th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a research report on Thursday, August 31st. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target on the stock in a research report on Wednesday, May 17th. Finally, Jefferies Group LLC reaffirmed a “sell” rating and issued a $49.00 price target (up from $45.00) on shares of Microsoft Corporation in a research report on Monday, July 17th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty-one have given a buy rating to the company. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus price target of $76.80.

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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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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