Weaver C. Barksdale & Associates Inc. continued to hold its stake in Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,980 shares of the software giant’s stock at the close of the 2nd quarter. Microsoft Corporation comprises about 1.6% of Weaver C. Barksdale & Associates Inc.’s holdings, making the stock its 29th largest position. Weaver C. Barksdale & Associates Inc.’s holdings in Microsoft Corporation were worth $1,377,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Gierl Augustine Investment Management Inc boosted its position in Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after purchasing an additional 13 shares during the period. New Capital Management LP boosted its position in Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after purchasing an additional 22 shares during the period. Vista Capital Partners Inc. boosted its position in Microsoft Corporation by 0.4% during the 1st quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after purchasing an additional 36 shares during the period. Syntal Capital Partners LLC boosted its position in Microsoft Corporation by 0.8% during the 1st quarter. Syntal Capital Partners LLC now owns 8,121 shares of the software giant’s stock valued at $534,000 after purchasing an additional 64 shares during the period. Finally, Summit Asset Management LLC boosted its position in Microsoft Corporation by 0.7% during the 1st quarter. Summit Asset Management LLC now owns 10,706 shares of the software giant’s stock valued at $705,000 after purchasing an additional 76 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.
A number of research analysts recently issued reports on the company. Stifel Nicolaus restated a “buy” rating on shares of Microsoft Corporation in a research report on Thursday. Canaccord Genuity upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and boosted their price objective for the company from $76.00 to $86.00 in a research report on Thursday, October 5th. ValuEngine lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. set a $80.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, September 25th. Finally, Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Microsoft Corporation presently has an average rating of “Buy” and an average target price of $77.44.
In related news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by company insiders.
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Microsoft Corporation (NASDAQ:MSFT) traded up 0.9249% during mid-day trading on Thursday, hitting $77.1268. The stock had a trading volume of 9,332,977 shares. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $77.29. The stock’s 50-day moving average is $74.41 and its 200 day moving average is $70.93. The company has a market capitalization of $594.05 billion, a P/E ratio of 28.4601 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 earnings per share. Equities analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 57.78%.
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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