Chicago Partners Investment Group LLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 62.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,330 shares of the software giant’s stock after selling 13,786 shares during the period. Chicago Partners Investment Group LLC’s holdings in Microsoft Corporation were worth $541,000 at the end of the most recent reporting period.
Several other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Schwab Charles Investment Management Inc. grew its stake in Microsoft Corporation by 2.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock valued at $1,907,648,000 after buying an additional 638,798 shares during the last quarter. Fisher Asset Management LLC grew its stake in Microsoft Corporation by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after buying an additional 199,259 shares during the last quarter. Sanders Capital LLC grew its stake in Microsoft Corporation by 2.4% in the 2nd quarter. Sanders Capital LLC now owns 12,143,596 shares of the software giant’s stock valued at $924,807,000 after buying an additional 287,200 shares during the last quarter. Finally, Boston Partners grew its stake in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after buying an additional 1,435,233 shares during the last quarter. Institutional investors own 73.37% of the company’s stock.
A number of research analysts recently commented on MSFT shares. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research note on Friday, September 15th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $88.00 price target (up previously from $85.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Evercore ISI reiterated a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research note on Friday, August 18th. Finally, UBS AG set a $105.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and twenty-nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $83.64.
Microsoft Corporation (NASDAQ MSFT) opened at $83.87 on Monday. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $86.20. The firm has a market cap of $647,022.69, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01. 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 (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same period last year, the firm earned $0.76 earnings per share. The firm’s revenue was up 11.7% on a year-over-year basis. equities research analysts anticipate that Microsoft Corporation will post 3.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.42 per share. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
In related news, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now directly owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold 96,763 shares of company stock worth $7,240,712 over the last three months. 1.49% of the stock is owned by insiders.
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About Microsoft Corporation
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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