REDW Stanley Financial Advisors LLC trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 14,945 shares of the software giant’s stock after selling 261 shares during the quarter. Microsoft Corporation accounts for about 1.0% of REDW Stanley Financial Advisors LLC’s holdings, making the stock its 16th largest position. REDW Stanley Financial Advisors LLC’s holdings in Microsoft Corporation were worth $1,030,000 as of its most recent filing with the SEC.
Several other large investors also recently added to or reduced their stakes in MSFT. Palisade Capital Management LLC NJ increased its stake in Microsoft Corporation by 2.3% in the 1st quarter. Palisade Capital Management LLC NJ now owns 8,144 shares of the software giant’s stock worth $536,000 after acquiring an additional 183 shares during the last quarter. DnB Asset Management AS increased its stake in Microsoft Corporation by 20.9% in the 1st quarter. DnB Asset Management AS now owns 3,963,939 shares of the software giant’s stock worth $261,065,000 after acquiring an additional 685,950 shares during the last quarter. Johanson Financial Advisors Inc. bought a new position in Microsoft Corporation in the 1st quarter worth about $2,006,000. Hermes Investment Management Ltd. increased its stake in Microsoft Corporation by 820.0% in the 1st quarter. Hermes Investment Management Ltd. now owns 594,623 shares of the software giant’s stock worth $39,162,000 after acquiring an additional 529,992 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. increased its stake in Microsoft Corporation by 1.1% in the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 1,497,865 shares of the software giant’s stock worth $98,650,000 after acquiring an additional 16,046 shares during the last quarter. Institutional investors own 73.37% of the company’s stock.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The stock was 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of Microsoft Corporation stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold 100,763 shares of company stock worth $7,574,552 over the last quarter. 1.49% of the stock is owned by company insiders.
Microsoft Corporation (MSFT) opened at $83.93 on Tuesday. The stock has a market capitalization of $647,022.69, a price-to-earnings ratio of 24.81, a PEG ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $86.20. 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 (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period last year, the business posted $0.76 EPS. research analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current 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 dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.00%. Microsoft Corporation’s payout ratio is 53.06%.
A number of equities analysts have weighed in on the company. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a research note on Monday. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Friday. UBS AG set a $105.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday, November 9th. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Finally, Deutsche Bank AG restated a “buy” rating and issued a $100.00 target price on shares of Microsoft Corporation in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $83.86.
Microsoft Corporation 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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