Norris Perne & French LLP MI increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 43.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 258,882 shares of the software giant’s stock after buying an additional 78,914 shares during the quarter. Microsoft Corporation accounts for 3.0% of Norris Perne & French LLP MI’s portfolio, making the stock its 4th biggest holding. Norris Perne & French LLP MI’s holdings in Microsoft Corporation were worth $17,845,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently added to or reduced their stakes in the company. Hefty Wealth Partners lifted its stake in Microsoft Corporation by 65.6% during the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. bought a new position in Microsoft Corporation during the first quarter worth about $132,000. Opera Trading Capital lifted its stake in Microsoft Corporation by 1,522.0% during the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. Baystate Wealth Management LLC lifted its stake in Microsoft Corporation by 3.6% during the second quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after purchasing an additional 374 shares during the period. Finally, Brouwer & Janachowski LLC bought a new position in Microsoft Corporation during the second quarter worth about $203,000. 73.37% of the stock is currently owned by institutional investors and hedge funds.
Shares of Microsoft Corporation (MSFT) opened at $84.05 on Wednesday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The stock has a market cap of $647,485.56, a PE ratio of 24.83, a PEG ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a fifty-two week low of $58.31 and a fifty-two week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. During the same quarter in the prior year, the business earned $0.76 EPS. Microsoft Corporation’s quarterly revenue was up 11.7% on a year-over-year basis. analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.00%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is 53.06%.
A number of research analysts have commented on the stock. Goldman Sachs Group, Inc. (The) restated a “buy” rating and set a $88.00 price target (up previously from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Argus upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and raised their price target for the stock from $57.28 to $95.00 in a research note on Tuesday, October 31st. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Wells Fargo & Company set a $82.50 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, July 21st. Finally, J P Morgan Chase & Co set a $64.00 price target on shares of Microsoft Corporation and gave the stock a “neutral” rating in a research note on Tuesday, July 18th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $83.86.
In related news, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Frank H. Brod sold 15,000 shares of the company’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 completion of the transaction, the insider now owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 100,763 shares of company stock worth $7,574,552. 1.49% of the stock is owned by company insiders.
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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