Guinness Asset Management Ltd raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 149,310 shares of the software giant’s stock after buying an additional 13,000 shares during the period. Microsoft Corporation makes up approximately 2.2% of Guinness Asset Management Ltd’s holdings, making the stock its 27th largest position. Guinness Asset Management Ltd’s holdings in Microsoft Corporation were worth $9,834,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Amtrust Financial Services Inc. purchased a new position in Microsoft Corporation during the fourth quarter worth about $2,672,000. CWA Asset Management Group LLC increased its position in Microsoft Corporation by 51.0% in the fourth quarter. CWA Asset Management Group LLC now owns 48,472 shares of the software giant’s stock worth $3,012,000 after buying an additional 16,371 shares during the period. Hunter Associates Investment Management LLC increased its position in Microsoft Corporation by 0.3% in the fourth quarter. Hunter Associates Investment Management LLC now owns 137,889 shares of the software giant’s stock worth $8,568,000 after buying an additional 409 shares during the period. Capital Analysts LLC increased its position in Microsoft Corporation by 2.9% in the fourth quarter. Capital Analysts LLC now owns 51,675 shares of the software giant’s stock worth $3,211,000 after buying an additional 1,480 shares during the period. Finally, FMR LLC increased its position in Microsoft Corporation by 11.0% in the fourth quarter. FMR LLC now owns 177,344,854 shares of the software giant’s stock worth $11,020,210,000 after buying an additional 17,606,133 shares during the period. Institutional investors own 72.74% of the company’s stock.
Microsoft Corporation (MSFT) opened at 73.79 on Friday. The stock has a market cap of $569.70 billion, a PE ratio of 32.56 and a beta of 1.00. The stock has a 50 day moving average price of $70.77 and a 200-day moving average price of $66.84. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.30. Microsoft Corporation also was the recipient of some unusual options trading on Thursday. Traders bought 91,928 put options on the stock. This is an increase of approximately 352% compared to the average daily volume of 20,348 put options.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 37.17% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts expect that Microsoft Corporation will post $3.32 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.11%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
A number of equities analysts have issued reports on MSFT shares. Morgan Stanley reiterated an “overweight” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Sunday, July 9th. Pacific Crest reiterated a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a report on Friday, April 28th. William Blair reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Friday, April 28th. Finally, Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-eight have given a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and a consensus price target of $75.12.
In related news, insider Jean Philippe Courtois sold 26,694 shares of the stock in a transaction that occurred on Wednesday, May 3rd. The stock was sold at an average price of $69.00, for a total value of $1,841,886.00. Following the completion of the sale, the insider now owns 607,688 shares of the company’s stock, valued at $41,930,472. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,060,786 shares of company stock valued at $831,893,332. Insiders own 2.99% of the company’s stock.
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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