Lesa Sroufe & Co decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,918 shares of the software giant’s stock after selling 26 shares during the period. Microsoft Corporation accounts for 1.1% of Lesa Sroufe & Co’s investment portfolio, making the stock its 27th largest position. Lesa Sroufe & Co’s holdings in Microsoft Corporation were worth $1,180,000 as of its most recent SEC filing.
Other hedge funds have also recently made changes to their positions in the company. FMR LLC raised its stake in shares of 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. Norges Bank purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $4,334,099,000. Janus Capital Management LLC raised its stake in shares of Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares during the period. Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter worth about $2,658,504,000. Finally, Viking Global Investors LP raised its stake in shares of Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the period. Hedge funds and other institutional investors own 72.74% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 73.79 on Friday. The company has a 50-day moving average of $70.77 and a 200 day moving average of $66.84. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.30. The company has a market capitalization of $569.70 billion, a P/E ratio of 32.56 and a beta of 1.00. Microsoft Corporation also was the target of unusually large options trading activity on Thursday. Traders acquired 91,928 put options on the stock. This is an increase of approximately 352% compared to the typical daily volume of 20,348 put options.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 37.17%. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the firm earned $0.69 EPS. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post $3.32 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
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MSFT has been the topic of a number of analyst reports. Pacific Crest restated a “buy” rating and set a $78.00 target price (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 target price on the stock. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research note on Monday, May 29th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-eight have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.23.
In other news, insider Jean Philippe Courtois sold 26,165 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $69.00, for a total value of $1,805,385.00. Following the sale, the insider now owns 570,843 shares of the company’s stock, valued at approximately $39,388,167. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares in the company, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,060,786 shares of company stock worth $831,893,332. 2.99% of the stock is owned by insiders.
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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