North American Management Corp reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 192,208 shares of the software giant’s stock after selling 872 shares during the period. Microsoft Corporation comprises approximately 2.1% of North American Management Corp’s portfolio, making the stock its 18th largest position. North American Management Corp’s holdings in Microsoft Corporation were worth $13,249,000 at the end of the most recent quarter.
Several other institutional investors also recently made changes to their positions in MSFT. Advisors Capital Management LLC acquired a new stake in Microsoft Corporation during the second quarter worth $253,000. V Wealth Management LLC increased its stake in Microsoft Corporation by 1.8% in the second quarter. V Wealth Management LLC now owns 16,476 shares of the software giant’s stock worth $1,137,000 after buying an additional 298 shares during the period. Ronna Sue Cohen increased its stake in Microsoft Corporation by 0.7% in the second quarter. Ronna Sue Cohen now owns 16,960 shares of the software giant’s stock worth $1,169,000 after buying an additional 122 shares during the period. Ardevora Asset Management LLP increased its stake in Microsoft Corporation by 6.5% in the second quarter. Ardevora Asset Management LLP now owns 378,800 shares of the software giant’s stock worth $26,111,000 after buying an additional 23,000 shares during the period. Finally, Windward Capital Management Co. CA increased its stake in Microsoft Corporation by 8.6% in the second quarter. Windward Capital Management Co. CA now owns 11,904 shares of the software giant’s stock worth $821,000 after buying an additional 940 shares during the period. 72.74% of the stock is owned by institutional investors.
Microsoft Corporation (MSFT) opened at 74.19 on Wednesday. The stock has a 50 day moving average of $70.93 and a 200 day moving average of $67.04. The company has a market capitalization of $571.86 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.31.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 EPS. Equities analysts anticipate that Microsoft Corporation will post $3.25 EPS 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. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
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MSFT has been the subject of a number of recent research reports. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $77.00 price target (up from $73.00) on shares of Microsoft Corporation in a research note on Monday, May 1st. Pacific Crest reissued a “buy” rating and set a $78.00 price target (up from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price target for the company in a research note on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) boosted their price target on shares of Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $75.80.
In related news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Thursday, May 4th. The shares were sold at an average price of $68.85, for a total value of $481,950,000.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock worth $831,893,332 over the last three months. 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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