First Wilshire Securities Management Inc. held its stake in shares of Microsoft Corporation (NASDAQ:MSFT) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 7,350 shares of the software giant’s stock at the end of the 1st quarter. First Wilshire Securities Management Inc.’s holdings in Microsoft Corporation were worth $484,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Norges Bank acquired a new stake in Microsoft Corporation during the 4th quarter worth $4,334,099,000. Dodge & Cox acquired a new stake in Microsoft Corporation during the 4th quarter worth $2,658,504,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main acquired a new stake in Microsoft Corporation during the 4th quarter worth $371,918,000. Investec Asset Management LTD boosted its stake in Microsoft Corporation by 43.5% during the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. Finally, Putnam Investments LLC boosted its stake in Microsoft Corporation by 18.3% during the 4th quarter. Putnam Investments LLC now owns 16,572,302 shares of the software giant’s stock worth $1,029,802,000 after purchasing an additional 2,568,932 shares during the last quarter. 73.47% of the stock is currently owned by institutional investors.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.48% on Friday, reaching $73.98. The company’s stock had a trading volume of 14,703,816 shares. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.96. The firm has a market capitalization of $569.81 billion, a P/E ratio of 27.30 and a beta of 1.00. The firm has a 50-day moving average price of $73.10 and a 200 day moving average price of $69.19.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. Equities analysts anticipate that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 57.78%.
In other Microsoft Corporation 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 sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock worth $515,879,974 in the last ninety days. 2.99% of the stock is owned by company insiders.
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Several equities research analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Friday. Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price target on the stock in a report on Wednesday. Moffett Nathanson began coverage on Microsoft Corporation in a report on Wednesday. They set a “neutral” rating and a $81.00 price target on the stock. Finally, ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $76.66.
About Microsoft Corporation
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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