Grandfield & Dodd LLC lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512,570 shares of the software giant’s stock after selling 19,026 shares during the quarter. Microsoft Corporation comprises about 4.2% of Grandfield & Dodd LLC’s holdings, making the stock its largest position. Grandfield & Dodd LLC’s holdings in Microsoft Corporation were worth $35,331,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its holdings in Microsoft Corporation by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock valued at $9,331,000 after purchasing an additional 29 shares in the last quarter. Hefty Wealth Partners boosted its holdings in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. boosted its holdings in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new stake in Microsoft Corporation in the 1st quarter valued at approximately $132,000. Finally, Opera Trading Capital boosted its holdings in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares in the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $88.00 price objective (up previously from $78.00) on shares of Microsoft Corporation in a report on Tuesday, July 18th. Argus raised Microsoft Corporation from a “hold” rating to a “buy” rating and lifted their price objective for the company from $57.28 to $95.00 in a report on Tuesday. Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Finally, Wells Fargo & Company set a $82.50 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, July 21st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $82.61.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period last year, the business posted $0.76 EPS. Microsoft Corporation’s revenue was up 11.7% compared to the same quarter last year.
The company also recently announced 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 of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.02%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
In related news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on 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 directly owns 510,217 shares in the company, valued at approximately $37,097,878.07. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Insiders sold a total of 7,081,763 shares of company stock worth $513,899,512 over the last quarter. 1.49% of the stock is currently owned by company insiders.
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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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