Boston Common Asset Management LLC Acquires 19,945 Shares of Microsoft Corp. (MSFT)
Boston Common Asset Management LLC raised its position in shares of Microsoft Corp. (NASDAQ:MSFT) by 8.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 258,411 shares of the software giant’s stock after buying an additional 19,945 shares during the period. Boston Common Asset Management LLC’s holdings in Microsoft Corp. were worth $13,223,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invictus RG purchased a new position in shares of Microsoft Corp. during the first quarter valued at approximately $107,000. Wrapmanager Inc. purchased a new position in shares of Microsoft Corp. during the first quarter valued at approximately $205,000. CLS Investments LLC increased its position in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock valued at $206,000 after buying an additional 3,206 shares during the last quarter. Northstar Group Inc. increased its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its position in shares of Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock valued at $239,000 after buying an additional 179 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% on Friday, hitting $57.42. 27,402,451 shares of the stock traded hands. Microsoft Corp. has a 52-week low of $47.02 and a 52-week high of $58.70. The stock’s 50 day moving average price is $57.40 and its 200 day moving average price is $54.45. The stock has a market cap of $447.45 billion, a P/E ratio of 27.34 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last released its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.11. The firm earned $22.60 billion during the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter last year, the business earned $0.60 EPS. On average, equities analysts expect that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio (DPR) is 70.24%.
A number of research firms have recently issued reports on MSFT. BMO Capital Markets reaffirmed a “buy” rating and set a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reaffirmed a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price objective on shares of Microsoft Corp. and gave the stock a “buy” rating in a report on Thursday, July 21st. JPMorgan Chase & Co. reaffirmed a “hold” rating and set a $50.00 price objective on shares of Microsoft Corp. in a report on Monday, July 18th. Finally, Vetr raised shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $56.55 price objective for the company in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $59.55.
In related news, CFO Amy Hood sold 120,000 shares of the firm’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $57.86, for a total value of $6,943,200.00. Following the transaction, the chief financial officer now owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction dated Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the completion of the transaction, the chief executive officer now directly owns 1,200,822 shares in the company, valued at approximately $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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