Microsoft Corporation (MSFT) Stake Boosted by Sowell Financial Services LLC
Sowell Financial Services LLC raised its position in Microsoft Corporation (NASDAQ:MSFT) by 2.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 165,267 shares of the software giant’s stock after buying an additional 3,439 shares during the period. Microsoft Corporation comprises 3.4% of Sowell Financial Services LLC’s investment portfolio, making the stock its 2nd largest position. Sowell Financial Services LLC’s holdings in Microsoft Corporation were worth $11,365,000 at the end of the most recent reporting period.
A number of other institutional investors have also made changes to their positions in MSFT. Davidson Kempner Capital Management LP purchased a new position in Microsoft Corporation during the fourth quarter valued at approximately $59,136,000. SRS Capital Advisors Inc. purchased a new position in Microsoft Corporation during the fourth quarter valued at approximately $323,000. Janus Capital Management LLC increased its position in 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 valued at $3,061,887,000 after buying an additional 4,250,705 shares during the last quarter. Light Street Capital Management LLC purchased a new position in Microsoft Corporation during the fourth quarter valued at approximately $21,749,000. Finally, Cheviot Value Management LLC increased its position in Microsoft Corporation by 0.5% in the fourth quarter. Cheviot Value Management LLC now owns 175,259 shares of the software giant’s stock valued at $10,891,000 after buying an additional 810 shares during the last quarter. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) traded down 0.40% during mid-day trading on Monday, hitting $72.20. The stock had a trading volume of 5,837,969 shares. The firm has a market capitalization of $556.10 billion, a price-to-earnings ratio of 26.64 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The stock’s 50-day moving average is $72.16 and its 200 day moving average is $68.26.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter in the previous year, the company earned $0.69 earnings per share. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.21 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 given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
Several equities analysts have recently commented on the company. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $78.00 target price on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a research report on Friday, June 16th. Cowen and Company upped their target price on Microsoft Corporation from $70.00 to $74.00 and gave the company an “outperform” rating in a research report on Friday, April 28th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price on the stock in a research report on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research report on Monday, July 17th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.26.
In related news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,165 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $69.00, for a total transaction of $1,805,385.00. Following the transaction, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The disclosure for this sale can be found here. Insiders have sold 7,057,855 shares of company stock worth $512,044,578 in the last quarter. 2.99% of the stock is owned by corporate 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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