WASHINGTON TRUST Co raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 11.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 247,447 shares of the software giant’s stock after buying an additional 25,088 shares during the period. WASHINGTON TRUST Co’s holdings in Microsoft Corporation were worth $16,296,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. First Houston Capital Inc. boosted its position in shares of Microsoft Corporation by 2.6% in the first quarter. First Houston Capital Inc. now owns 43,400 shares of the software giant’s stock worth $2,858,000 after buying an additional 1,100 shares in the last quarter. Usca Ria LLC boosted its position in shares of Microsoft Corporation by 5.7% in the first quarter. Usca Ria LLC now owns 177,514 shares of the software giant’s stock worth $11,691,000 after buying an additional 9,588 shares in the last quarter. Millie Capital Management LLC boosted its position in shares of Microsoft Corporation by 0.6% in the first quarter. Millie Capital Management LLC now owns 65,113 shares of the software giant’s stock worth $4,288,000 after buying an additional 396 shares in the last quarter. Seminole Management Co. Inc. boosted its position in shares of Microsoft Corporation by 291.9% in the first quarter. Seminole Management Co. Inc. now owns 268,056 shares of the software giant’s stock worth $17,654,000 after buying an additional 199,656 shares in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of Microsoft Corporation by 5.4% in the first quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 51,495 shares of the software giant’s stock worth $3,391,000 after buying an additional 2,623 shares in the last quarter. Hedge funds and other institutional investors own 73.46% of the company’s stock.

Microsoft Corporation (MSFT) traded down 0.12% during midday trading on Monday, reaching $72.73. The company’s stock had a trading volume of 2,488,448 shares. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a 50 day moving average of $72.63 and a 200 day moving average of $68.58. The firm has a market capitalization of $560.18 billion, a PE ratio of 26.84 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same quarter last year, the business posted $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.

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MSFT has been the subject of a number of research analyst reports. Raymond James Financial, Inc. restated a “strong-buy” rating and issued a $77.00 price target (up previously from $73.00) on shares of Microsoft Corporation in a research report on Monday, May 1st. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $75.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a research report on Monday, May 1st. Zacks Investment Research upgraded Microsoft Corporation from a “sell” rating to a “hold” rating in a research report on Monday, May 1st. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.81 price target for the company in a research report on Thursday, May 4th. Finally, Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $78.00 price target on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $76.26.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at $40,261,920. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. Company insiders own 2.99% of the company’s stock.

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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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