Microsoft Corporation (MSFT) is Fairfield Bush & CO.’s 2nd Largest Position
Fairfield Bush & CO. reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 4.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 198,456 shares of the software giant’s stock after selling 10,013 shares during the period. Microsoft Corporation makes up 4.1% of Fairfield Bush & CO.’s portfolio, making the stock its 2nd largest position. Fairfield Bush & CO.’s holdings in Microsoft Corporation were worth $13,070,000 as of its most recent filing with the SEC.
A number of other large investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. increased its stake in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Pacific Center for Financial Services purchased a new stake in Microsoft Corporation during the fourth quarter worth $155,000. Patriot Financial Group Insurance Agency LLC purchased a new stake in Microsoft Corporation during the fourth quarter worth $161,000. Schneider Downs Wealth Management Advisors LP purchased a new stake in Microsoft Corporation during the first quarter worth $209,000. Finally, Cordasco Financial Network increased its stake in Microsoft Corporation by 44.6% in the first quarter. Cordasco Financial Network now owns 3,326 shares of the software giant’s stock worth $219,000 after buying an additional 1,026 shares during the period. Hedge funds and other institutional investors own 73.46% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded down 1.11% during midday trading on Friday, hitting $73.94. 21,736,161 shares of the company traded hands. The stock’s 50-day moving average price is $73.08 and its 200 day moving average price is $68.93. The company has a market capitalization of $569.50 billion, a price-to-earnings ratio of 27.28 and a beta of 0.99. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.96.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ 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 business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 EPS. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Corporation will post $3.21 EPS for the current 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 paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.11%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
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MSFT has been the subject of a number of research analyst reports. Canaccord Genuity restated a “buy” rating and issued a $68.00 target price on shares of Microsoft Corporation in a research report on Monday, May 22nd. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price objective for the company in a research report on Wednesday, May 17th. Royal Bank Of Canada reiterated a “buy” rating and set a $77.00 price objective on shares of Microsoft Corporation in a research report on Monday, May 29th. Deutsche Bank AG increased their price objective on Microsoft Corporation from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $78.00 price objective on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-eight have given a buy rating to the stock. Microsoft Corporation has an average rating of “Buy” and a consensus target price of $76.51.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated 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 completion of the sale, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock worth $515,879,974. 2.99% of the stock is owned by company insiders.
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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