State Street Corp Boosts Position in Microsoft Corporation (MSFT)
State Street Corp boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.8% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 318,681,830 shares of the software giant’s stock after buying an additional 2,552,473 shares during the quarter. Microsoft Corporation makes up approximately 1.9% of State Street Corp’s portfolio, making the stock its 2nd largest holding. State Street Corp owned about 4.13% of Microsoft Corporation worth $20,988,383,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Two Sigma Securities LLC boosted its position in Microsoft Corporation by 117.3% during the first quarter. Two Sigma Securities LLC now owns 35,373 shares of the software giant’s stock worth $2,330,000 after purchasing an additional 19,095 shares during the period. NS Partners Ltd boosted its position in Microsoft Corporation by 2.6% during the first quarter. NS Partners Ltd now owns 285,954 shares of the software giant’s stock worth $18,833,000 after purchasing an additional 7,280 shares during the period. Weiss Multi Strategy Advisers LLC boosted its position in Microsoft Corporation by 13.6% during the first quarter. Weiss Multi Strategy Advisers LLC now owns 113,726 shares of the software giant’s stock worth $7,490,000 after purchasing an additional 13,573 shares during the period. MEMBERS Trust Co bought a new position in Microsoft Corporation during the first quarter worth about $1,141,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Microsoft Corporation during the first quarter worth about $99,933,000. Institutional investors own 73.47% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) traded down 0.48% during midday trading on Friday, hitting $73.98. The company’s stock had a trading volume of 14,703,816 shares. The company has a market cap of $569.81 billion, a price-to-earnings ratio of 27.30 and a beta of 1.00. The company’s 50-day moving average is $73.10 and its 200 day moving average is $69.19. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.96.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the business posted $0.69 earnings per share. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, analysts predict that Microsoft Corporation will post $3.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is 57.78%.
In related news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction that occurred 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. Over the last 90 days, insiders sold 7,108,526 shares of company stock valued at $515,879,974. Company insiders own 2.99% of the company’s stock.
A number of equities analysts have weighed in on the stock. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price for the company in a research report on Wednesday. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, August 16th. Evercore ISI reiterated a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research report on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirty have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $76.66.
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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