Deltec Asset Management LLC grew its position in Microsoft Corporation (NASDAQ:MSFT) by 177.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,800 shares of the software giant’s stock after purchasing an additional 44,000 shares during the quarter. Deltec Asset Management LLC’s holdings in Microsoft Corporation were worth $4,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Investec Asset Management LTD boosted its position in shares of Microsoft Corporation by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp boosted its position in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Steadfast Capital Management LP boosted its position in shares of Microsoft Corporation by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after purchasing an additional 1,548,108 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Microsoft Corporation in the first quarter worth approximately $99,933,000. Finally, Boston Partners boosted its position in shares of Microsoft Corporation by 14.1% in the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after purchasing an additional 1,435,233 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.

Microsoft Corporation (NASDAQ MSFT) traded down 0.37% during mid-day trading on Friday, hitting $75.69. 6,404,058 shares of the stock were exchanged. The firm has a market cap of $582.98 billion, a P/E ratio of 27.93 and a beta of 1.01. The company has a 50 day moving average of $73.99 and a 200 day moving average of $70.56. Microsoft Corporation has a 12-month low of $56.32 and a 12-month high of $76.12. Microsoft Corporation also was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 46,917 call options on the company. This represents an increase of 117% compared to the typical daily volume of 21,578 call options.

Microsoft Corporation (NASDAQ:MSFT) last released its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping 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 firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. During the same period in the prior year, the firm earned $0.69 earnings per share. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.

In related news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock worth $515,879,974 over the last 90 days. Insiders own 2.99% of the company’s stock.

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A number of equities analysts have weighed in on MSFT shares. Zacks Investment Research upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Sunday, July 9th. Finally, Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $77.44.

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.

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

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