Microsoft Corporation (MSFT) Shares Sold by Fisher Asset Management LLC
Fisher Asset Management LLC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT) by 14.2% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 16,005,206 shares of the software giant’s stock after selling 2,647,326 shares during the quarter. Microsoft Corporation makes up about 1.7% of Fisher Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Fisher Asset Management LLC owned approximately 0.21% of Microsoft Corporation worth $1,103,239,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Tompkins Financial Corp lifted its holdings in Microsoft Corporation by 21.1% in the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after buying an additional 18,225 shares during the period. State of Wisconsin Investment Board lifted its holdings in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the period. HPM Partners LLC lifted its holdings in Microsoft Corporation by 293.5% in the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock worth $10,608,000 after buying an additional 120,135 shares during the period. Cribstone Capital Management LLC lifted its holdings in Microsoft Corporation by 33.5% in the 1st quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock worth $2,554,000 after buying an additional 9,768 shares during the period. Finally, Murphy Capital Management Inc. lifted its holdings in Microsoft Corporation by 3.9% in the 1st quarter. Murphy Capital Management Inc. now owns 74,816 shares of the software giant’s stock worth $4,927,000 after buying an additional 2,776 shares during the period. Institutional investors and hedge funds own 73.40% of the company’s stock.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock worth $515,879,974 over the last ninety days. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation (NASDAQ:MSFT) traded up 0.53% during midday trading on Monday, hitting $76.40. The company had a trading volume of 5,469,944 shares. The company has a 50 day moving average price of $74.09 and a 200 day moving average price of $70.63. Microsoft Corporation has a 1-year low of $56.31 and a 1-year high of $76.55. The firm has a market capitalization of $588.45 billion, a P/E ratio of 28.19 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the company posted $0.69 EPS. Equities research analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a yield of 2.21%. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.
Several equities research analysts have weighed in on the company. ValuEngine cut Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Oppenheimer Holdings, Inc. set a $80.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, September 25th. Finally, Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 11th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $77.44.
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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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