Financial Engines Advisors L.L.C. Sells 857 Shares of Microsoft Corporation (MSFT)
Financial Engines Advisors L.L.C. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 1.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 57,531 shares of the software giant’s stock after selling 857 shares during the period. Microsoft Corporation makes up approximately 0.2% of Financial Engines Advisors L.L.C.’s portfolio, making the stock its 21st largest position. Financial Engines Advisors L.L.C.’s holdings in Microsoft Corporation were worth $3,966,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. OLD Dominion Capital Management Inc. raised its holdings in shares of Microsoft Corporation by 4.2% in the 2nd quarter. OLD Dominion Capital Management Inc. now owns 8,224 shares of the software giant’s stock valued at $567,000 after purchasing an additional 332 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in shares of Microsoft Corporation by 6.4% in the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 86,785 shares of the software giant’s stock valued at $5,982,000 after purchasing an additional 5,249 shares in the last quarter. National Planning Corp raised its holdings in shares of Microsoft Corporation by 5.2% in the 2nd quarter. National Planning Corp now owns 74,024 shares of the software giant’s stock valued at $5,046,000 after purchasing an additional 3,669 shares in the last quarter. Boston Partners raised its holdings in shares of Microsoft Corporation by 6.3% in the 2nd quarter. Boston Partners now owns 12,308,564 shares of the software giant’s stock valued at $848,429,000 after purchasing an additional 729,333 shares in the last quarter. Finally, Bank of The Ozarks raised its holdings in shares of Microsoft Corporation by 2.4% in the 2nd quarter. Bank of The Ozarks now owns 46,242 shares of the software giant’s stock valued at $3,188,000 after purchasing an additional 1,088 shares in the last quarter. 73.14% of the stock is owned by institutional investors.
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A number of equities research analysts have recently weighed in on MSFT shares. Piper Jaffray Companies restated a “buy” rating and issued a $90.00 price objective on shares of Microsoft Corporation in a report on Sunday, August 27th. BMO Capital Markets restated a “buy” rating and issued a $86.00 price objective on shares of Microsoft Corporation in a report on Friday, August 25th. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 4th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price objective on the stock in a report on Monday, July 31st. Finally, Evercore ISI restated a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Friday, August 18th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $84.21.
Microsoft Corporation (NASDAQ:MSFT) opened at $83.11 on Friday. The company has a quick ratio of 3.06, a current ratio of 3.12 and a debt-to-equity ratio of 0.91. The company has a market cap of $641,159.63, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01. Microsoft Corporation has a one year low of $58.80 and a one year high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. Microsoft Corporation’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 earnings per share. equities research analysts anticipate that Microsoft Corporation will post 3.38 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.02%. Microsoft Corporation’s payout ratio is presently 57.14%.
In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of Microsoft Corporation stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last ninety days, insiders sold 108,763 shares of company stock worth $8,242,232. Insiders own 1.49% of the company’s stock.
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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