Eqis Capital Management Inc. lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 9.2% during the second quarter, Holdings Channel reports. The fund owned 37,138 shares of the software giant’s stock after selling 3,758 shares during the period. Eqis Capital Management Inc.’s holdings in Microsoft Corp. were worth $1,900,000 as of its most recent SEC filing.
Other hedge funds also recently added to or reduced their stakes in the company. NN Investment Partners Holdings N.V. bought a new stake in Microsoft Corp. during the first quarter valued at $370,367,000. Alecta Pensionsforsakring Omsesidigt acquired a new stake in Microsoft Corp. during the first quarter worth $229,204,000. 1832 Asset Management L.P. raised its stake in Microsoft Corp. by 51.3% in the first quarter. 1832 Asset Management L.P. now owns 10,051,624 shares of the software giant’s stock worth $919,310,000 after buying an additional 3,407,829 shares during the last quarter. BlackRock Group LTD raised its stake in Microsoft Corp. by 4.6% in the first quarter. BlackRock Group LTD now owns 65,277,591 shares of the software giant’s stock worth $3,605,281,000 after buying an additional 2,858,044 shares during the last quarter. Finally, Legal & General Group Plc raised its stake in Microsoft Corp. by 8.1% in the first quarter. Legal & General Group Plc now owns 34,230,535 shares of the software giant’s stock worth $1,890,467,000 after buying an additional 2,567,667 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.
Microsoft Corp. (NASDAQ:MSFT) traded down 0.67% during trading on Friday, reaching $57.43. The company’s stock had a trading volume of 19,955,336 shares. The company has a market capitalization of $447.52 billion, a PE ratio of 27.35 and a beta of 1.08. Microsoft Corp. has a 52 week low of $43.05 and a 52 week high of $58.70. The company has a 50 day moving average price of $57.58 and a 200-day moving average price of $54.03.
Microsoft Corp. (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The business earned $22.60 billion during the quarter, compared to the consensus estimate of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period in the prior year, the business posted $0.60 EPS. Equities research analysts anticipate that Microsoft Corp. will post $2.90 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.72%. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio is 70.24%.
A number of analysts have weighed in on MSFT shares. Vetr upgraded Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 target price on the stock in a research note on Thursday, September 8th. Goldman Sachs Group Inc. set a $55.00 target price on Microsoft Corp. and gave the stock a “neutral” rating in a research note on Wednesday, June 29th. Citigroup Inc. increased their target price on Microsoft Corp. from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, July 7th. Pacific Crest reiterated a “buy” rating and issued a $65.00 target price on shares of Microsoft Corp. in a research note on Tuesday, September 13th. Finally, Jefferies Group reiterated an “underperform” rating and issued a $40.00 target price on shares of Microsoft Corp. in a research note on Tuesday, June 28th. Three equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and nineteen have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $59.35.
In related news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the transaction, the chief executive officer now directly owns 1,200,822 shares of the company’s stock, valued at approximately $69,611,651.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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