Randolph Co Inc Acquires 625 Shares of Microsoft Corporation (MSFT)

Randolph Co Inc raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 340,450 shares of the software giant’s stock after buying an additional 625 shares during the period. Microsoft Corporation comprises about 4.3% of Randolph Co Inc’s investment portfolio, making the stock its 6th largest position. Randolph Co Inc’s holdings in Microsoft Corporation were worth $22,422,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Arthur M. Cohen & Associates LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $4,292,000. Russell Investments Group Ltd. acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $686,993,000. First Bank & Trust acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $616,000. Aveo Capital Partners LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $585,000. Finally, Osborn Williams & Donohoe LLC raised its stake in shares of Microsoft Corporation by 0.4% in the fourth quarter. Osborn Williams & Donohoe LLC now owns 152,501 shares of the software giant’s stock valued at $9,476,000 after buying an additional 660 shares during the last quarter. Hedge funds and other institutional investors own 72.78% of the company’s stock.

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

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 70.87 on Tuesday. Microsoft Corporation has a 12-month low of $48.03 and a 12-month high of $72.89. The firm’s 50-day moving average is $69.68 and its 200-day moving average is $65.55. The company has a market capitalization of $547.15 billion, a price-to-earnings ratio of 31.28 and a beta of 0.99.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping the consensus estimate of $0.69 by $0.04. The firm had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.62 billion. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The business’s revenue was up 6.3% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. On average, equities analysts predict that Microsoft Corporation will post $3.03 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 69.03%.

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Several equities research analysts have issued reports on the stock. Cowen and Company reiterated an “outperform” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research note on Wednesday, May 31st. BidaskClub downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research report on Monday, June 12th. Morgan Stanley set a $80.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Monday. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a research report on Monday, May 29th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average target price of $70.21.

In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of Microsoft Corporation stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corporation stock in a transaction that occurred on Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total transaction of $173,500,000.00. The disclosure for this sale can be found here. Insiders have sold 12,060,786 shares of company stock worth $831,893,332 over the last three months. Insiders own 2.99% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:MSFT”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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