Dynamic Capital Management Ltd lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 68.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,575 shares of the software giant’s stock after selling 25,389 shares during the period. Dynamic Capital Management Ltd’s holdings in Microsoft Corporation were worth $762,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in MSFT. Northwest Quadrant Wealth Management LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at $205,000. Diligent Investors LLC purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at $3,989,000. Pacad Investment Ltd. increased its stake in shares of Microsoft Corporation by 157.8% in the fourth quarter. Pacad Investment Ltd. now owns 71,865 shares of the software giant’s stock valued at $4,466,000 after buying an additional 43,984 shares during the period. Smith Shellnut Wilson LLC ADV purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at $701,000. Finally, Cim Investment Mangement Inc. increased its stake in shares of Microsoft Corporation by 1.2% in the fourth quarter. Cim Investment Mangement Inc. now owns 58,955 shares of the software giant’s stock valued at $3,663,000 after buying an additional 688 shares during the period. 72.86% of the stock is owned by institutional investors.
Microsoft Corporation (MSFT) traded down 0.780% during midday trading on Thursday, reaching $71.905. 2,041,533 shares of the company’s stock traded hands. The firm’s 50-day moving average is $71.61 and its 200-day moving average is $67.86. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The company has a market capitalization of $553.83 billion, a price-to-earnings ratio of 26.533 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the business earned $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post $3.22 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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Several equities research analysts recently weighed in on MSFT shares. Piper Jaffray Companies reissued an “overweight” rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Wednesday, April 19th. Pacific Crest reissued a “buy” rating and set a $70.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Morgan Stanley reissued a “buy” rating and set a $72.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $69.32 price target for the company. in a research report on Monday, April 24th. Finally, MKM Partners reissued a “neutral” rating and set a $60.00 price target on shares of Microsoft Corporation in a research report on Tuesday, April 25th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the stock. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.15.
In other news, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares of the company’s stock, valued at $14,718,000. The transaction was disclosed in a legal filing with the SEC, 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 shares were 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. Over the last quarter, insiders have sold 7,060,855 shares of company stock valued at $512,251,908. Company 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.
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