Brown Advisory Securities LLC increased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the first quarter, Holdings Channel reports. The fund owned 125,376 shares of the software giant’s stock after buying an additional 2,495 shares during the period. Microsoft Corporation makes up 2.1% of Brown Advisory Securities LLC’s investment portfolio, making the stock its 4th largest position. Brown Advisory Securities LLC’s holdings in Microsoft Corporation were worth $8,270,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Northwest Quadrant Wealth Management LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $205,000. Diligent Investors LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $3,989,000. Pacad Investment Ltd. boosted its position 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 in the last quarter. Smith Shellnut Wilson LLC ADV acquired a new position in shares of Microsoft Corporation during the fourth quarter valued at approximately $701,000. Finally, Cim Investment Mangement Inc. boosted its position 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 in the last quarter. 72.86% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation (MSFT) traded down 0.9725% during trading on Thursday, reaching $71.7652. 3,761,232 shares of the company’s stock traded hands. The company has a market capitalization of $552.75 billion, a price-to-earnings ratio of 26.4816 and a beta of 1.01. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The firm’s 50 day moving average is $71.61 and its 200-day moving average is $67.86.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.69 EPS. Analysts expect that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
Several equities analysts have commented on the stock. Credit Suisse Group assumed coverage on shares of Microsoft Corporation in a research report on Thursday, April 27th. They issued an “outperform” rating and a $80.00 price target for the company. BidaskClub cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 10th. Barclays PLC reissued an “overweight” rating and issued a $82.00 price target (up previously from $77.00) on shares of Microsoft Corporation in a research report on Friday, July 21st. Raymond James Financial, Inc. raised their price target on shares of Microsoft Corporation to $84.00 and gave the company a “buy” rating in a research report on Friday, July 21st. Finally, MKM Partners reissued a “neutral” rating and issued a $70.00 price target (up previously from $66.00) on shares of Microsoft Corporation in a research report on Sunday, July 23rd. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $76.15.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the business’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 disclosure for this sale can be found here. Insiders have sold a total of 7,060,855 shares of company stock valued at $512,251,908 over the last 90 days. Corporate 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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