Wagner Bowman Management Corp trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 45,332 shares of the software giant’s stock after selling 1,612 shares during the period. Microsoft Corporation comprises 0.9% of Wagner Bowman Management Corp’s holdings, making the stock its 25th biggest holding. Wagner Bowman Management Corp’s holdings in Microsoft Corporation were worth $3,124,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of MSFT. Investec Asset Management LTD grew its holdings in Microsoft Corporation by 43.5% during the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. State Street Corp grew its holdings in Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP grew its holdings in Microsoft Corporation by 63.0% during the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Microsoft Corporation during the 1st quarter valued at about $99,933,000. Finally, Boston Partners grew its holdings in Microsoft Corporation by 14.1% during the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the last quarter. Institutional investors own 73.40% of the company’s stock.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now owns 544,080 shares in the company, valued at approximately $40,261,920. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by insiders.
MSFT has been the topic of several analyst reports. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Monday, July 10th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 price target on shares of Microsoft Corporation in a report on Sunday, July 9th. Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Finally, Cleveland Research initiated coverage on shares of Microsoft Corporation in a report on Thursday, June 22nd. They set a “buy” rating and a $80.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $76.72.
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Microsoft Corporation (NASDAQ:MSFT) traded down 0.447% during mid-day trading on Thursday, reaching $74.605. 7,359,072 shares of the company traded hands. The firm has a market capitalization of $574.63 billion, a price-to-earnings ratio of 27.530 and a beta of 1.00. The stock’s 50 day moving average price is $73.41 and its 200 day moving average price is $69.80. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $75.97. Microsoft Corporation also saw unusually large options trading activity on Wednesday. Investors bought 29,563 put options on the company. This represents an increase of approximately 118% compared to the average daily volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. Equities analysts forecast that Microsoft Corporation will post $3.14 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.24%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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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