Columbus Circle Investors decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 26.1% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,497,831 shares of the software giant’s stock after selling 882,175 shares during the period. Microsoft Corporation comprises 2.3% of Columbus Circle Investors’ holdings, making the stock its 3rd largest position. Columbus Circle Investors’ holdings in Microsoft Corporation were worth $164,507,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Asset Planning Services Ltd. boosted its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares during the period. Pacific Center for Financial Services purchased a new position in Microsoft Corporation during the fourth quarter worth $155,000. Welch Investments LLC purchased a new position in Microsoft Corporation during the fourth quarter worth $160,000. Patriot Financial Group Insurance Agency LLC purchased a new position in Microsoft Corporation during the fourth quarter worth $161,000. Finally, Schneider Downs Wealth Management Advisors LP purchased a new position in Microsoft Corporation during the first quarter worth $209,000. Institutional investors own 72.74% of the company’s stock.
Shares of Microsoft Corporation (MSFT) opened at 73.35 on Tuesday. The stock has a market capitalization of $566.30 billion, a P/E ratio of 32.37 and a beta of 1.00. Microsoft Corporation has a one year low of $52.93 and a one year high of $73.45. The company’s 50-day moving average is $69.88 and its 200-day moving average is $66.02.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.04. The company had revenue of $23.56 billion for the quarter, compared to analysts’ expectations of $23.62 billion. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. Microsoft Corporation’s revenue was up 6.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, equities research analysts anticipate that Microsoft Corporation will post $3.03 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.13%. Microsoft Corporation’s dividend payout ratio is currently 69.03%.
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A number of research firms recently weighed in on MSFT. Zacks Investment Research upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price on the stock in a research note on Wednesday, July 12th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a report on Sunday, July 9th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.93 target price on the stock. in a report on Monday. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, July 11th. Finally, BMO Capital Markets restated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Sunday. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have assigned a buy rating and one has issued a strong buy rating to the company. Microsoft Corporation presently has a consensus rating of “Buy” and an average target price of $71.18.
In other Microsoft Corporation news, Director William H. Gates III sold 2,500,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The shares were sold at an average price of $69.40, for a total value of $173,500,000.00. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Jean Philippe Courtois sold 26,694 shares of the business’s stock in a transaction on Wednesday, May 3rd. The shares were sold at an average price of $69.00, for a total transaction of $1,841,886.00. Following the completion of the transaction, the insider now directly owns 607,688 shares in the company, valued at $41,930,472. The disclosure for this sale can be found here. Insiders sold a total of 12,060,786 shares of company stock worth $831,893,332 over the last three months. 2.99% of the stock is currently owned by corporate insiders.
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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