CrestPoint Capital Management LLC decreased its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,700 shares of the software giant’s stock after selling 1,600 shares during the period. Microsoft Corporation comprises about 2.1% of CrestPoint Capital Management LLC’s portfolio, making the stock its 2nd largest position. CrestPoint Capital Management LLC’s holdings in Microsoft Corporation were worth $4,529,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Hefty Wealth Partners raised its stake in Microsoft Corporation by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after buying an additional 653 shares in the last quarter. Asset Planning Services Ltd. raised its stake 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 valued at $114,000 after buying an additional 837 shares in the last quarter. Ullmann Financial Group Inc. acquired a new stake in Microsoft Corporation during the first quarter valued at approximately $132,000. Pacific Center for Financial Services acquired a new stake in Microsoft Corporation during the fourth quarter valued at approximately $155,000. Finally, Welch Investments LLC acquired a new stake in Microsoft Corporation during the fourth quarter valued at approximately $160,000. Institutional investors own 72.86% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 1.53% on Friday, hitting $72.50. The stock had a trading volume of 21,443,675 shares. The firm has a 50 day moving average price of $71.64 and a 200-day moving average price of $67.88. The company has a market cap of $558.41 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for 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 business’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.69 earnings per share. Analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current year.
The company 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 dividend on an annualized basis and a dividend yield of 2.15%. Microsoft Corporation’s payout ratio is currently 57.78%.
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Several equities research analysts recently commented on the stock. BMO Capital Markets boosted their price objective on shares of Microsoft Corporation from $75.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 21st. UBS AG restated a “buy” rating and issued a $82.00 target price (up from $73.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Canaccord Genuity upped their target price on shares of Microsoft Corporation from $68.00 to $76.00 and gave the company a “hold” rating in a report on Friday, July 21st. Deutsche Bank AG restated a “buy” rating and issued a $85.00 target price (up from $80.00) on shares of Microsoft Corporation in a report on Friday, July 21st. Finally, Raymond James Financial, Inc. upped their target price on shares of Microsoft Corporation to $84.00 and gave the company a “buy” rating in a report on Friday, July 21st. Two 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 company. Microsoft Corporation currently has an average rating of “Buy” and a consensus target price of $76.15.
In other news, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction 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 sale, the insider now owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,060,855 shares of company stock valued at $512,251,908. 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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