Clarkston Capital Partners LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 646,925 shares of the software giant’s stock after buying an additional 12,792 shares during the period. Microsoft Corporation comprises about 2.0% of Clarkston Capital Partners LLC’s portfolio, making the stock its 17th largest position. Clarkston Capital Partners LLC’s holdings in Microsoft Corporation were worth $42,607,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of 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 in the last quarter. Pacific Center for Financial Services acquired a new position in Microsoft Corporation during the fourth quarter worth approximately $155,000. Patriot Financial Group Insurance Agency LLC acquired a new position in Microsoft Corporation during the fourth quarter worth approximately $161,000. Northwest Quadrant Wealth Management LLC acquired a new position in Microsoft Corporation during the fourth quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in Microsoft Corporation during the first quarter worth approximately $209,000. 72.86% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) opened at 72.50 on Friday. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42. The firm’s 50-day moving average price is $71.70 and its 200-day moving average price is $67.95. The stock has a market capitalization of $558.41 billion, a P/E ratio of 26.75 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results 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 business had revenue of $24.70 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.69 earnings per share. Equities research analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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Several brokerages have recently issued reports on MSFT. BidaskClub cut Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research report on Friday. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $76.15.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Tuesday, July 25th. The stock was 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 directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders sold 7,060,855 shares of company stock valued at $512,251,908 over the last quarter. 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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