Stelliam Investment Management LP cut its position in Microsoft Corporation (NASDAQ:MSFT) by 30.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 695,000 shares of the software giant’s stock after selling 302,500 shares during the period. Microsoft Corporation comprises about 1.8% of Stelliam Investment Management LP’s investment portfolio, making the stock its 27th largest position. Stelliam Investment Management LP’s holdings in Microsoft Corporation were worth $45,773,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in MSFT. Asset Planning Services Ltd. increased its position in shares of 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 last quarter. Pacific Center for Financial Services acquired a new position in shares of Microsoft Corporation during the fourth quarter worth $155,000. Patriot Financial Group Insurance Agency LLC acquired a new position in shares of Microsoft Corporation during the fourth quarter worth $161,000. Arcus Capital Partners LLC acquired a new position in shares of Microsoft Corporation during the first quarter worth $205,000. Finally, Schneider Downs Wealth Management Advisors LP acquired a new position in shares of Microsoft Corporation during the first quarter worth $209,000. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) traded up 0.71% during mid-day trading on Friday, hitting $71.92. 5,051,724 shares of the stock were exchanged. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The company’s 50-day moving average price is $71.64 and its 200 day moving average price is $67.88. The firm has a market capitalization of $553.95 billion, a price-to-earnings ratio of 26.54 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. Equities research analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.18%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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A number of brokerages have recently weighed in on MSFT. Sanford C. Bernstein set a $87.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group set a $84.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday. BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 target price on the stock in a research note 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 given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $76.15.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the sale, the executive vice president now directly owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is 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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