Clarkston Capital Partners LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 646,925 shares of the software giant’s stock after buying an additional 12,792 shares during the period. Microsoft Corporation comprises approximately 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. increased 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 valued at $114,000 after buying an additional 837 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Microsoft Corporation during the fourth quarter worth approximately $155,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Microsoft Corporation during the fourth quarter worth approximately $161,000. Schneider Downs Wealth Management Advisors LP bought a new position in shares of Microsoft Corporation during the first quarter worth approximately $209,000. Finally, Northwest Quadrant Wealth Management LLC bought a new position in shares of Microsoft Corporation during the fourth quarter worth approximately $205,000. Institutional investors and hedge funds own 72.64% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.12% during midday trading on Friday, reaching $72.49. The company’s stock had a trading volume of 18,761,491 shares. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The stock has a market capitalization of $558.34 billion, a P/E ratio of 26.75 and a beta of 1.01. The stock’s 50-day moving average is $72.16 and its 200 day moving average is $68.26.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.69 EPS. On average, analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.15%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
A number of equities analysts have recently commented on MSFT shares. Sanford C. Bernstein reissued a “buy” rating and set a $81.00 price objective on shares of Microsoft Corporation in a research report on Friday, April 28th. Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Pacific Crest reissued a “buy” rating and set a $78.00 price objective (up from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) upped their price target on Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a report on Friday, April 28th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $71.81 price target for the company in a report on Thursday, May 4th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average price target of $76.26.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The stock was 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 at the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the completion of the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last ninety days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. 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.
What are top analysts saying about Microsoft Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Microsoft Corporation and related companies.