Microsoft Corporation (NASDAQ:MSFT) Stake Held by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd continued to hold its position in shares of Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,377 shares of the software giant’s stock at the end of the first quarter. Harvest Fund Management Co. Ltd’s holdings in Microsoft Corporation were worth $552,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted 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 during the last quarter. Pacific Center for Financial Services bought a new stake in Microsoft Corporation during the fourth quarter valued at $155,000. Patriot Financial Group Insurance Agency LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $161,000. Northwest Quadrant Wealth Management LLC acquired a new stake in shares of Microsoft Corporation during the fourth quarter valued at approximately $205,000. Finally, Arcus Capital Partners LLC acquired a new stake in shares of Microsoft Corporation during the first quarter valued at approximately $205,000. 72.64% of the stock is owned by hedge funds and other institutional investors.

Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 72.49 on Friday. The company has a market cap of $558.34 billion, a PE 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. The company’s 50-day moving average is $72.16 and its 200 day moving average is $68.26.

Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during 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 company’s quarterly 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 anticipate that Microsoft Corporation will post $3.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s payout ratio is presently 57.78%.

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Several brokerages have recently commented on MSFT. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. BidaskClub upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday. Evercore ISI reiterated a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Friday. Credit Suisse Group set a $84.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, August 11th. Finally, Global Equities Research reiterated a “buy” rating and set a $75.00 price target on shares of Microsoft Corporation in a research report on Tuesday, June 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $76.26.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation 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 owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation 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 disclosure for this sale can be found here. Insiders have sold a total of 7,057,855 shares of company stock valued at $512,044,578 in the last ninety days. 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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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