National Pension Service grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,441,001 shares of the software giant’s stock after acquiring an additional 488,898 shares during the period. Microsoft Corporation accounts for approximately 2.2% of National Pension Service’s portfolio, making the stock its 3rd largest holding. National Pension Service owned 0.07% of Microsoft Corporation worth $372,654,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Gierl Augustine Investment Management Inc raised its position in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after buying an additional 13 shares in the last quarter. New Capital Management LP raised its position in shares of Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after buying an additional 22 shares in the last quarter. Vista Capital Partners Inc. raised its position in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after buying an additional 36 shares in the last quarter. Syntal Capital Partners LLC raised its position in shares of Microsoft Corporation by 0.8% in the first quarter. Syntal Capital Partners LLC now owns 8,121 shares of the software giant’s stock worth $534,000 after buying an additional 64 shares in the last quarter. Finally, Summit Asset Management LLC raised its position in shares of Microsoft Corporation by 0.7% in the first quarter. Summit Asset Management LLC now owns 10,706 shares of the software giant’s stock worth $705,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.
In related news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the completion of the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’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 disclosure for this sale can be found here. In the last three months, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (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 analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post $3.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
A number of equities research analysts recently issued reports on the company. Canaccord Genuity upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and increased their price objective for the stock from $76.00 to $86.00 in a research report on Thursday, October 5th. ValuEngine downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Oppenheimer Holdings, Inc. set a $80.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, September 25th. Stifel Nicolaus restated a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Monday, September 18th. Finally, Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty-nine have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $77.44.
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Microsoft Corporation Profile
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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