Clarkston Capital Partners LLC trimmed its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 625,468 shares of the software giant’s stock after selling 21,457 shares during the quarter. Microsoft Corporation makes up about 1.9% of Clarkston Capital Partners LLC’s portfolio, making the stock its 19th biggest position. Clarkston Capital Partners LLC’s holdings in Microsoft Corporation were worth $43,113,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Investec Asset Management LTD increased its holdings in Microsoft Corporation by 43.5% during the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp increased its holdings in Microsoft Corporation by 0.8% during the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Steadfast Capital Management LP increased its holdings in Microsoft Corporation by 63.0% during the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after purchasing an additional 1,548,108 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Microsoft Corporation during the 1st quarter worth $99,933,000. Finally, Boston Partners increased its holdings in Microsoft Corporation by 14.1% during the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after purchasing an additional 1,435,233 shares during the period. Hedge funds and other institutional investors own 73.40% of the company’s stock.
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MSFT has been the topic of several research reports. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, July 21st. Canaccord Genuity restated a “hold” rating and set a $76.00 price objective on shares of Microsoft Corporation in a report on Friday, September 15th. Evercore ISI restated a “buy” rating and set a $80.00 price objective on shares of Microsoft Corporation in a report on Friday, August 18th. Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a report on Wednesday, June 28th. Finally, Macquarie set a $77.00 price objective on Microsoft Corporation and gave the stock a “neutral” rating in a report on Friday, July 21st. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $77.44.
Shares of Microsoft Corporation (NASDAQ MSFT) traded down 0.203% during trading on Wednesday, hitting $76.135. The company had a trading volume of 6,174,080 shares. The firm has a market capitalization of $259.41 billion, a P/E ratio of 28.094 and a beta of 1.01. The stock’s 50-day moving average is $74.32 and its 200 day moving average is $70.89. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $76.63.
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 consensus estimate of $0.71 by $0.27. The firm 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 revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.69 earnings per share. Equities research analysts predict that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The company also recently declared 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 is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 annualized dividend and a yield of 2.20%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
In related news, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares of the company’s stock, valued at $39,776,406. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock valued at $515,879,974 over the last three months. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation Company 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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