Lee Financial Co lifted its stake in Microsoft Corporation (NASDAQ:MSFT) by 3.9% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,567 shares of the software giant’s stock after purchasing an additional 324 shares during the quarter. Lee Financial Co’s holdings in Microsoft Corporation were worth $591,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Hefty Wealth Partners raised its holdings in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after acquiring an additional 653 shares during the last quarter. Asset Planning Services Ltd. raised its holdings in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after acquiring an additional 837 shares during the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter worth approximately $132,000. Opera Trading Capital raised its holdings in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after acquiring an additional 2,283 shares during the last quarter. Finally, Baystate Wealth Management LLC raised its holdings in Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock worth $184,000 after acquiring an additional 374 shares during the last quarter. 73.35% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) opened at 83.18 on Wednesday. Microsoft Corporation has a 52-week low of $57.28 and a 52-week high of $86.20. The company has a 50-day moving average of $76.60 and a 200-day moving average of $72.32. The stock has a market capitalization of $640.67 billion, a price-to-earnings ratio of 30.69 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. The company had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. Microsoft Corporation’s revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. Equities research analysts anticipate that Microsoft Corporation will post $3.36 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.02%. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. Microsoft Corporation’s payout ratio is presently 53.06%.
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MSFT has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morningstar, Inc. restated a “neutral” rating on shares of Microsoft Corporation in a report on Monday, October 16th. Credit Suisse Group restated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Monday, July 10th. Finally, Zacks Investment Research lowered shares of Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a report on Monday, July 24th. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $82.61.
In other news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the sale, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Insiders sold a total of 7,081,763 shares of company stock worth $513,899,512 over the last quarter. 1.49% of the stock is currently owned by company insiders.
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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