Majedie Asset Management Ltd decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 12.3% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 195,512 shares of the software giant’s stock after selling 27,422 shares during the period. Microsoft Corporation comprises about 1.3% of Majedie Asset Management Ltd’s investment portfolio, making the stock its 16th biggest holding. Majedie Asset Management Ltd’s holdings in Microsoft Corporation were worth $13,477,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Northeast Financial Consultants Inc boosted its stake in Microsoft Corporation by 17.4% in the 2nd quarter. Northeast Financial Consultants Inc now owns 10,100 shares of the software giant’s stock worth $696,000 after purchasing an additional 1,500 shares during the period. Tompkins Financial Corp boosted its stake in Microsoft Corporation by 21.1% in the 1st quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock worth $5,784,000 after purchasing an additional 18,225 shares during the period. State of Wisconsin Investment Board boosted its stake in Microsoft Corporation by 7.3% in the 1st quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after purchasing an additional 530,893 shares during the period. Taylor Cottrill Erickson & Associates Inc. boosted its stake in Microsoft Corporation by 1.4% in the 2nd quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock worth $4,519,000 after purchasing an additional 900 shares during the period. Finally, HPM Partners LLC boosted its stake in shares of Microsoft Corporation by 293.5% during the 1st quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after buying an additional 120,135 shares during the period. 73.35% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period last year, the company posted $0.76 EPS. The firm’s quarterly revenue was up 11.7% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.42 dividend. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 53.06%.
A number of equities research analysts have issued reports on the stock. Oppenheimer Holdings, Inc. lifted their target price on shares of Microsoft Corporation from $80.00 to $92.00 and gave the company an “outperform” rating in a research note on Tuesday. Argus raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and lifted their target price for the company from $57.28 to $95.00 in a research note on Tuesday. Zacks Investment Research raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $94.00 target price for the company in a research note on Tuesday. Vetr raised shares of Microsoft Corporation from a “sell” rating to a “hold” rating and set a $82.07 target price for the company in a research note on Tuesday. Finally, Stifel Nicolaus lifted their target price on shares of Microsoft Corporation from $85.00 to $90.00 and gave the company a “buy” rating in a research note on Monday. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company. Microsoft Corporation has a consensus rating of “Buy” and a consensus price target of $82.61.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’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 owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 7,081,763 shares of company stock worth $513,899,512. 1.49% of the stock is currently owned by corporate insiders.
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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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