Ironwood Investment Management LLC held its position in shares of Microsoft Corporation (NASDAQ:MSFT) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,124 shares of the software giant’s stock at the close of the 2nd quarter. Ironwood Investment Management LLC’s holdings in Microsoft Corporation were worth $284,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Investec Asset Management LTD boosted its position in shares of Microsoft Corporation by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after acquiring an additional 2,754,877 shares during the period. State Street Corp boosted its position in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after acquiring an additional 2,552,473 shares during the period. Harbour Capital Advisors LLC boosted its position in shares of Microsoft Corporation by 6,647.4% in the second quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after acquiring an additional 2,017,899 shares during the period. Steadfast Capital Management LP boosted its position in shares of Microsoft Corporation by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after acquiring an additional 1,548,108 shares during the period. Finally, Oppenheimer Asset Management Inc. bought a new stake in shares of Microsoft Corporation in the first quarter valued at approximately $99,933,000. 73.35% of the stock is owned by institutional investors.
MSFT has been the subject of a number of recent research reports. Stifel Nicolaus restated a “buy” rating and issued a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a research note on Wednesday, July 12th. Finally, Morgan Stanley restated an “overweight” rating and issued a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $83.02.
Shares of Microsoft Corporation (MSFT) opened at $84.14 on Friday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 1 year low of $57.28 and a 1 year high of $86.20. The stock has a market capitalization of $649.11 billion, a P/E ratio of 24.87, a P/E/G ratio of 1.97 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. Microsoft Corporation’s revenue for the quarter was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. equities analysts expect that Microsoft Corporation will post 3.37 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.42 per share. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. Microsoft Corporation’s payout ratio is 52.70%.
In other Microsoft Corporation news, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the transaction, the insider now owns 116,205 shares of the company’s stock, valued at approximately $9,770,516.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares in the company, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders have sold a total of 7,096,763 shares of company stock worth $515,160,712 in the last ninety days. Insiders own 1.49% 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.
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