Microsoft Corporation (MSFT) Shares Bought by Novare Capital Management LLC

Novare Capital Management LLC boosted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 1.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 105,651 shares of the software giant’s stock after acquiring an additional 1,367 shares during the period. Microsoft Corporation accounts for 1.6% of Novare Capital Management LLC’s holdings, making the stock its 13th biggest position. Novare Capital Management LLC’s holdings in Microsoft Corporation were worth $7,283,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp raised its stake in Microsoft Corporation by 0.8% in the 1st 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. Schwab Charles Investment Management Inc. raised its stake in Microsoft Corporation by 2.3% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock valued at $1,907,648,000 after acquiring an additional 638,798 shares during the period. Fisher Asset Management LLC raised its stake in Microsoft Corporation by 1.1% in the 1st quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after acquiring an additional 199,259 shares during the period. Sanders Capital LLC raised its stake in Microsoft Corporation by 2.4% in the 2nd quarter. Sanders Capital LLC now owns 12,143,596 shares of the software giant’s stock valued at $924,807,000 after acquiring an additional 287,200 shares during the period. Finally, Boston Partners raised its stake in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after acquiring an additional 1,435,233 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.

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Microsoft Corporation (NASDAQ MSFT) opened at $83.93 on Tuesday. 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 firm has a market capitalization of $647,022.69, a price-to-earnings ratio of 24.81, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the firm earned $0.76 earnings per share. The business’s revenue was up 11.7% on a year-over-year basis. equities analysts expect that Microsoft Corporation will post 3.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.42 dividend. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.00%. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s payout ratio is currently 53.06%.

In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction on Tuesday, August 29th. The stock was 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 in the company, valued at $37,097,878.07. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total value 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. In the last three months, insiders sold 100,763 shares of company stock worth $7,574,552. Insiders own 1.49% of the company’s stock.

A number of equities research analysts recently weighed in on MSFT shares. Sanford C. Bernstein set a $87.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Canaccord Genuity restated a “hold” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research note on Friday, September 15th. Royal Bank Of Canada reiterated an “outperform” rating and set a $88.00 price objective (up previously from $85.00) on shares of Microsoft Corporation in a research report on Friday, October 27th. Evercore ISI reiterated a “buy” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Friday, August 18th. Finally, UBS AG set a $105.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research report on Thursday, November 9th. Two investment 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 currently has a consensus rating of “Buy” and an average target price of $83.86.

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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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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