Supplemental Annuity Collective Trust of NJ raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 90,000 shares of the software giant’s stock after purchasing an additional 2,000 shares during the quarter. Microsoft Corporation accounts for 2.8% of Supplemental Annuity Collective Trust of NJ’s investment portfolio, making the stock its 3rd biggest holding. Supplemental Annuity Collective Trust of NJ’s holdings in Microsoft Corporation were worth $6,204,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Northeast Financial Consultants Inc raised its position in Microsoft Corporation by 17.4% in the second 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 in the last quarter. State of Wisconsin Investment Board grew its stake in Microsoft Corporation by 7.3% during the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock worth $515,501,000 after buying an additional 530,893 shares during the last quarter. Taylor Cottrill Erickson & Associates Inc. grew its stake in Microsoft Corporation by 1.4% during the second quarter. Taylor Cottrill Erickson & Associates Inc. now owns 65,566 shares of the software giant’s stock worth $4,519,000 after buying an additional 900 shares during the last quarter. HPM Partners LLC grew its stake in Microsoft Corporation by 293.5% during the first quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock worth $10,608,000 after buying an additional 120,135 shares during the last quarter. Finally, Parkwood LLC grew its stake in Microsoft Corporation by 7.5% during the second quarter. Parkwood LLC now owns 104,284 shares of the software giant’s stock worth $7,188,000 after buying an additional 7,298 shares during the last quarter. Institutional investors and hedge funds own 73.37% of the company’s stock.
Several analysts have recently commented on the stock. ValuEngine raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Canaccord Genuity reissued a “buy” rating and set a $94.00 price target (up from $86.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Atlantic Securities set a $83.00 price objective on shares of Microsoft Corporation and gave the company a “neutral” rating in a research note on Friday, October 27th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Barclays PLC reaffirmed an “overweight” rating and issued a $89.00 price objective (up from $82.00) on shares of Microsoft Corporation in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $83.86.
In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on 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 sale, the insider now owns 537,519 shares in the company, valued at approximately $39,776,406. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Amy Hood sold 55,000 shares of the 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 completion of the sale, the chief financial officer now owns 510,217 shares in the company, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. Insiders have sold a total of 100,763 shares of company stock worth $7,574,552 in the last 90 days. 1.49% of the stock is currently owned by insiders.
Microsoft Corporation (MSFT) opened at $83.93 on Tuesday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $647,022.69, a P/E ratio of 24.81, a PEG ratio of 1.96 and a beta of 1.01. Microsoft Corporation has a 52-week low of $57.28 and a 52-week high of $86.20.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the company earned $0.76 EPS. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. sell-side analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current fiscal year.
The business 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 represents a $1.68 annualized dividend and a yield of 2.00%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
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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