Guinness Atkinson Asset Management Inc continued to hold its position in shares of Microsoft Corporation (NASDAQ:MSFT) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,470 shares of the software giant’s stock at the end of the first quarter. Guinness Atkinson Asset Management Inc’s holdings in Microsoft Corporation were worth $229,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Asset Planning Services Ltd. boosted its position in shares of Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after buying an additional 837 shares in the last quarter. Pacific Center for Financial Services bought a new position in shares of Microsoft Corporation during the fourth quarter valued at about $155,000. Patriot Financial Group Insurance Agency LLC bought a new position in shares of Microsoft Corporation during the fourth quarter valued at about $161,000. Northwest Quadrant Wealth Management LLC bought a new position in shares of Microsoft Corporation during the fourth quarter valued at about $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in shares of Microsoft Corporation during the first quarter valued at about $209,000. Institutional investors own 72.86% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 72.79 on Wednesday. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The stock has a 50 day moving average of $71.41 and a 200 day moving average of $67.60. The company has a market cap of $561.07 billion, a price-to-earnings ratio of 26.86 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.69 earnings per share. Analysts forecast that Microsoft Corporation will post $3.22 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.39 per share. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 annualized dividend and a dividend yield of 2.14%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
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MSFT has been the topic of several research analyst reports. Goldman Sachs Group, Inc. (The) boosted their price target on shares of Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Morningstar, Inc. reiterated a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Morgan Stanley reiterated a “buy” rating and set a $72.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Pacific Crest restated a “buy” rating and issued a $70.00 price objective on shares of Microsoft Corporation in a report on Thursday, April 20th. Finally, Sanford C. Bernstein restated a “buy” rating and issued a $81.00 price objective on shares of Microsoft Corporation in a report on Friday, April 28th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have assigned a buy rating to the company. Microsoft Corporation currently has an average rating of “Buy” and an average target price of $76.15.
In other news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the sale, the executive vice president now owns 214,080 shares of the company’s stock, valued at $14,718,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total transaction of $207,330.00. Following the sale, the executive vice president now directly owns 216,507 shares in the company, valued at approximately $14,962,798.77. The disclosure for this sale can be found here. Insiders have sold 7,060,855 shares of company stock worth $512,251,908 in the last three months. Corporate insiders own 2.99% 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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