Good Life Advisors LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 30.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 11,091 shares of the software giant’s stock after buying an additional 2,570 shares during the quarter. Good Life Advisors LLC’s holdings in Microsoft Corporation were worth $730,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of MSFT. FFT Wealth Management LLC grew its holdings in Microsoft Corporation by 10.0% in the 4th quarter. FFT Wealth Management LLC now owns 5,500 shares of the software giant’s stock valued at $342,000 after buying an additional 500 shares in the last quarter. Clough Capital Partners L P grew its holdings in shares of Microsoft Corporation by 75.2% during the 4th quarter. Clough Capital Partners L P now owns 689,600 shares of the software giant’s stock worth $42,852,000 after purchasing an additional 296,000 shares during the period. ARS Investment Partners LLC purchased a new position in shares of Microsoft Corporation during the 4th quarter worth $25,483,000. Capital Guardian Trust Co. grew its holdings in shares of Microsoft Corporation by 8.3% during the 4th quarter. Capital Guardian Trust Co. now owns 3,189,163 shares of the software giant’s stock worth $198,175,000 after purchasing an additional 244,315 shares during the period. Finally, Empire Life Investments Inc. purchased a new position in shares of Microsoft Corporation during the 4th quarter worth $26,822,000. Institutional investors own 73.40% of the company’s stock.
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In related news, CFO Amy Hood sold 55,000 shares of the stock in a transaction dated Tuesday, August 29th. The shares were 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 $37,097,878.07. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by corporate insiders.
MSFT has been the subject of a number of research analyst reports. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Credit Suisse Group reiterated an “outperform” rating on shares of Microsoft Corporation in a report on Thursday, August 31st. Royal Bank Of Canada set a $77.00 target price on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research lowered Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Finally, KeyCorp reissued a “buy” rating and set a $82.00 target price on shares of Microsoft Corporation in a research note on Sunday, September 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the stock. Microsoft Corporation currently has an average rating of “Buy” and a consensus target price of $76.72.
Microsoft Corporation (NASDAQ:MSFT) opened at 74.41 on Friday. The firm has a market cap of $573.12 billion, a PE ratio of 27.46 and a beta of 1.00. The company has a 50 day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation has a 1-year low of $56.32 and a 1-year high of $75.97. Microsoft Corporation also saw some unusual options trading on Wednesday. Stock investors purchased 29,563 put options on the stock. This is an increase of 118% compared to the typical daily volume of 13,565 put options.
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, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same period last year, the business posted $0.69 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Microsoft Corporation will post $3.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 2.26%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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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