Verde Servicos Internacionais S.A. Cuts Stake in Microsoft Corp. (MSFT)
Verde Servicos Internacionais S.A. cut its stake in Microsoft Corp. (NASDAQ:MSFT) by 41.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 510,133 shares of the software giant’s stock after selling 355,938 shares during the period. Microsoft Corp. comprises 2.3% of Verde Servicos Internacionais S.A.’s holdings, making the stock its 19th largest position. Verde Servicos Internacionais S.A.’s holdings in Microsoft Corp. were worth $26,103,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Invictus RG acquired a new position in shares of Microsoft Corp. during the first quarter worth about $107,000. Wrapmanager Inc. acquired a new position in shares of Microsoft Corp. during the first quarter worth about $205,000. CLS Investments LLC increased its position in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares during the last quarter. Northstar Group Inc. increased its position in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock worth $202,000 after buying an additional 14 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its position in shares of Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock worth $239,000 after buying an additional 179 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.42% during trading on Monday, hitting $58.04. The stock had a trading volume of 18,196,509 shares. The stock’s 50-day moving average is $57.49 and its 200-day moving average is $54.37. Microsoft Corp. has a 12-month low of $46.53 and a 12-month high of $58.70. The stock has a market cap of $452.28 billion, a price-to-earnings ratio of 27.64 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period last year, the firm earned $0.60 earnings per share. On average, equities research analysts expect that Microsoft Corp. will post $2.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.39 dividend. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.69%. The ex-dividend date is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
MSFT has been the topic of a number of research analyst reports. Vetr raised Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.64 price target on the stock in a report on Monday, July 11th. Sanford C. Bernstein set a $68.00 price target on Microsoft Corp. and gave the company a “buy” rating in a report on Friday, July 15th. Citigroup Inc. upped their price target on Microsoft Corp. from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, July 7th. Stifel Nicolaus upped their price target on Microsoft Corp. from $58.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, July 20th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $65.00 price target on shares of Microsoft Corp. in a report on Saturday, June 25th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twenty have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $59.41.
In related news, insider G Mason Morfit sold 18,000,000 shares of the stock in a transaction on Thursday, July 28th. The stock was sold at an average price of $56.12, for a total value of $1,010,160,000.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 120,000 shares of the stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.86, for a total value of $6,943,200.00. Following the completion of the transaction, the chief financial officer now directly owns 523,425 shares in the company, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. 3.76% of the stock is owned by insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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