Microsoft Corp. (MSFT) Position Raised by Harel Insurance Investments & Financial Services Ltd.
Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 40.2% during the second quarter, Holdings Channel reports. The firm owned 90,435 shares of the software giant’s stock after buying an additional 25,928 shares during the period. Harel Insurance Investments & Financial Services Ltd.’s holdings in Microsoft Corp. were worth $4,628,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Nicolet Bankshares Inc. raised its stake in shares of Microsoft Corp. by 0.7% in the first quarter. Nicolet Bankshares Inc. now owns 22,063 shares of the software giant’s stock valued at $1,219,000 after buying an additional 164 shares in the last quarter. Bridge Creek Capital Management LLC raised its stake in shares of Microsoft Corp. by 1.5% in the first quarter. Bridge Creek Capital Management LLC now owns 58,974 shares of the software giant’s stock valued at $3,257,000 after buying an additional 900 shares during the period. First Hawaiian Bank raised its stake in shares of Microsoft Corp. by 1.4% in the first quarter. First Hawaiian Bank now owns 9,590 shares of the software giant’s stock valued at $530,000 after buying an additional 129 shares during the period. M. Kraus & Co raised its stake in shares of Microsoft Corp. by 5.6% in the first quarter. M. Kraus & Co now owns 92,219 shares of the software giant’s stock valued at $3,749,000 after buying an additional 4,921 shares during the period. Finally, Iberiabank Corp raised its stake in shares of Microsoft Corp. by 6.5% in the first quarter. Iberiabank Corp now owns 85,175 shares of the software giant’s stock valued at $4,704,000 after buying an additional 5,165 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded down 0.26% during trading on Wednesday, reaching $57.04. The company had a trading volume of 11,372,111 shares. Microsoft Corp. has a 52 week low of $46.53 and a 52 week high of $58.70. The company has a market capitalization of $444.49 billion, a PE ratio of 27.16 and a beta of 1.09. The stock’s 50-day moving average price is $57.48 and its 200-day moving average price is $54.39.
Microsoft Corp. (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. The company had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. During the same period in the prior year, the firm earned $0.60 earnings per share. On average, equities analysts expect that Microsoft Corp. will post $2.89 EPS for the current fiscal 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 given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.73%. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s dividend payout ratio is currently 70.24%.
Several equities research analysts recently weighed in on the company. Vetr raised Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.13 price objective for the company in a report on Tuesday, June 14th. BMO Capital Markets reissued a “buy” rating and issued a $57.00 price objective on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura reissued a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Sanford C. Bernstein set a $69.00 price objective on Microsoft Corp. and gave the stock a “buy” rating in a report on Thursday, July 21st. Finally, JPMorgan Chase & Co. reissued a “hold” rating and issued a $50.00 price objective on shares of Microsoft Corp. in a report on Monday, July 18th. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $59.42.
In other news, Director William H. Gates III sold 2,500,000 shares of the company’s stock in a transaction on Thursday, July 21st. The stock was sold at an average price of $55.94, for a total transaction of $139,850,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider G Mason Morfit sold 18,000,000 shares of the company’s 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 disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
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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