Boston Common Asset Management LLC Acquires 19,945 Shares of Microsoft Corp. (MSFT)
Boston Common Asset Management LLC increased its stake in Microsoft Corp. (NASDAQ:MSFT) by 8.4% during the second quarter, Holdings Channel reports. The institutional investor owned 258,411 shares of the software giant’s stock after buying an additional 19,945 shares during the period. Boston Common Asset Management LLC’s holdings in Microsoft Corp. were worth $13,223,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Invictus RG acquired a new position in Microsoft Corp. during the first quarter worth approximately $107,000. Northstar Group Inc. increased its position in 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 period. Wrapmanager Inc. acquired a new position in Microsoft Corp. during the first quarter worth approximately $205,000. CLS Investments LLC increased its position in 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 period. Finally, Windward Capital Management Co. CA increased its position in 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 period. 71.58% of the stock is currently owned by institutional investors.
Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% during midday trading on Friday, hitting $57.42. 27,402,451 shares of the stock were exchanged. The firm has a 50-day moving average price of $57.40 and a 200-day moving average price of $54.45. Microsoft Corp. has a one year low of $47.02 and a one year high of $58.70. The stock has a market cap of $447.45 billion, a P/E ratio of 27.34 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts anticipate that Microsoft Corp. will post $2.89 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, November 15th. This is an increase from Microsoft Corp.’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 2.72%. Microsoft Corp.’s dividend payout ratio (DPR) is currently 70.24%.
A number of research firms have commented on MSFT. Vetr raised shares of Microsoft Corp. from a “buy” rating to a “strong-buy” rating and set a $57.32 target price on the stock in a research report on Tuesday, July 5th. Wunderlich lifted their price objective on shares of Microsoft Corp. from $55.00 to $60.00 and gave the stock a “hold” rating in a research report on Wednesday, July 20th. Sanford C. Bernstein set a $68.00 price objective on shares of Microsoft Corp. and gave the stock a “buy” rating in a research report on Monday, June 27th. Nomura reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Microsoft Corp. in a research report on Thursday, July 28th. Finally, Credit Agricole SA reaffirmed an “outperform” rating and issued a $60.00 price objective on shares of Microsoft Corp. in a research report on Wednesday, October 5th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $59.55.
In other Microsoft Corp. news, CEO Satya Nadella sold 143,000 shares of the firm’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total value of $8,289,710.00. Following the completion of the sale, the chief executive officer now owns 1,200,822 shares of the company’s stock, valued at $69,611,651.34. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 120,000 shares of the firm’s 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 sale, the chief financial officer now directly owns 523,425 shares of the company’s stock, valued at approximately $30,285,370.50. The disclosure for this sale can be found here. Corporate 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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