Microsoft Corporation (NASDAQ:MSFT) Position Lowered by Richard Bernstein Advisors LLC
Richard Bernstein Advisors LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 9.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 263,846 shares of the software giant’s stock after selling 28,189 shares during the period. Microsoft Corporation makes up approximately 1.3% of Richard Bernstein Advisors LLC’s holdings, making the stock its 11th largest position. Richard Bernstein Advisors LLC’s holdings in Microsoft Corporation were worth $17,377,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in MSFT. Massmutual Trust Co. FSB ADV purchased a new position in Microsoft Corporation during the fourth quarter worth about $9,713,000. Harvest Fund Management Co. Ltd purchased a new position in Microsoft Corporation during the fourth quarter worth about $521,000. Highland Capital Management LP boosted its position in Microsoft Corporation by 9.0% in the fourth quarter. Highland Capital Management LP now owns 320,320 shares of the software giant’s stock worth $19,905,000 after buying an additional 26,530 shares during the period. Empirical Finance LLC purchased a new position in Microsoft Corporation during the fourth quarter worth about $228,000. Finally, Glovista Investments LLC purchased a new position in Microsoft Corporation during the fourth quarter worth about $254,000. Institutional investors and hedge funds own 72.86% of the company’s stock.
Microsoft Corporation (NASDAQ:MSFT) opened at 72.68 on Monday. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The company has a market capitalization of $560.22 billion, a PE ratio of 26.82 and a beta of 1.01. The company has a 50-day moving average of $71.23 and a 200-day moving average of $67.50.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.69 EPS. On average, equities research analysts anticipate that Microsoft Corporation will post $3.22 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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A number of research firms have issued reports on MSFT. Goldman Sachs Group, Inc. (The) reiterated a “buy” rating and set a $78.00 target price on shares of Microsoft Corporation in a report on Tuesday, May 9th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 target price on shares of Microsoft Corporation in a report on Friday, June 16th. Cowen and Company increased their target price on Microsoft Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a report on Friday, April 28th. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price for the company in a report on Monday, June 12th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a report on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $76.15.
In other news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the transaction, the executive vice president now owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at approximately $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 60,855 shares of company stock worth $4,331,908 in the last ninety days. 2.99% of the stock is currently owned by insiders.
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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