Aperio Group LLC Acquires 305,877 Shares of Microsoft Corporation (MSFT)
Aperio Group LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 8.0% during the second quarter, Holdings Channel reports. The fund owned 4,114,406 shares of the software giant’s stock after buying an additional 305,877 shares during the period. Microsoft Corporation accounts for 1.7% of Aperio Group LLC’s investment portfolio, making the stock its 2nd largest position. Aperio Group LLC’s holdings in Microsoft Corporation were worth $283,606,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Chemung Canal Trust Co. increased its stake in shares of Microsoft Corporation by 1.6% in the second quarter. Chemung Canal Trust Co. now owns 171,365 shares of the software giant’s stock valued at $11,812,000 after buying an additional 2,772 shares during the last quarter. Atlas Brown Inc. increased its stake in shares of Microsoft Corporation by 15.7% in the second quarter. Atlas Brown Inc. now owns 18,908 shares of the software giant’s stock valued at $1,303,000 after buying an additional 2,566 shares during the last quarter. Fruth Investment Management increased its stake in shares of Microsoft Corporation by 0.4% in the second quarter. Fruth Investment Management now owns 30,451 shares of the software giant’s stock valued at $2,098,000 after buying an additional 111 shares during the last quarter. Main Street Research LLC increased its stake in shares of Microsoft Corporation by 32.0% in the second quarter. Main Street Research LLC now owns 11,021 shares of the software giant’s stock valued at $760,000 after buying an additional 2,673 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in shares of Microsoft Corporation by 2.1% in the second quarter. North Star Investment Management Corp. now owns 116,128 shares of the software giant’s stock valued at $8,005,000 after buying an additional 2,415 shares during the last quarter. 72.86% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Corporation (MSFT) traded up 1.53% during midday trading on Friday, hitting $72.50. 21,443,675 shares of the stock were exchanged. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42. The firm has a market capitalization of $558.41 billion, a P/E ratio of 26.75 and a beta of 1.01. The firm’s 50-day moving average price is $71.70 and its 200 day moving average price is $67.95.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the prior year, the company posted $0.69 EPS. Analysts expect that Microsoft Corporation will post $3.22 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s payout ratio is currently 57.78%.
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Several analysts recently commented on the company. Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday. BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, August 5th. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Friday, August 4th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price objective on the stock in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have given a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $76.15.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction that occurred on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 7,060,855 shares of company stock worth $512,251,908 over the last 90 days. 2.99% of the stock is currently owned by corporate insiders.
About Microsoft Corporation
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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