Keel Point LLC Has $468,000 Position in Microsoft Corporation (NASDAQ:MSFT)
Keel Point LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 7,110 shares of the software giant’s stock after selling 104 shares during the period. Keel Point LLC’s holdings in Microsoft Corporation were worth $468,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Bristol Advisors LLC acquired a new stake in Microsoft Corporation during the fourth quarter worth approximately $2,486,000. Folger Hill Asset Management LP purchased a new stake in Microsoft Corporation during the fourth quarter valued at about $12,708,000. Baillie Gifford & Co. boosted its stake in Microsoft Corporation by 2.3% in the fourth quarter. Baillie Gifford & Co. now owns 355,250 shares of the software giant’s stock valued at $22,075,000 after buying an additional 7,863 shares during the last quarter. Cantab Capital Partners LLP boosted its stake in Microsoft Corporation by 25.3% in the fourth quarter. Cantab Capital Partners LLP now owns 33,051 shares of the software giant’s stock valued at $2,054,000 after buying an additional 6,664 shares during the last quarter. Finally, Sand Hill Global Advisors LLC boosted its stake in Microsoft Corporation by 1.9% in the fourth quarter. Sand Hill Global Advisors LLC now owns 79,308 shares of the software giant’s stock valued at $4,928,000 after buying an additional 1,451 shares during the last quarter. Hedge funds and other institutional investors own 72.86% of the company’s stock.
Microsoft Corporation (NASDAQ MSFT) traded up 1.53% during trading on Friday, reaching $72.50. 21,443,675 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $71.70 and a 200 day moving average price of $67.95. The stock has a market capitalization of $558.41 billion, a P/E ratio of 26.75 and a beta of 1.01. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion during 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%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the business earned $0.69 EPS. Equities research analysts expect that Microsoft Corporation will post $3.22 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is currently 57.78%.
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Several research firms recently issued reports on MSFT. BidaskClub cut Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, August 5th. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. Goldman Sachs Group, Inc. (The) set a $88.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, August 4th. Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a report on Friday. Finally, Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $77.30 price objective on the stock in a report on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.15.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $69.11, for a total transaction of $207,330.00. Following the completion of the transaction, the executive vice president now directly owns 216,507 shares of the company’s stock, valued at approximately $14,962,798.77. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the transaction, the executive vice president now directly owns 214,080 shares of the company’s stock, valued at $14,718,000. The disclosure for this sale can be found here. Over the last three months, insiders have sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company 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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