Two Sigma Securities LLC Has $2.33 Million Position in Microsoft Corporation (NASDAQ:MSFT)
Two Sigma Securities LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 117.3% during the first quarter, Holdings Channel reports. The firm owned 35,373 shares of the software giant’s stock after buying an additional 19,095 shares during the period. Microsoft Corporation comprises approximately 0.5% of Two Sigma Securities LLC’s investment portfolio, making the stock its 28th largest position. Two Sigma Securities LLC’s holdings in Microsoft Corporation were worth $2,330,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in MSFT. Norges Bank bought a new stake in Microsoft Corporation during the fourth quarter worth $4,334,099,000. Dodge & Cox bought a new stake in Microsoft Corporation during the fourth quarter worth $2,658,504,000. Viking Global Investors LP raised its stake in Microsoft Corporation by 60.6% in the fourth quarter. Viking Global Investors LP now owns 21,950,056 shares of the software giant’s stock worth $1,363,976,000 after buying an additional 8,282,782 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Microsoft Corporation during the fourth quarter worth $371,918,000. Finally, Janus Capital Management LLC raised its stake in Microsoft Corporation by 9.4% in the fourth quarter. Janus Capital Management LLC now owns 49,271,731 shares of the software giant’s stock worth $3,061,887,000 after buying an additional 4,250,705 shares during the period. 72.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Microsoft Corporation (MSFT) traded up 1.53% on Friday, reaching $72.50. The company’s stock had a trading volume of 21,443,675 shares. The firm has a 50 day moving average price of $71.70 and a 200-day moving average price of $67.95. Microsoft Corporation has a 12-month low of $55.61 and a 12-month high of $74.42. The stock has a market cap of $558.41 billion, a PE ratio of 26.75 and a beta of 1.01.
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, beating analysts’ consensus estimates 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 return on equity of 36.81% and a net margin of 23.57%. The company’s revenue was up 9.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.69 earnings per share. Equities research analysts expect that Microsoft Corporation will post $3.22 EPS for the current year.
The business 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 annualized dividend and a yield of 2.15%. The ex-dividend date is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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A number of analysts have recently weighed in on MSFT shares. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a research note on Monday, July 10th. Raymond James Financial, Inc. reissued a “strong-buy” rating and set a $77.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research note on Monday, May 1st. Pacific Crest reissued a “buy” rating and set a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price objective for the company in a research note on Wednesday, May 17th. Finally, Goldman Sachs Group, Inc. (The) increased their price objective on Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, April 28th. Two 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 an average rating of “Buy” and a consensus target price of $76.15.
In related news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 4,927 shares of the firm’s stock in a transaction dated Thursday, May 25th. The stock was 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 $14,718,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,060,855 shares of company stock worth $512,251,908. 2.99% of the stock is 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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