RE Advisers Corp Maintains Stake in Microsoft Corporation (MSFT)
RE Advisers Corp held its position in shares of Microsoft Corporation (NASDAQ:MSFT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,971,000 shares of the software giant’s stock at the close of the second quarter. Microsoft Corporation comprises approximately 2.1% of RE Advisers Corp’s portfolio, making the stock its 13th biggest position. RE Advisers Corp’s holdings in Microsoft Corporation were worth $135,861,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Norges Bank bought a new position in shares of Microsoft Corporation in the fourth quarter worth approximately $4,334,099,000. Dodge & Cox bought a new position in shares of Microsoft Corporation in the fourth quarter worth approximately $2,658,504,000. Investec Asset Management LTD grew its holdings in shares of Microsoft Corporation by 43.5% in the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after purchasing an additional 2,754,877 shares during the last quarter. Putnam Investments LLC grew its holdings in shares of Microsoft Corporation by 18.3% in the fourth quarter. Putnam Investments LLC now owns 16,572,302 shares of the software giant’s stock worth $1,029,802,000 after purchasing an additional 2,568,932 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Microsoft Corporation by 0.8% in the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. 73.47% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have recently issued reports on MSFT shares. Sanford C. Bernstein restated an “outperform” rating and issued a $81.00 target price on shares of Microsoft Corporation in a report on Wednesday, May 17th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 target price on the stock in a report on Wednesday, May 17th. Canaccord Genuity restated a “buy” rating and issued a $68.00 target price on shares of Microsoft Corporation in a report on Monday, May 22nd. Royal Bank Of Canada restated a “buy” rating and issued a $77.00 target price on shares of Microsoft Corporation in a report on Monday, May 29th. Finally, Cowen and Company restated an “outperform” rating and issued a $76.00 target price on shares of Microsoft Corporation in a report on Wednesday, May 31st. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirty have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $76.72.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total value of $507,920,000.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total value of $1,980,462.00. Following the completion of the sale, the insider now 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 7,108,526 shares of company stock worth $515,879,974 in the last three months. 2.99% of the stock is currently owned by corporate insiders.
Microsoft Corporation (MSFT) traded down 0.16% during mid-day trading on Thursday, reaching $75.09. The company’s stock had a trading volume of 7,391,914 shares. Microsoft Corporation has a 12-month low of $55.98 and a 12-month high of $75.49. The stock has a market cap of $578.36 billion, a price-to-earnings ratio of 27.71 and a beta of 1.00. The firm’s 50 day moving average price is $73.16 and its 200 day moving average price is $69.41.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data 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 company 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 firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share. On average, equities analysts predict that Microsoft Corporation will post $3.17 earnings per share for the current year.
Microsoft Corporation 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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