Somerset Trust Co grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 83,015 shares of the software giant’s stock after acquiring an additional 521 shares during the period. Microsoft Corporation accounts for 3.1% of Somerset Trust Co’s holdings, making the stock its largest position. Somerset Trust Co’s holdings in Microsoft Corporation were worth $5,722,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the business. Tompkins Financial Corp raised its position in shares of Microsoft Corporation by 21.1% in the first quarter. Tompkins Financial Corp now owns 104,748 shares of the software giant’s stock valued at $5,784,000 after buying an additional 18,225 shares in the last quarter. State of Wisconsin Investment Board raised its position in shares of Microsoft Corporation by 7.3% in the first quarter. State of Wisconsin Investment Board now owns 7,827,220 shares of the software giant’s stock valued at $515,501,000 after buying an additional 530,893 shares in the last quarter. HPM Partners LLC raised its position in shares of Microsoft Corporation by 293.5% in the first quarter. HPM Partners LLC now owns 161,065 shares of the software giant’s stock valued at $10,608,000 after buying an additional 120,135 shares in the last quarter. Cribstone Capital Management LLC raised its position in shares of Microsoft Corporation by 33.5% in the first quarter. Cribstone Capital Management LLC now owns 38,889 shares of the software giant’s stock valued at $2,554,000 after buying an additional 9,768 shares in the last quarter. Finally, Murphy Capital Management Inc. raised its position in shares of Microsoft Corporation by 3.9% in the first quarter. Murphy Capital Management Inc. now owns 74,816 shares of the software giant’s stock valued at $4,927,000 after buying an additional 2,776 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.

A number of research firms have recently weighed in on MSFT. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, September 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price target on shares of Microsoft Corporation in a research report on Monday, September 18th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target for the company. in a research report on Tuesday, September 12th. Canaccord Genuity reiterated a “hold” rating and issued a $76.00 price target on shares of Microsoft Corporation in a research report on Friday, September 15th. Finally, ValuEngine downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $77.44.

ILLEGAL ACTIVITY NOTICE: “Microsoft Corporation (MSFT) Holdings Raised by Somerset Trust Co” was first reported by Daily Political and is the sole property of of Daily Political. If you are viewing this news story on another publication, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this news story can be read at https://www.dailypolitical.com/2017/10/11/microsoft-corporation-msft-holdings-raised-by-somerset-trust-co.html.

Shares of Microsoft Corporation (NASDAQ:MSFT) traded down 0.2230% during trading on Wednesday, hitting $76.1199. 6,159,195 shares of the stock traded hands. The company has a 50 day moving average price of $74.32 and a 200 day moving average price of $70.89. Microsoft Corporation has a 12 month low of $56.32 and a 12 month high of $76.63. The firm has a market cap of $259.36 billion, a price-to-earnings ratio of 28.0885 and a beta of 1.01.

Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results 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 firm 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%. The company’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 firm posted $0.69 EPS. Analysts anticipate that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Microsoft Corporation’s payout ratio is presently 57.78%.

In related news, insider G Mason Morfit sold 7,000,000 shares of Microsoft Corporation stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction dated Tuesday, July 25th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at $40,261,920. The disclosure for this sale can be found here. Insiders have sold a total of 7,108,526 shares of company stock worth $515,879,974 in the last ninety days. Insiders own 2.99% of the company’s stock.

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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with MarketBeat.com's FREE daily email newsletter.