Usca Ria LLC Has $11.69 Million Position in Microsoft Corporation (MSFT)
Usca Ria LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 177,514 shares of the software giant’s stock after buying an additional 9,588 shares during the period. Microsoft Corporation accounts for 1.7% of Usca Ria LLC’s holdings, making the stock its 4th largest position. Usca Ria LLC’s holdings in Microsoft Corporation were worth $11,691,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $4,334,099,000. Dodge & Cox purchased a new stake in shares of Microsoft Corporation during the fourth quarter valued at about $2,658,504,000. Viking Global Investors LP increased its stake in shares of 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 valued at $1,363,976,000 after buying an additional 8,282,782 shares during the period. Fisher Asset Management LLC increased its stake in shares of Microsoft Corporation by 1.1% in the first quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock valued at $1,228,456,000 after buying an additional 199,259 shares during the period. Finally, Putnam Investments LLC increased its stake 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 valued at $1,029,802,000 after buying an additional 2,568,932 shares during the period. 72.64% of the stock is owned by institutional investors.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.18% during trading on Friday, reaching $72.82. The company had a trading volume of 12,794,301 shares. Microsoft Corporation has a 52-week low of $55.61 and a 52-week high of $74.42. The firm has a market capitalization of $560.88 billion, a P/E ratio of 26.87 and a beta of 1.01. The company has a 50 day moving average of $72.63 and a 200-day moving average of $68.58.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate 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 was up 9.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.69 EPS. Equities analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio is 57.78%.
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MSFT has been the subject of a number of recent analyst reports. Sanford C. Bernstein set a $87.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research report on Friday, July 21st. Evercore ISI reissued a “buy” rating and set a $80.00 price target on shares of Microsoft Corporation in a research report on Friday, August 18th. Morningstar, Inc. reissued a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Vetr downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $71.27 price target for the company. in a research report on Tuesday, May 23rd. Finally, Royal Bank Of Canada reissued a “buy” rating and set a $77.00 price target on shares of Microsoft Corporation in a research report on Monday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $76.26.
In other news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the transaction, the insider now directly owns 544,080 shares of the company’s stock, valued at approximately $40,261,920. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the business’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total value of $507,920,000.00. The disclosure for this sale can be found here. 2.99% of the stock is owned by insiders.
Microsoft Corporation Company 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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