Microsoft Corporation (MSFT) is First Financial Corp IN’s 9th Largest Position
First Financial Corp IN decreased its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 35,345 shares of the software giant’s stock after selling 332 shares during the quarter. Microsoft Corporation comprises approximately 1.5% of First Financial Corp IN’s portfolio, making the stock its 9th biggest holding. First Financial Corp IN’s holdings in Microsoft Corporation were worth $2,436,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in the business. State Street Corp raised its position in 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 acquiring an additional 2,552,473 shares in the last quarter. Schwab Charles Investment Management Inc. raised its position in Microsoft Corporation by 2.3% in the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after acquiring an additional 638,798 shares in the last quarter. Fisher Asset Management LLC raised its position in 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 worth $1,228,456,000 after acquiring an additional 199,259 shares in the last quarter. Sanders Capital LLC raised its position in Microsoft Corporation by 1.8% in the first quarter. Sanders Capital LLC now owns 11,856,396 shares of the software giant’s stock worth $803,298,000 after acquiring an additional 211,000 shares in the last quarter. Finally, Boston Partners raised its position in Microsoft Corporation by 14.1% in the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after acquiring an additional 1,435,233 shares in the last quarter. Hedge funds and other institutional investors own 73.40% of the company’s stock.
Microsoft Corporation (MSFT) traded up 0.9249% during midday trading on Thursday, reaching $77.1268. The company’s stock had a trading volume of 9,332,977 shares. The stock has a 50 day moving average of $74.41 and a 200 day moving average of $70.93. Microsoft Corporation has a 52 week low of $56.32 and a 52 week high of $77.29. The firm has a market capitalization of $594.05 billion, a PE ratio of 28.4601 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 the consensus estimate of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion during the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter in the prior year, the company earned $0.69 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date is Wednesday, November 15th. This represents a $1.68 annualized dividend and a yield of 2.20%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
A number of brokerages have recently weighed in on MSFT. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price target on shares of Microsoft Corporation in a research report on Monday, July 17th. Zacks Investment Research upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $78.00 price target for the company in a research report on Wednesday, July 12th. BidaskClub upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, July 11th. Royal Bank Of Canada set a $77.00 price target on Microsoft Corporation and gave the company a “buy” rating in a research report on Monday, July 10th. Finally, Morningstar, Inc. restated a “buy” rating on shares of Microsoft Corporation in a research report on Wednesday, June 28th. Two analysts have rated the stock with a sell rating, ten have issued 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 $77.44.
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In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction that occurred on Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the stock in a transaction that occurred on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total value of $3,999,050.00. Following the sale, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,108,526 shares of company stock valued at $515,879,974. 2.99% of the stock is owned by corporate 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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