Moloney Securities Asset Management LLC Buys 4,348 Shares of Microsoft Corporation (MSFT)
Moloney Securities Asset Management LLC lifted its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 10.6% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,205 shares of the software giant’s stock after purchasing an additional 4,348 shares during the quarter. Microsoft Corporation comprises about 1.6% of Moloney Securities Asset Management LLC’s investment portfolio, making the stock its 8th largest position. Moloney Securities Asset Management LLC’s holdings in Microsoft Corporation were worth $3,116,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors also recently bought and sold shares of the company. Investec Asset Management LTD grew its stake in Microsoft Corporation by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after acquiring an additional 2,754,877 shares during the last quarter. State Street Corp grew its stake in Microsoft Corporation by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after acquiring an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP grew its stake in Microsoft Corporation by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after acquiring an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Microsoft Corporation in the 1st quarter valued at about $99,933,000. Finally, Boston Partners grew its stake in Microsoft Corporation by 14.1% in the 1st quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after acquiring an additional 1,435,233 shares during the last quarter. 73.40% of the stock is currently owned by institutional investors and hedge funds.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on 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 completion of the transaction, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on 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. Over the last quarter, 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.
Shares of Microsoft Corporation (MSFT) traded up 0.93% during midday trading on Thursday, hitting $77.13. The stock had a trading volume of 9,336,520 shares. The firm’s 50-day moving average is $74.41 and its 200 day moving average is $70.93. The company has a market capitalization of $594.07 billion, a PE ratio of 28.46 and a beta of 1.01. Microsoft Corporation has a one year low of $56.31 and a one year high of $77.29.
Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during 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%. Microsoft Corporation’s quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the company earned $0.69 earnings per share. Equities analysts expect that Microsoft Corporation will post $3.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 15th. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.20%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
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A number of equities research analysts recently commented on the stock. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft Corporation in a research note on Thursday. Royal Bank Of Canada set a $77.00 price target on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, September 18th. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price target on the stock. in a research note on Tuesday, September 12th. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 price target on shares of Microsoft Corporation in a research note on Friday, September 15th. Finally, ValuEngine cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $77.44.
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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