Plancorp LLC Buys 536 Shares of Microsoft Corporation (MSFT)
Plancorp LLC boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 29,753 shares of the software giant’s stock after purchasing an additional 536 shares during the period. Microsoft Corporation comprises approximately 0.6% of Plancorp LLC’s investment portfolio, making the stock its 29th biggest position. Plancorp LLC’s holdings in Microsoft Corporation were worth $2,050,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Investec Asset Management LTD increased its holdings in 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 valued at $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp increased its holdings 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 valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Steadfast Capital Management LP increased its holdings in Microsoft Corporation by 63.0% in the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the period. Oppenheimer Asset Management Inc. acquired a new stake in Microsoft Corporation in the first quarter valued at $99,933,000. Finally, Boston Partners increased its holdings in Microsoft Corporation by 14.1% in the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock valued at $762,607,000 after purchasing an additional 1,435,233 shares during the period. Institutional investors and hedge funds own 73.37% of the company’s stock.
In other Microsoft Corporation news, CFO Amy Hood sold 55,000 shares of the firm’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now owns 510,217 shares of the company’s stock, valued at approximately $37,097,878.07. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s 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 in the company, valued at approximately $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 three months. Insiders own 2.99% of the company’s stock.
Shares of Microsoft Corporation (MSFT) traded up 0.764% during midday trading on Friday, hitting $78.505. 5,981,730 shares of the stock were exchanged. Microsoft Corporation has a 12 month low of $57.28 and a 12 month high of $78.57. The firm has a 50 day moving average of $75.19 and a 200-day moving average of $71.41. The stock has a market cap of $604.66 billion, a P/E ratio of 28.969 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.69 EPS. Equities research analysts anticipate that Microsoft Corporation will post $3.19 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given 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 of this dividend is Wednesday, November 15th. This represents a $1.68 dividend on an annualized basis and a yield of 2.16%. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
MSFT has been the subject of a number of recent research reports. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Morgan Stanley restated an “overweight” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Thursday, July 13th. Stifel Nicolaus restated a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a report on Sunday, July 9th. Cowen and Company restated an “outperform” rating and issued a $80.00 price objective (up from $78.00) on shares of Microsoft Corporation in a report on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-eight have assigned a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $77.66.
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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