Balasa Dinverno & Foltz LLC Raises Stake in Microsoft Corporation (MSFT)
Balasa Dinverno & Foltz LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT) by 9.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 46,890 shares of the software giant’s stock after buying an additional 4,064 shares during the quarter. Microsoft Corporation accounts for about 0.5% of Balasa Dinverno & Foltz LLC’s portfolio, making the stock its 13th largest position. Balasa Dinverno & Foltz LLC’s holdings in Microsoft Corporation were worth $3,232,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently added to or reduced their stakes in MSFT. Investec Asset Management LTD lifted its stake 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 buying an additional 2,754,877 shares during the period. State Street Corp lifted its stake 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 buying an additional 2,552,473 shares during the period. Steadfast Capital Management LP lifted its stake 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 buying an additional 1,548,108 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Microsoft Corporation in the first quarter valued at about $99,933,000. Finally, Boston Partners lifted its stake 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 buying an additional 1,435,233 shares during the period. 73.37% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, insider Jean Philippe Courtois sold 26,763 shares of the stock in a transaction 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 transaction, the insider now owns 544,080 shares of the company’s stock, valued at $40,261,920. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the stock in a transaction 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. Insiders sold 7,108,526 shares of company stock worth $515,879,974 in the last quarter. 2.99% of the stock is currently owned by company insiders.
Several equities analysts have weighed in on the company. Goldman Sachs Group, Inc. (The) set a $88.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Thursday. Royal Bank Of Canada set a $85.00 target price on Microsoft Corporation and gave the company a “buy” rating in a research note on Wednesday. Morningstar, Inc. reissued a “neutral” rating on shares of Microsoft Corporation in a research note on Monday, October 16th. Stifel Nicolaus reissued a “buy” rating on shares of Microsoft Corporation in a research note on Thursday, October 12th. Finally, Canaccord Genuity raised Microsoft Corporation from a “hold” rating to a “buy” rating and increased their target price for the company from $76.00 to $86.00 in a research note on Thursday, October 5th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and twenty-eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $77.66.
Microsoft Corporation (NASDAQ:MSFT) opened at 78.81 on Friday. The stock has a 50 day moving average price of $75.30 and a 200 day moving average price of $71.50. The company has a market cap of $607.01 billion, a price-to-earnings ratio of 29.08 and a beta of 1.01. Microsoft Corporation has a 52 week low of $57.28 and a 52 week high of $78.97.
Microsoft Corporation (NASDAQ:MSFT) last issued 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. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The company had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. During the same quarter last year, the business posted $0.69 earnings per share. The firm’s revenue was up 9.1% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Corporation will post $3.19 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.13%. 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. Microsoft Corporation’s dividend payout ratio (DPR) is 57.78%.
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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