First Houston Capital Inc. increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 68.1% during the third quarter, Holdings Channel reports. The institutional investor owned 34,800 shares of the software giant’s stock after buying an additional 14,100 shares during the period. Microsoft Corporation accounts for 2.0% of First Houston Capital Inc.’s holdings, making the stock its 23rd largest position. First Houston Capital Inc.’s holdings in Microsoft Corporation were worth $2,004,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the stock. Tesco Pension Investment Ltd bought a new stake in shares of Microsoft Corporation during the third quarter worth $170,936,000. Berkshire Asset Management LLC PA raised its stake in Microsoft Corporation by 8.2% in the second quarter. Berkshire Asset Management LLC PA now owns 343,893 shares of the software giant’s stock worth $17,597,000 after buying an additional 26,037 shares in the last quarter. Acadian Asset Management LLC raised its stake in Microsoft Corporation by 53.6% in the second quarter. Acadian Asset Management LLC now owns 2,726,637 shares of the software giant’s stock worth $139,523,000 after buying an additional 951,208 shares in the last quarter. Sandy Spring Bank raised its stake in Microsoft Corporation by 3.4% in the third quarter. Sandy Spring Bank now owns 277,037 shares of the software giant’s stock worth $16,003,000 after buying an additional 9,165 shares in the last quarter. Finally, Portfolio Solutions LLC acquired a new stake in Microsoft Corporation during the second quarter worth approximately $302,000. 72.41% of the stock is owned by institutional investors and hedge funds.
Microsoft Corporation (NASDAQ:MSFT) opened at 64.00 on Friday. The company has a 50-day moving average of $63.25 and a 200 day moving average of $59.84. Microsoft Corporation has a 52 week low of $48.04 and a 52 week high of $65.91. The company has a market cap of $494.56 billion, a P/E ratio of 30.12 and a beta of 1.08.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, January 26th. The software giant reported $0.84 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.79 by $0.05. The firm earned $26.07 billion during the quarter, compared to analyst estimates of $25.13 billion. Microsoft Corporation had a net margin of 19.57% and a return on equity of 32.12%. The business’s quarterly revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 EPS. On average, equities analysts forecast that Microsoft Corporation will post $2.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.44%. Microsoft Corporation’s payout ratio is 73.59%.
A number of research firms have commented on MSFT. Wunderlich raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and lifted their target price for the stock from $60.00 to $70.00 in a report on Friday, October 21st. Jefferies Group LLC lifted their target price on shares of Microsoft Corporation from $43.00 to $45.00 and gave the stock an “underperform” rating in a report on Friday, January 27th. William Blair reaffirmed an “outperform” rating on shares of Microsoft Corporation in a report on Tuesday, December 13th. Sanford C. Bernstein set a $76.00 target price on shares of Microsoft Corporation and gave the stock a “buy” rating in a report on Friday, January 27th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and set a $68.00 target price on shares of Microsoft Corporation in a report on Friday, January 20th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Microsoft Corporation presently has a consensus rating of “Buy” and a consensus target price of $67.17.
In related news, insider Frank H. Brod sold 7,500 shares of the company’s stock in a transaction on Monday, January 30th. The shares were sold at an average price of $65.35, for a total transaction of $490,125.00. Following the completion of the sale, the insider now directly owns 114,008 shares in the company, valued at approximately $7,450,422.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider G Mason Morfit sold 11,000,000 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $63.32, for a total transaction of $696,520,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,026,083 shares of company stock valued at $957,418,717. Company insiders own 2.99% of the company’s stock.
About Microsoft Corporation
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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