Quantitative Systematic Strategies LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT) during the third quarter, Holdings Channel reports. The firm acquired 37,316 shares of the software giant’s stock, valued at approximately $2,142,000. Microsoft Corporation accounts for about 0.8% of Quantitative Systematic Strategies LLC’s investment portfolio, making the stock its 13th largest position.
A number of other large investors have also modified their holdings of MSFT. Lynch & Associates IN raised its stake in shares of Microsoft Corporation by 0.5% in the second quarter. Lynch & Associates IN now owns 150,204 shares of the software giant’s stock worth $7,686,000 after buying an additional 748 shares during the period. Oakworth Capital Inc. raised its position in shares of Microsoft Corporation by 1.2% in the second quarter. Oakworth Capital Inc. now owns 35,581 shares of the software giant’s stock valued at $1,886,000 after buying an additional 426 shares during the last quarter. Capital Planning Advisors LLC raised its position in shares of Microsoft Corporation by 22.9% in the second quarter. Capital Planning Advisors LLC now owns 85,863 shares of the software giant’s stock valued at $4,394,000 after buying an additional 16,000 shares during the last quarter. Private Wealth Advisors Inc. raised its position in shares of Microsoft Corporation by 1.3% in the second quarter. Private Wealth Advisors Inc. now owns 39,162 shares of the software giant’s stock valued at $2,004,000 after buying an additional 519 shares during the last quarter. Finally, Gilman Hill Asset Management LLC raised its position in shares of Microsoft Corporation by 20.1% in the second quarter. Gilman Hill Asset Management LLC now owns 9,781 shares of the software giant’s stock valued at $500,000 after buying an additional 1,640 shares during the last quarter. Hedge funds and other institutional investors own 72.29% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) opened at 64.72 on Tuesday. The stock has a 50 day moving average price of $63.30 and a 200 day moving average price of $59.96. Microsoft Corporation has a 1-year low of $48.03 and a 1-year high of $65.91. The company has a market capitalization of $500.13 billion, a price-to-earnings ratio of 30.46 and a beta of 1.08.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, January 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.05. The company had revenue of $26.07 billion for 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%. Microsoft Corporation’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. Analysts forecast that Microsoft Corporation will post $2.97 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Thursday, February 16th will be issued a dividend of $0.39 per share. The ex-dividend date is Tuesday, February 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.41%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 73.59%.
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Several brokerages have recently commented on MSFT. Vetr upgraded Microsoft Corporation from a “hold” rating to a “buy” rating and set a $66.34 target price for the company in a research report on Wednesday, February 1st. Atlantic Securities upgraded Microsoft Corporation from an “underweight” rating to a “neutral” rating in a research report on Tuesday, January 31st. Zacks Investment Research lowered Microsoft Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Oppenheimer Holdings, Inc. reiterated an “outperform” rating and issued a $70.00 target price on shares of Microsoft Corporation in a research report on Tuesday, January 31st. Finally, Hilliard Lyons lifted their target price on Microsoft Corporation from $59.00 to $64.00 and gave the stock a “neutral” rating in a research report on Monday, January 30th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $67.17.
In other news, Director William H. Gates III sold 2,000,000 shares of Microsoft Corporation stock in a transaction on Monday, January 30th. The shares were sold at an average price of $65.11, for a total transaction of $130,220,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider G Mason Morfit sold 11,000,000 shares of Microsoft Corporation stock in a transaction on Friday, February 3rd. The stock was 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. In the last quarter, insiders have sold 15,007,500 shares of company stock worth $956,330,125. 2.99% of the stock is owned by company insiders.
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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