Addenda Capital Inc. Cuts Position in Microsoft Corporation (MSFT)

Addenda Capital Inc. decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 185,127 shares of the software giant’s stock after selling 15,234 shares during the period. Microsoft Corporation accounts for about 0.9% of Addenda Capital Inc.’s portfolio, making the stock its 27th largest position. Addenda Capital Inc.’s holdings in Microsoft Corporation were worth $12,192,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Gulf International Bank UK Ltd boosted its position in Microsoft Corporation by 1.5% in the first quarter. Gulf International Bank UK Ltd now owns 2,303,295 shares of the software giant’s stock valued at $151,695,000 after buying an additional 34,625 shares during the last quarter. Forte Capital LLC ADV boosted its position in Microsoft Corporation by 26.5% in the first quarter. Forte Capital LLC ADV now owns 13,663 shares of the software giant’s stock valued at $900,000 after buying an additional 2,860 shares during the last quarter. Stock Yards Bank & Trust Co. boosted its position in Microsoft Corporation by 101.4% in the first quarter. Stock Yards Bank & Trust Co. now owns 251,147 shares of the software giant’s stock valued at $16,540,000 after buying an additional 126,420 shares during the last quarter. Vista Capital Partners Inc. boosted its position in Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares during the last quarter. Finally, Berson & Corrado Investment Advisors LLC boosted its position in Microsoft Corporation by 1.1% in the first quarter. Berson & Corrado Investment Advisors LLC now owns 34,952 shares of the software giant’s stock valued at $2,302,000 after buying an additional 376 shares during the last quarter. Hedge funds and other institutional investors own 72.77% of the company’s stock.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

Microsoft Corporation (NASDAQ:MSFT) opened at 70.00 on Friday. The company has a 50 day moving average of $69.62 and a 200 day moving average of $65.40. Microsoft Corporation has a 1-year low of $48.03 and a 1-year high of $72.89. The firm has a market capitalization of $540.44 billion, a PE ratio of 30.89 and a beta of 0.99. Microsoft Corporation also was the recipient of some unusual options trading activity on Thursday. Traders acquired 11,523 put options on the company. This represents an increase of 244% compared to the typical daily volume of 3,347 put options.

Microsoft Corporation (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.04. Microsoft Corporation had a net margin of 20.42% and a return on equity of 33.75%. The firm had revenue of $23.56 billion for the quarter, compared to analyst estimates of $23.62 billion. During the same period last year, the firm posted $0.62 EPS. Microsoft Corporation’s quarterly revenue was up 6.3% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post $3.03 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.23%. Microsoft Corporation’s dividend payout ratio (DPR) is 69.03%.

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A number of brokerages have commented on MSFT. Global Equities Research reissued a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a research note on Tuesday. Bank of America Corporation restated a “buy” rating and issued a $75.00 target price on shares of Microsoft Corporation in a report on Friday. 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 Thursday, March 9th. BidaskClub lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 target price for the company in a report on Monday, June 12th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and a consensus target price of $69.98.

In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,694 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $69.00, for a total value of $1,841,886.00. Following the completion of the sale, the insider now owns 607,688 shares of the company’s stock, valued at $41,930,472. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction on Thursday, May 4th. The shares were sold at an average price of $68.85, for a total value of $481,950,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,060,786 shares of company stock worth $831,893,332. 2.99% of the stock is currently owned by 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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