Karpas Strategies LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,058 shares of the software giant’s stock after buying an additional 28 shares during the period. Karpas Strategies LLC’s holdings in Microsoft Corporation were worth $1,658,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Prospera Financial Services Inc boosted its position in Microsoft Corporation by 19.2% in the second quarter. Prospera Financial Services Inc now owns 38,268 shares of the software giant’s stock worth $2,629,000 after buying an additional 6,164 shares in the last quarter. BTIM Corp. boosted its position in shares of Microsoft Corporation by 0.7% in the second quarter. BTIM Corp. now owns 1,823,534 shares of the software giant’s stock valued at $125,696,000 after buying an additional 13,446 shares during the period. Kessler Investment Group LLC boosted its position in shares of Microsoft Corporation by 6.3% in the second quarter. Kessler Investment Group LLC now owns 56,580 shares of the software giant’s stock valued at $3,900,000 after buying an additional 3,356 shares during the period. Round Table Services LLC purchased a new position in shares of Microsoft Corporation during the second quarter valued at about $311,000. Finally, Hengehold Capital Management LLC boosted its position in shares of Microsoft Corporation by 4.3% in the second quarter. Hengehold Capital Management LLC now owns 41,755 shares of the software giant’s stock valued at $2,878,000 after buying an additional 1,713 shares during the period. 72.64% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation (MSFT) traded up 1.23% during midday trading on Tuesday, reaching $73.04. The company had a trading volume of 5,741,050 shares. The stock has a market capitalization of $562.57 billion, a PE ratio of 26.95 and a beta of 1.01. The firm’s 50 day moving average is $72.26 and its 200 day moving average is $68.38. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The firm 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%. Microsoft Corporation’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $0.69 EPS. On average, equities analysts anticipate that Microsoft Corporation will post $3.21 EPS for the current fiscal 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 of this dividend is Tuesday, August 15th. This represents a $1.56 annualized dividend and a yield of 2.16%. Microsoft Corporation’s dividend payout ratio is presently 57.78%.
MSFT has been the topic of several research analyst reports. Royal Bank Of Canada set a $77.00 price objective on Microsoft Corporation and gave the stock a “buy” rating in a research note on Monday, July 10th. Zacks Investment Research cut Microsoft Corporation from a “strong-buy” rating to a “hold” rating in a research note on Monday, July 24th. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $77.00 price objective (up previously from $73.00) on shares of Microsoft Corporation in a research note on Monday, May 1st. Pacific Crest reissued a “buy” rating and issued a $78.00 price objective (up previously from $70.00) on shares of Microsoft Corporation in a research note on Friday, April 28th. Finally, Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $70.87 price objective on the stock in a research note on Wednesday, May 17th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $76.26.
In other Microsoft Corporation news, EVP Christopher C. Capossela sold 4,927 shares of the business’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the sale, the executive vice president now directly owns 214,080 shares in the company, valued at approximately $14,718,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,057,855 shares of company stock worth $512,044,578. 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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