Atlantic Trust LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 11.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 56,163 shares of the software giant’s stock after buying an additional 5,934 shares during the period. Microsoft Corporation makes up approximately 3.1% of Atlantic Trust LLC’s holdings, making the stock its 5th largest position. Atlantic Trust LLC’s holdings in Microsoft Corporation were worth $3,699,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Causeway Capital Management LLC boosted its stake in shares of Microsoft Corporation by 13.4% in the first quarter. Causeway Capital Management LLC now owns 4,021,170 shares of the software giant’s stock worth $304,041,000 after buying an additional 473,899 shares during the last quarter. TrueNorth Inc. boosted its stake in shares of Microsoft Corporation by 0.6% in the first quarter. TrueNorth Inc. now owns 17,748 shares of the software giant’s stock worth $1,169,000 after buying an additional 98 shares during the last quarter. Laurel Wealth Advisors Inc. boosted its stake in shares of Microsoft Corporation by 3.6% in the first quarter. Laurel Wealth Advisors Inc. now owns 74,610 shares of the software giant’s stock worth $4,913,000 after buying an additional 2,561 shares during the last quarter. Perigon Wealth Management LLC boosted its stake in shares of Microsoft Corporation by 2.0% in the first quarter. Perigon Wealth Management LLC now owns 53,627 shares of the software giant’s stock worth $3,532,000 after buying an additional 1,034 shares during the last quarter. Finally, Columbia Partners L L C Investment Management boosted its stake in shares of Microsoft Corporation by 1.0% in the first quarter. Columbia Partners L L C Investment Management now owns 432,953 shares of the software giant’s stock worth $28,514,000 after buying an additional 4,429 shares during the last quarter. 72.64% of the stock is currently owned by institutional investors.
Shares of Microsoft Corporation (MSFT) traded down 0.690% on Wednesday, reaching $72.655. The company had a trading volume of 5,682,976 shares. Microsoft Corporation has a 12 month low of $55.61 and a 12 month high of $74.42. The firm’s 50 day moving average is $72.26 and its 200 day moving average is $68.38. The firm has a market capitalization of $559.61 billion, a PE ratio of 26.810 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion during 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%. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.69 EPS. On average, equities research analysts expect that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The company also recently declared 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 annualized dividend and a dividend yield of 2.13%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
A number of analysts have commented on MSFT shares. MKM Partners restated a “neutral” rating and issued a $60.00 price target on shares of Microsoft Corporation in a research report on Tuesday, April 25th. Credit Suisse Group started coverage on Microsoft Corporation in a research report on Thursday, April 27th. They issued an “outperform” rating and a $80.00 price target for the company. Pacific Crest restated a “buy” rating and issued a $78.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. BMO Capital Markets upped their price target on Microsoft Corporation from $71.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Finally, Goldman Sachs Group, Inc. (The) upped their price target on Microsoft Corporation from $72.00 to $78.00 and gave the stock a “buy” rating in a research report on Friday, April 28th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $76.26.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,165 shares of the stock in a transaction that occurred on Thursday, May 25th. The shares were sold at an average price of $69.00, for a total value of $1,805,385.00. Following the completion of the sale, the insider now owns 570,843 shares in the company, valued at approximately $39,388,167. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the stock in a transaction that occurred on Thursday, May 25th. The stock was sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the sale, the executive vice president now owns 214,080 shares of the company’s stock, valued at approximately $14,718,000. The disclosure for this sale can be found here. In the last 90 days, insiders sold 7,057,855 shares of company stock valued at $512,044,578. 2.99% of the stock is owned by insiders.
Microsoft Corporation Company 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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