Hodges Capital Management Inc. lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 57,351 shares of the software giant’s stock after purchasing an additional 2,162 shares during the quarter. Hodges Capital Management Inc.’s holdings in Microsoft Corporation were worth $3,953,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the stock. State Street Corp boosted its stake in Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after buying an additional 2,552,473 shares during the period. Schwab Charles Investment Management Inc. boosted its stake in Microsoft Corporation by 2.3% during the first quarter. Schwab Charles Investment Management Inc. now owns 28,965,189 shares of the software giant’s stock worth $1,907,648,000 after buying an additional 638,798 shares during the period. Fisher Asset Management LLC boosted its stake in Microsoft Corporation by 1.1% during the first quarter. Fisher Asset Management LLC now owns 18,652,532 shares of the software giant’s stock worth $1,228,456,000 after buying an additional 199,259 shares during the period. Sanders Capital LLC boosted its stake in Microsoft Corporation by 2.4% during the second quarter. Sanders Capital LLC now owns 12,143,596 shares of the software giant’s stock worth $924,807,000 after buying an additional 287,200 shares during the period. Finally, Boston Partners boosted its stake in Microsoft Corporation by 14.1% during the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after buying an additional 1,435,233 shares during the period. 73.37% of the stock is owned by hedge funds and other institutional investors.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Amy Hood sold 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,763 shares of company stock valued at $7,574,552. Corporate insiders own 1.49% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ MSFT) opened at $84.05 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Corporation has a 52-week low of $58.31 and a 52-week high of $86.20. The company has a market capitalization of $647,485.56, a P/E ratio of 24.83, a price-to-earnings-growth ratio of 1.96 and a beta of 1.01.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to analyst estimates of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.76 EPS. sell-side analysts forecast that Microsoft Corporation will post 3.37 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 2.00%. This is an increase from Microsoft Corporation’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is presently 53.06%.
Several research analysts have commented on the stock. Vetr raised shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price objective for the company in a research note on Monday. Zacks Investment Research lowered shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the stock a “buy” rating in a research note on Thursday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft Corporation in a research note on Tuesday, November 7th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $100.00 price objective on shares of Microsoft Corporation in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirty have given a buy rating to the company. Microsoft Corporation presently has a consensus rating of “Buy” and an average target price of $83.86.
Microsoft Corporation 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.