King Luther Capital Management Corp reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,816,565 shares of the software giant’s stock after selling 8,696 shares during the period. Microsoft comprises about 1.8% of King Luther Capital Management Corp’s portfolio, making the stock its 11th biggest holding. King Luther Capital Management Corp’s holdings in Microsoft were worth $209,806,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. One Capital Management LLC increased its holdings in Microsoft by 5.0% in the 2nd quarter. One Capital Management LLC now owns 56,671 shares of the software giant’s stock worth $3,906,000 after acquiring an additional 2,675 shares in the last quarter. Tompkins Financial Corp increased its holdings in Microsoft by 17.9% in the 3rd quarter. Tompkins Financial Corp now owns 100,261 shares of the software giant’s stock worth $7,469,000 after acquiring an additional 15,202 shares in the last quarter. Private Wealth Partners LLC increased its holdings in Microsoft by 0.6% in the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after acquiring an additional 1,511 shares in the last quarter. Zacks Investment Management increased its holdings in Microsoft by 1.5% in the 2nd quarter. Zacks Investment Management now owns 1,257,001 shares of the software giant’s stock worth $86,645,000 after acquiring an additional 18,438 shares in the last quarter. Finally, Crescent Grove Advisors LLC purchased a new stake in Microsoft in the 2nd quarter worth $561,000. Hedge funds and other institutional investors own 73.88% of the company’s stock.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now directly owns 171,278 shares in the company, valued at approximately $15,928,854. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $930,900 in the last ninety days. 1.49% of the stock is currently owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm had revenue of $28.92 billion during the quarter, compared to analyst estimates of $28.42 billion. During the same quarter in the prior year, the firm posted $0.83 earnings per share. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. research analysts expect that Microsoft Co. will post 3.65 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio is currently 51.53%.
MSFT has been the subject of several recent analyst reports. UBS Group set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, December 8th. Sanford C. Bernstein set a $100.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, December 7th. Piper Jaffray Companies reissued a “buy” rating and issued a $100.00 price target on shares of Microsoft in a report on Monday, November 27th. Goldman Sachs Group set a $92.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Vetr raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $90.36 price target for the company in a report on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and thirty have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $99.28.
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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