Janney Capital Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 617,410 shares of the software giant’s stock after selling 16,535 shares during the period. Microsoft comprises approximately 2.0% of Janney Capital Management LLC’s holdings, making the stock its 7th largest holding. Janney Capital Management LLC’s holdings in Microsoft were worth $45,990,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Valeo Financial Advisors LLC acquired a new position in shares of Microsoft in the 3rd quarter valued at $7,638,000. Cambria Investment Management L.P. lifted its stake in shares of Microsoft by 3.0% in the 3rd quarter. Cambria Investment Management L.P. now owns 80,606 shares of the software giant’s stock valued at $6,004,000 after purchasing an additional 2,350 shares during the period. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Microsoft by 1.0% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 989,261 shares of the software giant’s stock valued at $73,676,000 after purchasing an additional 9,677 shares during the period. Balentine LLC lifted its stake in shares of Microsoft by 3.7% in the 3rd quarter. Balentine LLC now owns 16,765 shares of the software giant’s stock valued at $1,249,000 after purchasing an additional 605 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Microsoft by 27.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 57,369 shares of the software giant’s stock valued at $4,273,000 after purchasing an additional 12,229 shares during the period. Hedge funds and other institutional investors own 73.88% of the company’s stock.
In related news, CMO Christopher C. Capossela sold 3,000 shares of Microsoft stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares of the company’s stock, valued at approximately $15,928,854. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $930,900 in the last 90 days. 1.49% of the stock is 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 for the quarter, beating the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.83 EPS. sell-side analysts expect that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is 51.53%.
A number of research firms have recently weighed in on MSFT. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target on the stock. in a research note on Wednesday, January 17th. Instinet assumed coverage on Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, UBS Group set a $105.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Friday, January 19th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $99.41.
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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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