Texas Permanent School Fund cut its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,169,229 shares of the software giant’s stock after selling 88,616 shares during the period. Microsoft Corporation makes up about 2.0% of Texas Permanent School Fund’s investment portfolio, making the stock its 2nd largest holding. Texas Permanent School Fund owned about 0.06% of Microsoft Corporation worth $149,525,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Doyle Wealth Management bought a new stake in Microsoft Corporation during the first quarter valued at about $27,269,000. Mountain Pacific Investment Advisers Inc. ID grew its stake in shares of Microsoft Corporation by 16.1% during the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 11,177 shares of the software giant’s stock valued at $736,000 after purchasing an additional 1,550 shares during the last quarter. Howard Capital Management grew its stake in shares of Microsoft Corporation by 2.9% during the first quarter. Howard Capital Management now owns 331,525 shares of the software giant’s stock valued at $21,834,000 after purchasing an additional 9,324 shares during the last quarter. Berkshire Asset Management LLC PA grew its stake in shares of Microsoft Corporation by 2.7% during the first quarter. Berkshire Asset Management LLC PA now owns 386,044 shares of the software giant’s stock valued at $25,425,000 after purchasing an additional 10,277 shares during the last quarter. Finally, Oliver Luxxe Assets LLC bought a new stake in shares of Microsoft Corporation during the first quarter valued at approximately $259,000. 73.37% of the stock is currently owned by institutional investors and hedge funds.
In other Microsoft Corporation news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction dated 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 sale, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last three months, insiders have sold 100,763 shares of company stock valued at $7,574,552. Company insiders own 1.49% of the company’s stock.
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A number of brokerages recently commented on MSFT. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $90.36 price objective on the stock in a report on Monday. Zacks Investment Research downgraded shares of Microsoft Corporation from a “buy” rating to a “hold” rating in a report on Friday, November 10th. UBS AG set a $105.00 price objective on shares of Microsoft Corporation and gave the company a “buy” rating in a report on Thursday, November 9th. Tigress Financial restated a “buy” rating on shares of Microsoft Corporation in a research report on Tuesday, November 7th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $100.00 price objective on shares of Microsoft Corporation in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft Corporation has an average rating of “Buy” and an average price target of $83.86.
Shares of Microsoft Corporation (MSFT) opened at $84.05 on Wednesday. Microsoft Corporation has a 1 year low of $58.31 and a 1 year high of $86.20. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm 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 issued its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft Corporation had a return on equity of 35.23% and a net margin of 24.56%. The company’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 EPS. equities analysts predict that Microsoft Corporation will post 3.37 earnings per share for the current fiscal 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 dividend on an annualized basis 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 is Wednesday, November 15th. Microsoft Corporation’s dividend payout ratio is 53.06%.
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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