Hermes Investment Management Ltd. grew its position in Microsoft Corporation (NASDAQ:MSFT) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 681,742 shares of the software giant’s stock after buying an additional 87,119 shares during the period. Hermes Investment Management Ltd.’s holdings in Microsoft Corporation were worth $46,992,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Hefty Wealth Partners boosted its position in shares of Microsoft Corporation by 65.6% during the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Asset Planning Services Ltd. boosted its position in shares of Microsoft Corporation by 93.0% during the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after purchasing an additional 837 shares during the period. Ullmann Financial Group Inc. purchased a new position in shares of Microsoft Corporation during the 1st quarter worth approximately $132,000. Patriot Financial Group Insurance Agency LLC purchased a new position in shares of Microsoft Corporation during the 4th quarter worth approximately $161,000. Finally, Opera Trading Capital boosted its position in shares of Microsoft Corporation by 1,522.0% during the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. 73.47% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on the stock. Canaccord Genuity reaffirmed a “hold” rating and set a $76.00 price objective on shares of Microsoft Corporation in a research report on Friday. Vetr cut shares of Microsoft Corporation from a “buy” rating to a “hold” rating and set a $74.32 price objective for the company. in a research report on Tuesday. KeyCorp reaffirmed a “buy” rating and set a $82.00 price objective on shares of Microsoft Corporation in a research report on Sunday, September 10th. Royal Bank Of Canada reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating and set a $80.00 price objective on shares of Microsoft Corporation in a research report on Thursday, September 7th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $76.72.
In other news, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The shares were 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 of the company’s stock, valued at approximately $39,776,406. The disclosure for this sale can be found here. Insiders sold a total of 7,108,526 shares of company stock valued at $515,879,974 in the last quarter. 2.99% of the stock is currently owned by insiders.
Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.72% during mid-day trading on Friday, hitting $75.31. 38,578,441 shares of the company traded hands. The firm has a 50-day moving average price of $73.27 and a 200 day moving average price of $69.57. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.49. The firm has a market cap of $580.06 billion, a price-to-earnings ratio of 27.79 and a beta of 1.00.
Microsoft Corporation (NASDAQ:MSFT) last announced its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. Microsoft Corporation’s revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.69 EPS. Equities research analysts anticipate that Microsoft Corporation will post $3.14 EPS for the current fiscal year.
About Microsoft Corporation
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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