Sentry Investments Corp. lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 26.8% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,035,500 shares of the software giant’s stock after selling 378,200 shares during the quarter. Sentry Investments Corp.’s holdings in Microsoft were worth $71,377,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. State Street Corp grew its holdings in shares of Microsoft by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after purchasing an additional 2,552,473 shares during the last quarter. Legal & General Group Plc grew its holdings in shares of Microsoft by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Microsoft by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after purchasing an additional 657,294 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its holdings in shares of Microsoft by 1.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,442,176 shares of the software giant’s stock worth $1,478,009,000 after purchasing an additional 272,242 shares during the last quarter. Finally, Pioneer Investment Management Inc. grew its holdings in shares of Microsoft by 6.4% in the 2nd quarter. Pioneer Investment Management Inc. now owns 16,447,634 shares of the software giant’s stock worth $1,133,736,000 after purchasing an additional 996,006 shares during the last quarter. 73.33% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently weighed in on MSFT shares. Evercore ISI reaffirmed a “buy” rating and issued a $80.00 target price on shares of Microsoft in a report on Friday, August 18th. BidaskClub raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Credit Suisse Group set a $84.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, August 11th. Sanford C. Bernstein set a $87.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, August 11th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $90.00 target price on shares of Microsoft in a report on Sunday, August 27th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the stock. Microsoft currently has a consensus rating of “Buy” and a consensus price target of $84.59.
Microsoft Corporation (NASDAQ:MSFT) opened at $81.59 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Corporation has a 52-week low of $59.80 and a 52-week high of $86.20. The stock has a market cap of $625,499.00, a PE ratio of 23.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.99.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. During the same period in the prior year, the company posted $0.76 EPS. The company’s revenue was up 11.7% compared to the same quarter last year. equities research analysts anticipate that Microsoft Corporation will post 3.38 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.06%. Microsoft’s payout ratio is presently 57.14%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction that occurred on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,000 shares of company stock worth $2,262,720. Corporate insiders own 1.49% of the company’s stock.
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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