Ironwood Investment Counsel LLC lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.9% during the first quarter, HoldingsChannel.com reports. The firm owned 142,946 shares of the software giant’s stock after selling 25,073 shares during the period. Microsoft makes up 5.8% of Ironwood Investment Counsel LLC’s holdings, making the stock its biggest holding. Ironwood Investment Counsel LLC’s holdings in Microsoft were worth $13,046,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. RNC Capital Management LLC grew its stake in shares of Microsoft by 0.6% in the fourth quarter. RNC Capital Management LLC now owns 535,705 shares of the software giant’s stock valued at $45,824,000 after buying an additional 2,977 shares in the last quarter. AXA grew its stake in shares of Microsoft by 11.2% in the third quarter. AXA now owns 3,830,658 shares of the software giant’s stock valued at $285,346,000 after buying an additional 384,951 shares in the last quarter. Diversified Trust Co grew its stake in shares of Microsoft by 22.8% in the fourth quarter. Diversified Trust Co now owns 15,920 shares of the software giant’s stock valued at $1,362,000 after buying an additional 2,955 shares in the last quarter. Narwhal Capital Management grew its stake in shares of Microsoft by 1.7% in the fourth quarter. Narwhal Capital Management now owns 131,995 shares of the software giant’s stock valued at $11,291,000 after buying an additional 2,165 shares in the last quarter. Finally, Spearhead Capital Advisors LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at $2,792,000. Institutional investors own 72.32% of the company’s stock.
A number of equities research analysts have recently weighed in on the company. Argus reaffirmed a “focus list” rating and issued a $116.00 price objective on shares of Microsoft in a research note on Wednesday, June 6th. Goldman Sachs Group reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Microsoft in a research note on Tuesday, June 5th. Barclays reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Microsoft in a research note on Thursday, June 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Microsoft in a research note on Wednesday, June 13th. Finally, Macquarie reaffirmed a “neutral” rating and issued a $100.00 price objective on shares of Microsoft in a research note on Wednesday, June 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, thirty-one have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $105.49.
In other news, EVP Christopher C. Capossela sold 10,000 shares of the company’s stock in a transaction dated Thursday, June 7th. The stock was sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the completion of the transaction, the executive vice president now directly owns 158,601 shares of the company’s stock, valued at approximately $16,017,114.99. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Sandra E. Peterson acquired 5,400 shares of the stock in a transaction dated Tuesday, June 5th. The shares were acquired at an average cost of $101.96 per share, with a total value of $550,584.00. Following the completion of the transaction, the director now owns 5,400 shares in the company, valued at approximately $550,584. The disclosure for this purchase can be found here. Corporate insiders own 1.49% of the company’s stock.
Microsoft opened at $98.61 on Monday, MarketBeat.com reports. The stock has a market cap of $759.28 billion, a PE ratio of 29.79, a price-to-earnings-growth ratio of 2.15 and a beta of 1.04. Microsoft Co. has a 1 year low of $68.02 and a 1 year high of $102.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The business had revenue of $26.82 billion during the quarter, compared to analysts’ expectations of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.73 EPS. research analysts forecast that Microsoft Co. will post 3.84 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.70%. Microsoft’s dividend payout ratio is currently 50.76%.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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