Raymond James Trust N.A. increased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 378,636 shares of the software giant’s stock after acquiring an additional 3,065 shares during the quarter. Microsoft makes up 2.8% of Raymond James Trust N.A.’s holdings, making the stock its largest holding. Raymond James Trust N.A.’s holdings in Microsoft were worth $50,722,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Clearbridge Investments LLC grew its position in Microsoft by 0.8% during the 1st quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after acquiring an additional 201,876 shares during the last quarter. Fisher Asset Management LLC grew its position in Microsoft by 3.6% during the 4th quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock worth $1,974,703,000 after acquiring an additional 672,487 shares during the last quarter. Lunia Capital LP lifted its holdings in Microsoft by 9,650.2% during the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after buying an additional 16,861,809 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in Microsoft by 1.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after buying an additional 150,105 shares in the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt lifted its holdings in Microsoft by 4.3% during the 4th quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,460,000 shares of the software giant’s stock worth $1,150,584,000 after buying an additional 475,000 shares in the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.
Several research analysts have issued reports on MSFT shares. Morgan Stanley set a $620.00 price objective on Intuitive Surgical and gave the stock a “buy” rating in a report on Friday, July 19th. Mizuho set a $152.00 price objective on Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Nomura upped their price objective on Visa from $175.00 to $178.00 and gave the stock a “buy” rating in a report on Thursday, April 25th. BMO Capital Markets reaffirmed an “outperform” rating and set a $115.00 price objective (down previously from $118.00) on shares of New Relic in a report on Tuesday, July 16th. Finally, Cowen reaffirmed an “outperform” rating and set a $69.00 price objective (up previously from $67.00) on shares of Delta Air Lines in a report on Thursday, July 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $149.21.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The business had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s revenue was up 12.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.13 EPS. Analysts predict that Microsoft Co. will post 5.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.32%. The ex-dividend date is Wednesday, August 14th. Microsoft’s payout ratio is presently 38.74%.
In other Microsoft news, EVP Christopher C. Capossela sold 3,000 shares of the stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $128.87, for a total transaction of $386,610.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $126.02, for a total value of $630,100.00. Following the transaction, the executive vice president now owns 144,934 shares of the company’s stock, valued at approximately $18,264,582.68. The disclosure for this sale can be found here. Insiders have sold a total of 27,947 shares of company stock worth $3,704,572 in the last ninety days. 1.38% of the stock is currently owned by company insiders.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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