KAMES CAPITAL plc cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 14.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 786,703 shares of the software giant’s stock after selling 137,831 shares during the period. Microsoft Corporation accounts for about 1.4% of KAMES CAPITAL plc’s investment portfolio, making the stock its 28th largest position. KAMES CAPITAL plc’s holdings in Microsoft Corporation were worth $51,812,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Asset Planning Services Ltd. raised its position in Microsoft Corporation by 93.0% in the first quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock worth $114,000 after buying an additional 837 shares in the last quarter. Pacific Center for Financial Services bought a new position in Microsoft Corporation during the fourth quarter worth approximately $155,000. Patriot Financial Group Insurance Agency LLC bought a new position in Microsoft Corporation during the fourth quarter worth approximately $161,000. Northwest Quadrant Wealth Management LLC bought a new position in Microsoft Corporation during the fourth quarter worth approximately $205,000. Finally, Schneider Downs Wealth Management Advisors LP bought a new position in Microsoft Corporation during the first quarter worth approximately $209,000. Institutional investors own 72.64% of the company’s stock.
Shares of Microsoft Corporation (NASDAQ:MSFT) traded up 0.12% during trading on Friday, hitting $72.49. 18,761,491 shares of the stock traded hands. The stock has a market cap of $558.34 billion, a price-to-earnings ratio of 26.75 and a beta of 1.01. The stock has a 50 day moving average price of $72.16 and a 200-day moving average price of $68.26. Microsoft Corporation has a 1-year low of $55.61 and a 1-year high of $74.42.
Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to the consensus estimate of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.69 earnings per share. Equities analysts forecast that Microsoft Corporation will post $3.21 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, August 15th. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
Several research analysts have issued reports on MSFT shares. Goldman Sachs Group, Inc. (The) restated a “buy” rating and issued a $78.00 price target on shares of Microsoft Corporation in a research report on Tuesday, May 9th. Bank of America Corporation restated a “buy” rating and issued a $75.00 price target on shares of Microsoft Corporation in a research report on Friday, June 16th. Cowen and Company lifted their price target on shares of Microsoft Corporation from $70.00 to $74.00 and gave the stock an “outperform” rating in a research report on Friday, April 28th. Vetr upgraded shares of Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price target on the stock in a research report on Monday, June 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and twenty-nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $76.26.
In other news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction dated Thursday, May 25th. The shares were sold at an average price of $68.75, for a total value of $338,731.25. Following the sale, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 7,057,855 shares of company stock worth $512,044,578. Insiders own 2.99% of the company’s stock.
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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