Microsoft Corporation (MSFT) Stake Decreased by Boys Arnold & Co. Inc.

Boys Arnold & Co. Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 67,181 shares of the software giant’s stock after selling 96 shares during the period. Boys Arnold & Co. Inc.’s holdings in Microsoft Corporation were worth $4,425,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Baird Financial Group Inc. increased its stake in shares of Microsoft Corporation by 1.2% in the fourth quarter. Baird Financial Group Inc. now owns 2,859,638 shares of the software giant’s stock valued at $177,698,000 after buying an additional 35,057 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of Microsoft Corporation by 59.2% in the fourth quarter. Jupiter Asset Management Ltd. now owns 464,186 shares of the software giant’s stock valued at $28,845,000 after buying an additional 172,550 shares in the last quarter. Haverford Trust Co. increased its stake in shares of Microsoft Corporation by 1.4% in the fourth quarter. Haverford Trust Co. now owns 997,881 shares of the software giant’s stock valued at $62,008,000 after buying an additional 14,212 shares in the last quarter. Burgundy Asset Management Ltd. increased its stake in shares of Microsoft Corporation by 2.8% in the fourth quarter. Burgundy Asset Management Ltd. now owns 4,361,789 shares of the software giant’s stock valued at $271,042,000 after buying an additional 117,589 shares in the last quarter. Finally, Tredje AP fonden increased its stake in shares of Microsoft Corporation by 6.8% in the fourth quarter. Tredje AP fonden now owns 596,874 shares of the software giant’s stock valued at $37,090,000 after buying an additional 37,794 shares in the last quarter. Institutional investors and hedge funds own 72.74% of the company’s stock.

Microsoft Corporation (NASDAQ:MSFT) opened at 73.35 on Tuesday. The stock’s 50 day moving average is $69.88 and its 200-day moving average is $66.02. The firm has a market cap of $566.30 billion, a P/E ratio of 32.37 and a beta of 1.00. Microsoft Corporation has a 1-year low of $52.93 and a 1-year high of $73.45.

Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 27th. The software giant reported $0.73 EPS for the quarter, topping the Zacks’ consensus estimate of $0.69 by $0.04. Microsoft Corporation had a return on equity of 33.75% and a net margin of 20.42%. The firm had revenue of $23.56 billion during the quarter, compared to analyst estimates of $23.62 billion. During the same period last year, the company posted $0.62 EPS. The business’s quarterly revenue was up 6.3% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post $3.03 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 given a dividend of $0.39 per share. The ex-dividend date of this dividend is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.13%. Microsoft Corporation’s payout ratio is presently 69.03%.

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Several analysts have recently weighed in on the stock. BMO Capital Markets restated a “buy” rating and set a $75.00 price objective on shares of Microsoft Corporation in a research report on Sunday. Stifel Nicolaus restated a “buy” rating and set a $73.00 price objective on shares of Microsoft Corporation in a research report on Monday. Jefferies Group LLC restated a “sell” rating and set a $45.00 price objective on shares of Microsoft Corporation in a research report on Monday. Credit Suisse Group boosted their price objective on shares of Microsoft Corporation from $80.00 to $84.00 and gave the stock an “outperform” rating in a research report on Monday. Finally, Bank of America Corporation restated a “buy” rating and set a $83.00 price objective (up previously from $75.00) on shares of Microsoft Corporation in a research report on Monday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $71.18.

In other Microsoft Corporation news, Director William H. Gates III sold 2,500,000 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $69.40, for a total transaction of $173,500,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, May 16th. The stock was sold at an average price of $69.11, for a total value of $207,330.00. Following the sale, the executive vice president now owns 216,507 shares of the company’s stock, valued at $14,962,798.77. The disclosure for this sale can be found here. Insiders have sold a total of 12,060,786 shares of company stock valued at $831,893,332 over the last 90 days. Corporate 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.

Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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