James Investment Research Inc. raised its position in Microsoft Co. (NASDAQ:MSFT) by 24.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 195,401 shares of the software giant’s stock after purchasing an additional 38,979 shares during the quarter. Microsoft comprises approximately 1.9% of James Investment Research Inc.’s investment portfolio, making the stock its 9th biggest holding. James Investment Research Inc.’s holdings in Microsoft were worth $26,176,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in MSFT. Clearbridge Investments LLC boosted its holdings in shares of Microsoft by 0.8% in the first quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock valued at $2,861,479,000 after acquiring an additional 201,876 shares in the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Microsoft by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock valued at $1,974,703,000 after acquiring an additional 672,487 shares in the last quarter. Lunia Capital LP boosted its holdings in shares of Microsoft by 9,650.2% in the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock valued at $17,037,000 after acquiring an additional 16,861,809 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Microsoft by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock valued at $1,375,016,000 after acquiring an additional 150,105 shares in the last quarter. Finally, Sanders Capital LLC boosted its holdings in shares of Microsoft by 2.7% in the second quarter. Sanders Capital LLC now owns 12,283,882 shares of the software giant’s stock valued at $1,848,875,000 after acquiring an additional 326,400 shares in the last quarter. Institutional investors own 72.38% of the company’s stock.
In related news, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the transaction, the insider now owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the transaction, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. Insiders sold a total of 26,819 shares of company stock valued at $3,636,400 in the last ninety days. Company insiders own 1.38% of the company’s stock.
Shares of NASDAQ:MSFT opened at $138.60 on Wednesday. The company has a market capitalization of $1,051.47 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. Microsoft Co. has a 1-year low of $93.96 and a 1-year high of $141.68. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The business’s 50 day simple moving average is $137.27.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period last year, the firm posted $1.13 earnings per share. The firm’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.
The company 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 $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is 38.74%.
Several research firms have recently issued reports on MSFT. Barclays increased their price objective on shares of Microsoft from $132.00 to $152.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Wells Fargo & Co set a $160.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Royal Bank of Canada reiterated a “buy” rating and issued a $153.00 price objective on shares of Microsoft in a report on Wednesday, July 24th. Oppenheimer increased their price objective on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Nomura increased their price objective on shares of Microsoft from $124.00 to $131.00 and gave the company a “buy” rating in a report on Thursday, April 25th. One analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and a consensus target price of $149.21.
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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