Orinda Asset Management LLC continued to hold its stake in shares of Microsoft Corp. (NASDAQ:MSFT) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,964 shares of the software giant’s stock at the end of the second quarter. Orinda Asset Management LLC’s holdings in Microsoft Corp. were worth $164,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in MSFT. Invictus RG bought a new stake in Microsoft Corp. during the first quarter worth $107,000. Riggs Asset Managment Co. Inc. increased its stake in Microsoft Corp. by 6.6% in the second quarter. Riggs Asset Managment Co. Inc. now owns 2,375 shares of the software giant’s stock worth $122,000 after buying an additional 147 shares during the last quarter. Lowe fs LLC increased its stake in Microsoft Corp. by 1.4% in the second quarter. Lowe fs LLC now owns 3,206 shares of the software giant’s stock worth $164,000 after buying an additional 44 shares during the last quarter. Wrapmanager Inc. bought a new stake in Microsoft Corp. during the first quarter worth $205,000. Finally, CLS Investments LLC increased its stake in Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock worth $206,000 after buying an additional 3,206 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.7454% during mid-day trading on Friday, reaching $57.3443. The company’s stock had a trading volume of 11,595,400 shares. The stock has a market capitalization of $446.86 billion, a P/E ratio of 27.3068 and a beta of 1.09. The company’s 50-day moving average price is $57.42 and its 200-day moving average price is $54.43. Microsoft Corp. has a 12-month low of $46.90 and a 12-month high of $58.70.
Microsoft Corp. (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 19th. The software giant reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analysts’ expectations of $22.15 billion. Microsoft Corp. had a return on equity of 29.38% and a net margin of 19.33%. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Microsoft Corp. will post $2.89 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 2.74%. This is a boost from Microsoft Corp.’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Tuesday, November 15th. Microsoft Corp.’s dividend payout ratio (DPR) is presently 70.24%.
Several equities research analysts recently commented on MSFT shares. Sanford C. Bernstein set a $68.00 target price on shares of Microsoft Corp. and gave the stock a “buy” rating in a research report on Friday, July 15th. Jefferies Group set a $40.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research report on Tuesday, September 27th. Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $62.00 target price on shares of Microsoft Corp. in a research report on Friday, July 22nd. Argus reiterated a “hold” rating on shares of Microsoft Corp. in a research report on Monday, July 25th. Finally, Independent Research GmbH set a $50.00 target price on shares of Microsoft Corp. and gave the stock a “sell” rating in a research report on Thursday, July 21st. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-one have given a buy rating to the company’s stock. Microsoft Corp. currently has an average rating of “Buy” and a consensus price target of $59.55.
In other news, insider G Mason Morfit sold 18,000,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 28th. The stock was sold at an average price of $56.12, for a total transaction of $1,010,160,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William H. Gates III sold 2,500,000 shares of Microsoft Corp. stock in a transaction dated Thursday, July 21st. The shares were sold at an average price of $55.94, for a total value of $139,850,000.00. The disclosure for this sale can be found here. 3.76% of the stock is owned by company insiders.
Microsoft Corp. Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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.