First Quadrant L P CA increased its position in Microsoft Corporation (NASDAQ:MSFT) by 3.4% during the second quarter, according to its most recent filing with the SEC. The fund owned 1,060,307 shares of the software giant’s stock after buying an additional 35,211 shares during the period. Microsoft Corporation makes up 1.5% of First Quadrant L P CA’s portfolio, making the stock its 3rd largest position. First Quadrant L P CA’s holdings in Microsoft Corporation were worth $73,087,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the company. Aperio Group LLC boosted its position in shares of Microsoft Corporation by 8.0% in the second quarter. Aperio Group LLC now owns 4,114,406 shares of the software giant’s stock valued at $283,606,000 after buying an additional 305,877 shares during the last quarter. Chemung Canal Trust Co. boosted its position in shares of Microsoft Corporation by 1.6% in the second quarter. Chemung Canal Trust Co. now owns 171,365 shares of the software giant’s stock valued at $11,812,000 after buying an additional 2,772 shares during the last quarter. Atlas Brown Inc. boosted its position in shares of Microsoft Corporation by 15.7% in the second quarter. Atlas Brown Inc. now owns 18,908 shares of the software giant’s stock valued at $1,303,000 after buying an additional 2,566 shares during the last quarter. Fruth Investment Management boosted its position in shares of Microsoft Corporation by 0.4% in the second quarter. Fruth Investment Management now owns 30,451 shares of the software giant’s stock valued at $2,098,000 after buying an additional 111 shares during the last quarter. Finally, Main Street Research LLC boosted its position in shares of Microsoft Corporation by 32.0% in the second quarter. Main Street Research LLC now owns 11,021 shares of the software giant’s stock valued at $760,000 after buying an additional 2,673 shares during the last quarter. 72.86% of the stock is currently owned by institutional investors.

Microsoft Corporation (NASDAQ:MSFT) traded up 1.53% during mid-day trading on Friday, hitting $72.50. 21,443,675 shares of the stock were exchanged. Microsoft Corporation has a 52 week low of $55.61 and a 52 week high of $74.42. The stock has a market capitalization of $558.41 billion, a PE ratio of 26.75 and a beta of 1.01. The company has a 50-day moving average of $71.70 and a 200-day moving average of $67.95.

Microsoft Corporation (NASDAQ:MSFT) last issued its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.27. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm had revenue of $24.70 billion during the quarter, compared to analyst estimates of $24.29 billion. During the same quarter in the prior year, the business earned $0.69 earnings per share. Microsoft Corporation’s revenue for the quarter was up 9.1% on a year-over-year basis. On average, equities analysts predict that Microsoft Corporation will post $3.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors 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 dividend yield of 2.15%. Microsoft Corporation’s dividend payout ratio is 57.78%.

WARNING: This story was reported by Watch List News and is owned by of Watch List News. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.watchlistnews.com/first-quadrant-l-p-ca-boosts-stake-in-microsoft-corporation-msft/1478544.html.

Several equities analysts recently weighed in on MSFT shares. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $81.00 price target on shares of Microsoft Corporation in a research report on Friday, April 28th. Morningstar, Inc. reaffirmed a “buy” rating on shares of Microsoft Corporation in a research report on Friday, April 28th. Pacific Crest reaffirmed a “buy” rating and issued a $78.00 price target (up previously from $70.00) on shares of Microsoft Corporation in a research report on Friday, April 28th. Goldman Sachs Group, Inc. (The) raised their price target on shares of Microsoft Corporation from $72.00 to $78.00 and gave the company a “buy” rating in a research report on Friday, April 28th. Finally, Morgan Stanley reaffirmed a “buy” rating and issued a $72.00 price target on shares of Microsoft Corporation in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and twenty-seven have given a buy rating to the company. Microsoft Corporation currently has a consensus rating of “Buy” and a consensus price target of $76.15.

In related news, EVP Christopher C. Capossela sold 4,927 shares of the company’s stock in a transaction on Thursday, May 25th. The shares were sold at an average price of $68.75, for a total transaction of $338,731.25. Following the completion of the transaction, the executive vice president now owns 214,080 shares in the company, valued at $14,718,000. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction on Tuesday, August 8th. The stock was sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,060,855 shares of company stock valued at $512,251,908. 2.99% of the stock is owned by company insiders.

About Microsoft Corporation

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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT).

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

Receive News & Ratings for Microsoft Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.