Trust Department MB Financial Bank N A grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,237 shares of the software giant’s stock after purchasing an additional 195 shares during the quarter. Trust Department MB Financial Bank N A’s holdings in Microsoft Corporation were worth $1,947,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Northstar Group Inc. boosted its stake in shares of Microsoft Corporation by 0.3% during the 1st quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock worth $248,000 after acquiring an additional 12 shares during the period. Gierl Augustine Investment Management Inc boosted its stake in shares of Microsoft Corporation by 0.3% during the 1st quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock worth $266,000 after acquiring an additional 13 shares during the period. New Capital Management LP boosted its stake in shares of Microsoft Corporation by 0.5% during the 1st quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock worth $284,000 after acquiring an additional 22 shares during the period. Vista Capital Partners Inc. boosted its stake in shares of Microsoft Corporation by 0.4% during the 1st quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock worth $620,000 after acquiring an additional 36 shares during the period. Finally, Syntal Capital Partners LLC boosted its stake in shares of Microsoft Corporation by 0.8% during the 1st quarter. Syntal Capital Partners LLC now owns 8,121 shares of the software giant’s stock worth $534,000 after acquiring an additional 64 shares during the period. Institutional investors own 73.40% of the company’s stock.

In other news, insider Jean Philippe Courtois sold 26,763 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total value of $1,980,462.00. Following the sale, the insider now directly owns 537,519 shares of the company’s stock, valued at approximately $39,776,406. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Amy Hood sold 55,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The stock was sold at an average price of $72.71, for a total value of $3,999,050.00. Following the completion of the sale, the chief financial officer now directly owns 510,217 shares in the company, valued at $37,097,878.07. The disclosure for this sale can be found here. Over the last three months, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.

Shares of Microsoft Corporation (NASDAQ MSFT) traded up 0.04% on Friday, reaching $76.00. The company’s stock had a trading volume of 13,959,814 shares. Microsoft Corporation has a 12-month low of $56.32 and a 12-month high of $76.12. The company has a market cap of $585.37 billion, a P/E ratio of 28.04 and a beta of 1.01. The company’s 50 day moving average price is $74.09 and its 200 day moving average price is $70.63. Microsoft Corporation also was the recipient of unusually large options trading on Thursday. Stock investors bought 46,917 call options on the company. This is an increase of 117% compared to the average volume of 21,578 call options.

Microsoft Corporation (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.27. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The firm had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period in the previous year, the firm posted $0.69 EPS. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Microsoft Corporation will post $3.20 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a $0.42 dividend. This is a boost from Microsoft Corporation’s previous quarterly dividend of $0.39. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft Corporation’s payout ratio is currently 57.78%.

MSFT has been the subject of several research analyst reports. ValuEngine upgraded Microsoft Corporation from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Morgan Stanley reiterated an “overweight” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, July 13th. Stifel Nicolaus reiterated a “buy” rating and set a $73.00 target price on shares of Microsoft Corporation in a research note on Sunday, July 9th. Cowen and Company reiterated an “outperform” rating and set a $80.00 target price (up from $78.00) on shares of Microsoft Corporation in a research note on Saturday, July 22nd. Finally, Oppenheimer Holdings, Inc. reiterated a “buy” rating and set a $80.00 target price on shares of Microsoft Corporation in a research note on Thursday, September 7th. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Microsoft Corporation has a consensus rating of “Buy” and a consensus target price of $77.44.

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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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