Microsoft Corporation (MSFT) is Rosenbaum Jay D.’s 2nd Largest Position
Rosenbaum Jay D. boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,525 shares of the software giant’s stock after purchasing an additional 290 shares during the period. Microsoft Corporation comprises 4.3% of Rosenbaum Jay D.’s investment portfolio, making the stock its 2nd biggest position. Rosenbaum Jay D.’s holdings in Microsoft Corporation were worth $2,173,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Hefty Wealth Partners increased its stake in Microsoft Corporation by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares in the last quarter. Asset Planning Services Ltd. increased its stake in Microsoft Corporation by 93.0% in the 1st quarter. Asset Planning Services Ltd. now owns 1,737 shares of the software giant’s stock valued at $114,000 after purchasing an additional 837 shares in the last quarter. Ullmann Financial Group Inc. purchased a new position in Microsoft Corporation in the 1st quarter valued at approximately $132,000. Opera Trading Capital increased its stake in Microsoft Corporation by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares in the last quarter. Finally, Baystate Wealth Management LLC increased its stake in Microsoft Corporation by 3.6% in the 2nd quarter. Baystate Wealth Management LLC now owns 10,688 shares of the software giant’s stock valued at $184,000 after purchasing an additional 374 shares in the last quarter. 73.40% of the stock is owned by hedge funds and other institutional investors.
Microsoft Corporation (NASDAQ MSFT) traded down 0.03% during midday trading on Friday, reaching $74.19. The company’s stock had a trading volume of 6,670,214 shares. Microsoft Corporation has a 52-week low of $56.32 and a 52-week high of $75.97. The stock has a market capitalization of $571.43 billion, a price-to-earnings ratio of 27.38 and a beta of 1.00. The firm has a 50-day moving average price of $73.41 and a 200 day moving average price of $69.80. Microsoft Corporation also was the recipient of some unusual options trading activity on Wednesday. Investors purchased 29,563 put options on the company. This is an increase of 118% compared to the average volume of 13,565 put options.
Microsoft Corporation (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 20th. The software giant reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $24.29 billion. During the same period last year, the firm earned $0.69 earnings per share. The business’s revenue for the quarter was up 9.1% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post $3.18 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. 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 yield of 2.26%. Microsoft Corporation’s dividend payout ratio (DPR) is presently 57.78%.
MSFT has been the subject of several research analyst reports. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $77.00 price objective on shares of Microsoft Corporation in a research note on Monday, May 29th. Cowen and Company reaffirmed an “outperform” rating and issued a $76.00 price objective on shares of Microsoft Corporation in a research note on Wednesday, May 31st. BidaskClub downgraded Microsoft Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 10th. Vetr raised Microsoft Corporation from a “hold” rating to a “buy” rating and set a $74.61 price objective for the company in a research note on Monday, June 12th. Finally, Global Equities Research reissued a “buy” rating and set a $75.00 price target on shares of Microsoft Corporation in a research report on Tuesday, June 13th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have given a buy rating to the company. Microsoft Corporation presently has an average rating of “Buy” and a consensus price target of $76.72.
In other news, CFO Amy Hood sold 55,000 shares of Microsoft Corporation stock in a transaction on Tuesday, August 29th. The shares were sold at an average price of $72.71, for a total transaction of $3,999,050.00. Following the transaction, the chief financial officer now directly owns 510,217 shares of the company’s stock, valued at $37,097,878.07. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 26,763 shares of Microsoft Corporation stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now directly owns 537,519 shares in the company, valued at $39,776,406. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 7,108,526 shares of company stock worth $515,879,974. Insiders own 2.99% of the company’s stock.
Microsoft Corporation 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.
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