Microsoft Corporation (MSFT) Stake Increased by Lynch & Associates IN
Lynch & Associates IN increased its stake in Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 152,836 shares of the software giant’s stock after buying an additional 2,778 shares during the period. Microsoft Corporation accounts for 4.2% of Lynch & Associates IN’s holdings, making the stock its 3rd largest position. Lynch & Associates IN’s holdings in Microsoft Corporation were worth $10,535,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Northstar Group Inc. raised its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Northstar Group Inc. now owns 3,790 shares of the software giant’s stock valued at $248,000 after buying an additional 12 shares during the last quarter. Gierl Augustine Investment Management Inc raised its stake in shares of Microsoft Corporation by 0.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 4,034 shares of the software giant’s stock valued at $266,000 after buying an additional 13 shares during the last quarter. New Capital Management LP raised its stake in shares of Microsoft Corporation by 0.5% in the first quarter. New Capital Management LP now owns 4,305 shares of the software giant’s stock valued at $284,000 after buying an additional 22 shares during the last quarter. Nottingham Advisors Inc. raised its stake in shares of Microsoft Corporation by 0.4% in the second quarter. Nottingham Advisors Inc. now owns 5,399 shares of the software giant’s stock valued at $372,000 after buying an additional 22 shares during the last quarter. Finally, Vista Capital Partners Inc. raised its stake in shares of Microsoft Corporation by 0.4% in the first quarter. Vista Capital Partners Inc. now owns 9,411 shares of the software giant’s stock valued at $620,000 after buying an additional 36 shares during the last quarter. 73.46% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Corporation (NASDAQ MSFT) traded up 0.842% on Wednesday, hitting $73.665. The stock had a trading volume of 5,589,950 shares. The stock has a market cap of $567.39 billion, a P/E ratio of 27.183 and a beta of 1.01. Microsoft Corporation has a one year low of $55.61 and a one year high of $74.42. The company’s 50-day moving average is $72.63 and its 200-day moving average is $68.58.
Microsoft Corporation (NASDAQ:MSFT) last posted its earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The business had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a net margin of 23.57% and a return on equity of 36.81%. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.69 earnings per share. On average, analysts anticipate that Microsoft Corporation will post $3.21 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, August 15th. This represents a $1.56 dividend on an annualized basis and a yield of 2.14%. Microsoft Corporation’s payout ratio is currently 57.78%.
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Several brokerages have commented on MSFT. Sanford C. Bernstein set a $87.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. BidaskClub raised Microsoft Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, August 16th. Piper Jaffray Companies reissued a “buy” rating and issued a $90.00 price objective on shares of Microsoft Corporation in a report on Sunday. Evercore ISI reissued a “buy” rating and issued a $80.00 price objective on shares of Microsoft Corporation in a report on Friday, August 18th. Finally, Credit Suisse Group set a $84.00 price objective on Microsoft Corporation and gave the company a “buy” rating in a report on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-nine have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $76.54.
In other Microsoft Corporation news, insider G Mason Morfit sold 7,000,000 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Jean Philippe Courtois sold 26,763 shares of the company’s stock in a transaction dated Tuesday, July 25th. The stock was sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the sale, the insider now directly owns 544,080 shares in the company, valued at $40,261,920. The disclosure for this sale can be found here. Insiders own 2.99% of the company’s stock.
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.
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