Sand Hill Global Advisors LLC boosted its position in shares of Microsoft by 1.9% in the fourth quarter. (NASDAQ:MSFT) during the fourth quarter, Holdings Channel reports. About 45,913 shares traded. Microsoft comprises approximately 2.2% of L & S Advisors Inc's investment portfolio, making the stock its 2nd largest position.
Whale Rock Capital Management Llc increased Microsoft Corp (MSFT) stake by 8.77% reported in 2016Q4 SEC filing. Mayo Investment Advisers LLC's holdings in Microsoft were worth $17,173,000 at the end of the most recent quarter. Welch Investments LLC bought a new position in shares of Microsoft during the fourth quarter worth about $160,000.
Bristol Advisors LLC purchased a new stake in Microsoft Co. The fund owned 1,067,432 shares of the software giant's stock after buying an additional 3,600 shares during the period.
Whale Rock Capital Management Llc decreased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 165,727 shares to 439,583 valued at $38.60 million in 2016Q4. Kernodle & Katon Asset Management Group LLC increased its position in Microsoft by 0.5% in the first quarter. Over the past 2 quarters, the stock is up 17.60%, compared with a gain of almost 4.57% for 3 months and about 3.20% for the past 30 days. Hedge funds and other institutional investors own 72.29% of the company's stock. Chatham Capital has 0.14% invested in Microsoft Corporation (NASDAQ:MSFT).
The high price highlights the quandary the world's biggest software company faces as it tries to force customers to move to newer and more secure software, while at the same time earning a profit from the army of engineers it employs on security issues. The firm has a market cap of $522.76 billion, a PE ratio of 29.88 and a beta of 1.08. Company's distance from 20 day simple moving average is -1.09% and distance from 50-Day simple moving average is 1.67%. If shares can stay above the price resistance around $68.58/share, that could help propel Microsoft Corporation (NASDAQ:MSFT) higher to the next line of resistance at $69.67/share.
Microsoft Corporation (NASDAQ:MSFT) held back from distributing a free fix for old versions of its software that could have slowed last week's devastating ransomware attack, instead charging some customers $1,000 a year per device for protection against such threats. The software giant reported $0.73 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.69 by $0.04.
Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 18. The business had revenue of $23.56 billion for the quarter, compared to the consensus estimate of $23.62 billion. Its share have rallied by 19.81% in percentage terms since the start of the year - and added 28.63% in the last month. Microsoft's revenue for the quarter was up 6.3% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post $3.03 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a $0.39 dividend. The stock price decreased -2.78% or $1.93 versus $69.41 at the end of the prior session. The ex-dividend date is Tuesday, May 16th. The Return on Investment (ROI) ratio of Microsoft Corporation (MSFT) is 13.5 percent.
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A number of brokerages have commented on MSFT. Goldman Sachs Group Inc reissued a "buy" rating and issued a $78.00 price objective on shares of Microsoft in a research report on Tuesday, May 9th. The stock of Microsoft Corporation (NASDAQ:MSFT) has "Hold" rating given on Friday, January 29 by Wunderlich. Vetr cut shares of Microsoft from a "buy" rating to a "hold" rating and set a $65.19 target price for the company.in a research note on Monday, January 23rd. Canaccord Genuity reiterated a "hold" rating and set a $68.00 target price on shares of Microsoft in a research report on Friday, May 12th. The stock presently has a consensus rating of Buy and an average target price of $69.44. $297.28M worth of Microsoft Corporation (NASDAQ:MSFT) was sold by Morfit G Mason on Tuesday, February 21. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The insider GATES WILLIAM H III sold 2.50M shares worth $172.24 million. Citigroup owns 8.53 million shares or 0.48% of their United States portfolio. The disclosure for this sale can be found here.
A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company. Company insiders own 2.99% of the company's stock.
Microsoft Corporation is a technology company.