Hilltop Holdings Inc. Buys 74 Shares of Microsoft Co. (MSFT)

Ontario - Canada-based Commercial Bank Of Montreal Can has invested 0.85% in Microsoft Corporation (NASDAQ:MSFT).

Microsoft Corporation (MSFT) stock price rose 37.19 percent over the past one year, while increased 14.35 percent during the past 6 months. Hilltop Holdings Inc.'s holdings in Microsoft were worth $1,661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Finally, Welch Investments LLC bought a new position in shares of Microsoft during the fourth quarter valued at $160,000. The 1832 Asset Management Lp holds 10.74 million shares with $638.52M value, up from 9.39 million last quarter. MD increased its position in Microsoft by 0.3% in the third quarter. JJJ Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth about $186,000. Enterprise Financial Services Corp boosted its stake in Microsoft by 0.4% in the third quarter. FMR LLC now owns 177,344,854 shares of the software giant's stock valued at $11,020,210,000 after buying an additional 17,606,133 shares during the period. State Street Corp now owns 316,129,357 shares of the software giant's stock valued at $19,644,277,000 after buying an additional 8,757,128 shares during the period.

Limelight Networks, Inc. (NASDAQ:LLNW) reported revenue of $44.7 million for the first quarter of 2017, up 8 percent, compared to $41.4 million in the first quarter of 2016, and up 2% compared to $43.8 million in the fourth quarter of 2016. Benjamin F Edwards Company Inc owns 49,272 shares or 0.5% of their USA portfolio. It improved, as 49 investors sold Microsoft Corporation shares while 897 reduced holdings.

Shares of Microsoft Corporation (NASDAQ:MSFT) surged 1.39% to $69.41. A total of 3.59 million shares exchanged hands as contrast to its average trading volume of 3.23 million shares. Microsoft Co. has a 12-month low of $48.03 and a 12-month high of $69.71.

Stock is now moving with a positive distance from the 200 day simple moving average of approximately 14.19%, and has a solid year to date (YTD) performance of 12.2% which means the stock is constantly adding to its value from the previous fiscal year end price. The company has a market capitalization of $535.20 billion, a P/E ratio of 30.60 and a beta of 1.08.

Covering sell-side analysts have offered target price estimates on shares of the company.

Debt to Equity ratio stands at 1.2 while Long Term Debt To Equity Ratio flashes the value of 1.09. The business earned $23.56 billion during the quarter, compared to analysts' expectations of $23.62 billion.

For the upcoming quarter, initial predictions are anticipating that the company will post earnings of $0.77 per share according to consensus of 25 analysts. The firm's revenue was up 6.3% compared to the same quarter past year. A Zacks consensus now shows Street analysts projecting the company to post per share earnings of $0.7. Investors of record on Thursday, May 18th will be paid a $0.39 dividend. Utah Retirement Systems holds 1.39 million shares or 2.17% of its portfolio. The ex-dividend date is Tuesday, May 16th. Microsoft's dividend payout ratio (DPR) is now 73.59%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. MSFT's distance from 200 Day SMA is 14.19%. If you are viewing this piece of content on another publication, it was illegally copied and reposted in violation of United States & worldwide copyright laws. Credit Suisse Group AG began coverage on Microsoft in a report on Thursday, April 27th.

A number of research firms have weighed in on MSFT. Barclays PLC set a $70.00 price target on Microsoft and gave the stock a "buy" rating in a research note on Friday, January 6th. Piper Jaffray Companies reaffirmed an "overweight" rating and set a $80.00 price objective on shares of Microsoft in a research report on Friday. Bank of America upgraded the shares of MSFT in report on Thursday, October 1 to "Neutral" rating. Tigress Financial raised Microsoft from a "neutral" rating to a "buy" rating in a research note on Monday, January 23rd. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $77.00 price objective (up from $72.00) on shares of Microsoft in a research report on Friday. $63.36's average target is -7.45% below currents $68.46 stock price. The insider Morfit G Mason sold $297.28 million. Following the completion of the sale, the insider now owns 114,008 shares in the company, valued at $7,450,422.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Grassi Investment Management sold 3,599 shares as Pepsico Inc (PEP)'s stock declined 3.34%.

While looking at the Stock's Performance, Microsoft Corporation now shows a Weekly Performance of 3.1%, where Monthly Performance is 4.57%, Quarterly performance is 4.71%, 6 Months performance is 14.37% and yearly performance percentage is 40.8%. (NASDAQ:MSFT) in a research note released on Thursday.

The company has been one of the biggest innovators in "Business Software & Services" employing approximately 114000 full time employees.

  • Carolyn Briggs