Latest
Recommended
Published: Sun, January 29, 2017
Tech | By Dwayne Harmon

Microsoft shares set to open at record high


Microsoft Corporation accounts for approximately 4.3% of Bedrijfstakpensioenfonds Voor DE Media PNO's holdings, making the stock its 2nd largest position.

Other institutional investors also recently added to or reduced their stakes in the company. Global X Management Co. The firm owned 587,600 shares of the software giant's stock at the end of the third quarter. Douglass Winthrop Advisors LLC now owns 572,824 shares of the software giant's stock worth $29,311,000 after buying an additional 155,818 shares during the last quarter. Nelson Roberts Investment Advisors LLC boosted its position in shares of Intel Corporation by 55.3% in the second quarter. Vanguard Group Inc. increased its position in Microsoft Corporation by 1.7% in the second quarter. Financial Management Professionals Inc. now owns 3,960 shares of the chip maker's stock valued at $129,000 after buying an additional 625 shares during the period. Finally, Janus Capital Management LLC increased its position in shares of Microsoft Corporation by 40.2% in the second quarter. Eastern Bank now owns 224,981 shares of the software giant's stock worth $11,512,000 after buying an additional 60,120 shares during the period.

On last trading day, ENGlobal Corporation (NASDAQ:ENG) traded 225574 shares and was closed at $2.88 per share. The 50 day moving average of NASDAQ:MSFT is 62.72 and the 200 day moving average is 59.05. The firm has a market capitalization of $179.99 billion, a PE ratio of 17.82 and a beta of 1.06. Microsoft Corporation has a one year low of $48.03 and a one year high of $65.91.

Intel Corporation (NASDAQ:INTC) last posted its earnings results on Thursday, January 26th. The company had revenue of $22.30 billion for the quarter, compared to analysts' expectations of $21.71 billion. Microsoft Corporation had a net margin of 19.40% and a return on equity of 30.92%. The company's revenue for the quarter was up 1.5% on a year-over-year basis. During the same period a year ago, the business posted $0.74 earnings per share.

Microsoft also announced the completion of the acquisition of LinkedIn in the quarter. Stockholders of record on Thursday, February 16th will be paid a $0.39 dividend. ENG quarterly performance is 100.00% while firm's price to sale ratio is 1.27 and price to book ratio is 2.13. The ex-dividend date is Tuesday, February 14th.

The Relative Volume of the company is 1.66 and Average Volume (3 months) is 25.45 million.

COPYRIGHT VIOLATION WARNING: This piece of content was published by Marea Informative and is the property of of Marea Informative. If you are reading this news story on another site, it was illegally copied and reposted in violation of USA and global trademark and copyright law. The correct version of this report can be read at https://www.thecerbatgem.com/2017/01/28/nippon-life-insurance-co-cuts-stake-in-microsoft-corporation-msft.html.

MSFT has been the subject of a number of analyst reports. Jefferies Group LLC upped their price objective on shares of Microsoft Corporation to $45.00 and gave the stock an "underperform" rating in a report on Friday.

Microsoft Corporation has 7,775,350,000 shares which are now outstanding with a price of 65.69 calculating Microsoft Corporation's market capitalisation to 510.72B Dollars. BlueFin Research restated a "buy" rating on shares of Intel Corporation in a research report on Monday, October 3rd.

Sell side analysts that regularly cover the stock have provided price targets and recommendations on Microsoft Corporation (NASDAQ:MSFT). Piper Jaffray Companies assumed coverage on shares of Microsoft Corporation in a research report on Wednesday, December 21st.

Stock has got outperform rating from 5 analysts of Thomson Reuters whereas 2 analysts given hold rating to the stock. The price target according to the broker shows a possible decrease of -1.04% from the current stock price of 65.69.

Other Asset Management firms and mutual funds Sell and Buy Stocks to adjust their portfolio based on the Investoment strategies.

Like this: