Helmerich & Payne (HP) Shareholder South State Has Cut Its Holding by $349,800 as Market Value Declined; As Microsoft (MSFT) Share Value Rose, Btc Capital Management Boosted Position by $628,355

June 18, 2018 - By Louis Casey

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South State Corp decreased its stake in Helmerich & Payne (HP) by 19.18% based on its latest 2018Q1 regulatory filing with the SEC. South State Corp sold 5,300 shares as the company’s stock declined 1.29% with the market. The institutional investor held 22,337 shares of the energy company at the end of 2018Q1, valued at $1.49M, down from 27,637 at the end of the previous reported quarter. South State Corp who had been investing in Helmerich & Payne for a number of months, seems to be less bullish one the $6.88 billion market cap company. The stock decreased 2.71% or $1.76 during the last trading session, reaching $63.21. About 1.78M shares traded or 34.68% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has risen 23.74% since June 18, 2017 and is uptrending. It has outperformed by 11.17% the S&P500. Some Historical HP News: 28/03/2018 – HELMERICH & PAYNE SEEING ABILITY TO PUSH UP RIG RENTAL PRICES; 26/04/2018 – Helmerich & Payne Expect Increases in Avg Dayrates for Co’s Rigs in U.S. Land Spot Market to Accelerate in Next Few Mos; 26/04/2018 – Helmerich & Payne 2Q Rev $577.5M; 26/04/2018 – Helmerich & Payne 2Q U.S. Land Revenue Days Rose Approximately 2; 27/03/2018 Helmerich & Payne Raises FY18 Capital Spending View to $400M-$450M; 26/04/2018 – Helmerich & Payne 2Q Loss/Shr 12c; 27/03/2018 – Helmerich & Payne Cites Continued Improvement in Market Conditions; 07/05/2018 – Thornburg Investment Mgmt Inc. Exits Helmerich & Payne; 26/04/2018 – HELMERICH AND PAYNE INC QTRLY REV $577.5 MLN VS $405.3 MLN; 05/04/2018 – HELMERICH AND PAYNE SAYS ANNOUNCED THE HIRING AND APPOINTMENT OF MARK SMITH AS CHIEF FINANCIAL OFFICER – SEC FILING

Btc Capital Management Inc increased its stake in Microsoft Corp (MSFT) by 5.4% based on its latest 2018Q1 regulatory filing with the SEC. Btc Capital Management Inc bought 6,905 shares as the company’s stock rose 3.08% while stock markets declined. The institutional investor held 134,845 shares of the prepackaged software company at the end of 2018Q1, valued at $12.31 million, up from 127,940 at the end of the previous reported quarter. Btc Capital Management Inc who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $769.32 billion market cap company. The stock decreased 1.27% or $1.29 during the last trading session, reaching $100.13. About 37.25M shares traded or 26.19% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 41.28% since June 18, 2017 and is uptrending. It has outperformed by 28.71% the S&P500. Some Historical MSFT News: 17/05/2018 – Performance Contractors at Work on $7.8 Billion in Chemical Projects, Focused on Gulf Coast, an Industrial Info News Alert; 02/05/2018 – DELL, MICROSOFT PARTNER TO OFFER IOT SOLUTIONS FOR BUSINESSES; 22/03/2018 – Databricks Delivers Microsoft Azure Databricks Addressing Customer Demand; 19/03/2018 – White House chief of staff John Kelly has appointed former Microsoft and General Motors executive Chris Liddell to be his deputy, in charge of policy; 18/04/2018 – Ixia, a Keysight Business, Helps Organizations Validate Microsoft Azure DDoS Protection Service Defenses; 12/04/2018 – Astreya Names Jay Preston SVP Global Service Delivery; 05/05/2018 – BUFFETT SAYS IT WAS ‘STUPIDITY’ NOT TO BUY MICROSOFT IN THE EARLIER DAYS; 29/03/2018 – MICROSOFT SAYS TERRY MYERSON TO LEAVE; 03/04/2018 – PCM Named to 2018 CRN® Tech Elite Solution Providers List; 11/04/2018 – CompuCom Recertifies as Microsoft Gold Partner and Cloud Solution Provider

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Seekingalpha.com which released: “Microsoft And GitHub: Why Pay With Stock?” on June 07, 2018, also Nasdaq.com with their article: “Leaked Microsoft Document Points to Dual-Screen Mobile Device” published on June 13, 2018, Seekingalpha.com published: “Can Cloud-Based Growth Sustain Microsoft Going Forward?” on June 04, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “What’s Moving Dropbox Inc Stock Thursday?” published on June 14, 2018 as well as Nasdaq.com‘s news article titled: “Why the AT&T Inc. Court Win Does Not Guarantee Domination” with publication date: June 13, 2018.

Investors sentiment decreased to 0.74 in 2018 Q1. Its down 0.03, from 0.77 in 2017Q4. It dived, as 49 investors sold MSFT shares while 1035 reduced holdings. 142 funds opened positions while 665 raised stakes. 5.38 billion shares or 1.45% less from 5.46 billion shares in 2017Q4 were reported. Hartwell J M Partnership has invested 7.25% in Microsoft Corporation (NASDAQ:MSFT). Signature Fincl Mgmt holds 86,707 shares or 1.65% of its portfolio. Moreover, Amf Pensionsforsakring has 6.18% invested in Microsoft Corporation (NASDAQ:MSFT). Oakmont Lc reported 8,849 shares stake. Armstrong Henry H Assoc Inc owns 1.07M shares. Linscomb And Williams has invested 0.98% in Microsoft Corporation (NASDAQ:MSFT). The Louisiana-based Iberiabank has invested 1.7% in Microsoft Corporation (NASDAQ:MSFT). Telemus Capital Limited Liability Corporation holds 170,586 shares or 1.25% of its portfolio. Groesbeck Investment Mngmt Nj reported 5,923 shares. Reilly Finance Limited Liability Corp accumulated 17,387 shares. Atlas Browninc owns 23,812 shares. Gabalex Cap Mgmt Limited holds 4.13% or 150,000 shares. Oak Ridge Investments Ltd Limited Liability Company owns 428,289 shares. First Midwest National Bank Trust Division holds 148,375 shares. Choate Invest Advisors invested 0% in Microsoft Corporation (NASDAQ:MSFT).

Btc Capital Management Inc, which manages about $2.73 billion and $611.05M US Long portfolio, decreased its stake in Mid Amer Apt Cmntys Inc (NYSE:MAA) by 12,889 shares to 8,762 shares, valued at $800,000 in 2018Q1, according to the filing. It also reduced its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 3,795 shares in the quarter, leaving it with 65,640 shares, and cut its stake in General Dynamics Corp (NYSE:GD).

Since February 16, 2018, it had 1 insider purchase, and 4 insider sales for $1.39 million activity. PETERSON SANDRA E bought $550,606 worth of Microsoft Corporation (NASDAQ:MSFT) on Tuesday, June 5.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 196 analyst reports since July 22, 2015 according to SRatingsIntel. On Wednesday, December 20 the stock rating was maintained by Oppenheimer with “Buy”. The company was maintained on Tuesday, January 23 by Stifel Nicolaus. The firm has “Hold” rating given on Friday, August 21 by Vetr. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Outperform” rating by RBC Capital Markets on Friday, October 23. On Wednesday, January 6 the stock rating was maintained by RBC Capital Markets with “Outperform”. Canaccord Genuity maintained the stock with “Hold” rating in Friday, January 27 report. Deutsche Bank maintained the stock with “Buy” rating in Friday, July 21 report. The company was maintained on Friday, October 23 by FBR Capital. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Wednesday, February 14 by Tigress Financial. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Overweight” rating by Piper Jaffray on Tuesday, November 10.

Investors sentiment decreased to 0.93 in 2018 Q1. Its down 0.03, from 0.96 in 2017Q4. It dropped, as 37 investors sold HP shares while 168 reduced holdings. 75 funds opened positions while 115 raised stakes. 101.56 million shares or 9.96% less from 112.80 million shares in 2017Q4 were reported. Thrivent For Lutherans owns 0% invested in Helmerich & Payne, Inc. (NYSE:HP) for 4,532 shares. Kennedy invested in 82,137 shares or 0.11% of the stock. Jfs Wealth Advsrs Ltd Liability Corp stated it has 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Vanguard Gru accumulated 11.34 million shares. Signalpoint Asset Mgmt Ltd Liability accumulated 0.42% or 13,153 shares. Point72 Asset LP owns 90,000 shares for 0.03% of their portfolio. Kornitzer Cap Management Ks accumulated 227,040 shares. Moreover, Ontario Teachers Pension Plan Board has 0.05% invested in Helmerich & Payne, Inc. (NYSE:HP) for 51,255 shares. State Bank Of Montreal Can has invested 0.02% in Helmerich & Payne, Inc. (NYSE:HP). 3,396 were reported by Com Fincl Bank. Envestnet Asset holds 0% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP) for 7,947 shares. Victory Capital Management Inc reported 0.05% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Voya Inv Limited Co holds 54,866 shares. California State Teachers Retirement Sys accumulated 207,776 shares. 152,745 are held by Monarch Prtn Asset Mgmt Ltd Liability.

South State Corp, which manages about $868.83M US Long portfolio, upped its stake in Cvs Health Corp (NYSE:CVS) by 34,004 shares to 101,129 shares, valued at $6.29 million in 2018Q1, according to the filing. It also increased its holding in Boeing Company (NYSE:BA) by 1,252 shares in the quarter, for a total of 40,596 shares, and has risen its stake in Ishares Msci Eafe Etf (EFA).

Analysts await Helmerich & Payne, Inc. (NYSE:HP) to report earnings on July, 26. They expect $0.03 EPS, up 116.67% or $0.21 from last year’s $-0.18 per share. HP’s profit will be $3.27 million for 526.75 P/E if the $0.03 EPS becomes a reality. After $-0.05 actual EPS reported by Helmerich & Payne, Inc. for the previous quarter, Wall Street now forecasts -160.00% EPS growth.

Another recent and important Helmerich & Payne, Inc. (NYSE:HP) news was published by Seekingalpha.com which published an article titled: “Nvidia: The Rally Might Just Be Getting Started” on June 17, 2018.

Microsoft Corporation (NASDAQ:MSFT) Institutional Positions Chart

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