Fiduciary Management Inc. WI lowered its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,135,391 shares of the software giant’s stock after selling 72,280 shares during the quarter. Microsoft comprises about 1.8% of Fiduciary Management Inc. WI’s holdings, making the stock its 24th biggest holding. Fiduciary Management Inc. WI owned approximately 0.05% of Microsoft worth $308,045,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Capital Research Global Investors lifted its position in Microsoft by 212.3% in the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after buying an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC lifted its position in Microsoft by 609.4% in the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after buying an additional 42,243,011 shares during the last quarter. Vanguard Group Inc. lifted its position in Microsoft by 4.6% in the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the last quarter. Tiger Global Management LLC lifted its position in Microsoft by 395.2% in the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after buying an additional 8,369,500 shares during the last quarter. Finally, Polen Capital Management LLC acquired a new position in Microsoft in the third quarter valued at about $527,480,000. 73.88% of the stock is owned by hedge funds and other institutional investors.
Microsoft Co. (NASDAQ:MSFT) opened at $96.77 on Tuesday. The company has a market cap of $745,110.00, a P/E ratio of 29.68, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. Microsoft Co. has a one year low of $64.12 and a one year high of $97.21. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.74%. Microsoft’s dividend payout ratio is currently 51.53%.
A number of research analysts have commented on MSFT shares. Barclays set a $95.00 target price on shares of Microsoft and gave the company an “overweight” rating in a research report on Friday, January 12th. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Oppenheimer upped their target price on shares of Microsoft to $115.00 and gave the company an “outperform” rating in a research report on Tuesday, January 9th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $115.00 target price (up previously from $95.00) on shares of Microsoft in a research report on Thursday, January 18th. Finally, BMO Capital Markets increased their price target on shares of Microsoft to $100.00 and gave the stock an “outperform” rating in a research report on Friday, January 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. Microsoft presently has a consensus rating of “Buy” and an average target price of $99.28.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $930,900 over the last quarter. 1.49% of the stock is currently owned by insiders.
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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