Nomura Asset Management Co. Ltd. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,426,204 shares of the software giant’s stock after purchasing an additional 124,007 shares during the period. Microsoft comprises approximately 2.3% of Nomura Asset Management Co. Ltd.’s investment portfolio, making the stock its 2nd biggest position. Nomura Asset Management Co. Ltd.’s holdings in Microsoft were worth $180,728,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Acrospire Investment Management LLC lifted its stake in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the last quarter. Stelac Advisory Services LLC lifted its stake in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the last quarter. Pacific Center for Financial Services lifted its stake in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in shares of Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the last quarter. Finally, NewSquare Capital LLC lifted its stake in shares of Microsoft by 470.8% in the 3rd quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after acquiring an additional 98,752 shares during the last quarter. Hedge funds and other institutional investors own 73.88% of the company’s stock.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, February 20th. 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 owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the firm’s stock in a transaction dated 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 directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $930,900 in the last three months. Insiders own 1.49% of the company’s stock.
Microsoft Co. (NASDAQ MSFT) opened at $96.77 on Tuesday. The stock has a market cap of $745,110.00, a PE ratio of 29.68, a PEG ratio of 2.23 and a beta of 1.04. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01. Microsoft Co. has a 1 year low of $64.12 and a 1 year high of $97.21.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The company had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.83 EPS. research analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.74%. Microsoft’s dividend payout ratio (DPR) is presently 51.53%.
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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