NWQ Investment Management Company LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 69.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 215,898 shares of the software giant’s stock after selling 501,620 shares during the period. NWQ Investment Management Company LLC’s holdings in Microsoft were worth $16,082,000 as of its most recent SEC filing.
Several other institutional investors also recently made changes to their positions in MSFT. Capital Research Global Investors lifted its holdings in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after acquiring an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after acquiring an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after acquiring an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC lifted its holdings in Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after acquiring an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC bought a new position in Microsoft during the third quarter worth about $527,480,000. 73.88% of the stock is owned by institutional investors and hedge funds.
Several research analysts have weighed in on MSFT shares. UBS Group set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a report on Friday, December 8th. Sanford C. Bernstein set a $100.00 target price on Microsoft and gave the stock a “buy” rating in a report on Thursday, December 7th. Piper Jaffray Companies reiterated a “buy” rating and set a $100.00 target price on shares of Microsoft in a report on Monday, November 27th. Goldman Sachs Group set a $92.00 target price on Microsoft and gave the stock a “buy” rating in a report on Thursday, November 16th. Finally, Vetr upgraded Microsoft from a “hold” rating to a “buy” rating and set a $90.36 target price on the stock in a report on Monday, November 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and thirty have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $99.28.
Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.83 earnings per share. research analysts expect that Microsoft Co. will post 3.65 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is presently 51.53%.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was 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 approximately $15,928,854. The disclosure for this sale can be found here. In the last three months, insiders have sold 10,000 shares of company stock worth $930,900. Company insiders own 1.49% of the company’s stock.
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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