Full Sail Capital LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 38.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,917 shares of the software giant’s stock after buying an additional 8,386 shares during the quarter. Full Sail Capital LLC’s holdings in Microsoft were worth $5,525,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Microsoft in the 4th quarter valued at $12,315,435,000. Private Advisor Group LLC lifted its stake in shares of Microsoft by 100.9% in the 4th quarter. Private Advisor Group LLC now owns 442,643 shares of the software giant’s stock valued at $69,805,000 after acquiring an additional 47,658,854 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Microsoft by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 113,401,519 shares of the software giant’s stock valued at $17,849,067,000 after acquiring an additional 5,771,223 shares during the last quarter. Swiss National Bank lifted its stake in shares of Microsoft by 22.9% in the 1st quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock valued at $4,479,739,000 after acquiring an additional 5,287,700 shares during the last quarter. Finally, Amundi Pioneer Asset Management Inc. increased its holdings in Microsoft by 21.3% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 21,889,017 shares of the software giant’s stock valued at $3,451,565,000 after purchasing an additional 3,836,507 shares during the period. 70.71% of the stock is currently owned by institutional investors and hedge funds.
Microsoft stock opened at $203.51 on Wednesday. Microsoft Co. has a 52 week low of $130.78 and a 52 week high of $204.40. The company’s 50 day moving average price is $188.28 and its two-hundred day moving average price is $171.09. The company has a quick ratio of 2.88, a current ratio of 2.90 and a debt-to-equity ratio of 0.61. The stock has a market cap of $1,543.31 billion, a P/E ratio of 33.92, a P/E/G ratio of 2.50 and a beta of 0.93.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 29th. The software giant reported $1.40 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.27 by $0.13. Microsoft had a net margin of 33.36% and a return on equity of 40.37%. The firm had revenue of $35.02 billion for the quarter, compared to analysts’ expectations of $33.70 billion. During the same quarter last year, the firm earned $1.14 EPS. The company’s quarterly revenue was up 14.6% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 5.7 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a dividend yield of 1.00%. Microsoft’s dividend payout ratio is currently 42.95%.
A number of analysts recently weighed in on MSFT shares. Wells Fargo & Co increased their price objective on Microsoft from $205.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, June 2nd. They noted that the move was a valuation call. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a report on Friday, April 3rd. UBS Group raised their target price on Microsoft from $200.00 to $207.00 and gave the company a “buy” rating in a research note on Thursday, April 30th. BMO Capital Markets raised their target price on Microsoft from $200.00 to $212.00 and gave the company an “outperform” rating in a research note on Thursday, April 30th. Finally, Piper Sandler reduced their target price on Microsoft from $199.00 to $192.00 and set an “overweight” rating for the company in a research note on Tuesday, March 31st. Two analysts have rated the stock with a hold rating and thirty-seven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $196.63.
In related news, EVP Margaret L. Johnson sold 35,000 shares of Microsoft stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $176.08, for a total value of $6,162,800.00. Following the sale, the executive vice president now owns 50,023 shares of the company’s stock, valued at approximately $8,808,049.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Frank H. Brod sold 3,000 shares of Microsoft stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $176.94, for a total transaction of $530,820.00. Following the completion of the sale, the chief accounting officer now directly owns 57,136 shares in the company, valued at approximately $10,109,643.84. The disclosure for this sale can be found here. In the last three months, insiders have sold 38,049 shares of company stock worth $6,702,736. Insiders own 1.39% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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