Ativo Capital Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 11.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,033 shares of the software giant’s stock after purchasing an additional 1,113 shares during the period. Microsoft accounts for about 1.2% of Ativo Capital Management LLC’s investment portfolio, making the stock its 14th largest position. Ativo Capital Management LLC’s holdings in Microsoft were worth $2,245,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Holdings Inc. bought a new position in shares of Microsoft in the 1st quarter valued at approximately $328,820,000. Nordea Investment Management AB raised its stake in shares of Microsoft by 105.3% in the 2nd quarter. Nordea Investment Management AB now owns 20,872,802 shares of the software giant’s stock valued at $4,168,090,000 after acquiring an additional 10,705,657 shares in the last quarter. Swiss National Bank raised 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 in the last quarter. Viking Global Investors LP raised its stake in shares of Microsoft by 257.7% in the 1st quarter. Viking Global Investors LP now owns 4,900,338 shares of the software giant’s stock valued at $772,832,000 after acquiring an additional 3,530,518 shares in the last quarter. Finally, Capital International Investors raised its stake in shares of Microsoft by 3.5% in the 1st quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after acquiring an additional 3,527,148 shares in the last quarter. 69.93% of the stock is owned by institutional investors.
NASDAQ MSFT opened at $208.78 on Wednesday. The stock has a 50-day simple moving average of $212.36 and a 200 day simple moving average of $187.59. The company has a market capitalization of $1,579.97 billion, a PE ratio of 36.31, a P/E/G ratio of 2.33 and a beta of 0.89. The company has a current ratio of 2.52, a quick ratio of 2.49 and a debt-to-equity ratio of 0.50. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The firm had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. As a group, sell-side analysts predict that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.07%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s payout ratio is presently 35.42%.
A number of analysts have issued reports on MSFT shares. Mizuho raised their target price on Microsoft from $225.00 to $240.00 and gave the company a “buy” rating in a report on Monday, August 31st. Zacks Investment Research raised Microsoft from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Wednesday, May 20th. Barclays raised their target price on Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a report on Monday, July 20th. Jefferies Financial Group raised their target price on Microsoft from $200.00 to $240.00 and gave the company a “buy” rating in a report on Sunday, July 19th. Finally, UBS Group raised their target price on Microsoft from $207.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Four investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $216.72.
In related news, CFO Amy Hood sold 80,000 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the sale, the chief financial officer now owns 452,720 shares in the company, valued at $98,756,340.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 23,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $210.70, for a total value of $4,846,100.00. Following the sale, the chief marketing officer now owns 122,943 shares in the company, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,067 shares of company stock valued at $35,247,737. 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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