Nelson Roberts Investment Advisors LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 23.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 82,099 shares of the software giant’s stock after selling 25,070 shares during the quarter. Microsoft makes up approximately 3.9% of Nelson Roberts Investment Advisors LLC’s holdings, making the stock its 5th biggest holding. Nelson Roberts Investment Advisors LLC’s holdings in Microsoft were worth $18,261,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. BW Gestao de Investimentos Ltda. raised its stake in Microsoft by 55.1% during the third quarter. BW Gestao de Investimentos Ltda. now owns 59,540 shares of the software giant’s stock worth $12,523,000 after acquiring an additional 21,148 shares during the period. Red Cedar Investment Management LLC grew its position in Microsoft by 34.5% in the 3rd quarter. Red Cedar Investment Management LLC now owns 23,836 shares of the software giant’s stock worth $5,013,000 after purchasing an additional 6,119 shares during the last quarter. Thoroughbred Financial Services LLC grew its position in Microsoft by 6.8% in the 4th quarter. Thoroughbred Financial Services LLC now owns 52,132 shares of the software giant’s stock worth $11,595,000 after purchasing an additional 3,315 shares during the last quarter. Ninety One SA PTY Ltd grew its position in Microsoft by 10.0% in the 3rd quarter. Ninety One SA PTY Ltd now owns 53,046 shares of the software giant’s stock worth $11,109,000 after purchasing an additional 4,835 shares during the last quarter. Finally, Pennsylvania Capital Management Inc. ADV grew its position in Microsoft by 7.5% in the 4th quarter. Pennsylvania Capital Management Inc. ADV now owns 95,986 shares of the software giant’s stock worth $20,766,000 after purchasing an additional 6,735 shares during the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.
In other Microsoft news, EVP Jean Philippe Courtois sold 18,358 shares of the stock in a transaction that occurred on Thursday, January 28th. The shares were sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the sale, the executive vice president now owns 593,915 shares in the company, valued at approximately $142,302,034. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Emma N. Walmsley bought 4,300 shares of the business’s stock in a transaction on Wednesday, March 10th. The stock was bought at an average price of $236.80 per share, with a total value of $1,018,240.00. Following the transaction, the director now owns 5,026 shares in the company, valued at $1,190,156.80. The disclosure for this purchase can be found here. 0.05% of the stock is currently owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $0.39. The business had revenue of $43.08 billion during the quarter, compared to the consensus estimate of $40.23 billion. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The firm’s quarterly revenue was up 16.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.51 EPS. On average, equities analysts predict that Microsoft Co. will post 6.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 10th. Investors of record on Thursday, May 20th will be given a $0.56 dividend. The ex-dividend date is Wednesday, May 19th. This represents a $2.24 annualized dividend and a dividend yield of 0.90%. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
MSFT has been the subject of several recent analyst reports. Evercore ISI upped their target price on shares of Microsoft from $260.00 to $300.00 in a research report on Wednesday, January 27th. UBS Group restated a “buy” rating and issued a $275.00 target price on shares of Microsoft in a research report on Tuesday, February 9th. Cowen upped their target price on shares of Microsoft from $245.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. BMO Capital Markets upped their target price on shares of Microsoft from $245.00 to $270.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 27th. They noted that the move was a valuation call. Finally, The Goldman Sachs Group upgraded shares of Microsoft from a “buy” rating to a “conviction-buy” rating and set a $315.00 price objective for the company in a report on Monday, March 8th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $268.28.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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