Microsoft Co. (NASDAQ:MSFT) is Fishman Jay A Ltd. MI’s 7th Largest Position

Fishman Jay A Ltd. MI trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,580 shares of the software giant’s stock after selling 1,175 shares during the period. Microsoft comprises 4.3% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 7th biggest holding. Fishman Jay A Ltd. MI’s holdings in Microsoft were worth $34,558,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MSFT. Amundi purchased a new position in Microsoft in the 2nd quarter valued at approximately $6,689,996,000. Price T Rowe Associates Inc. MD increased its stake in Microsoft by 7.6% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 192,408,922 shares of the software giant’s stock valued at $52,123,577,000 after purchasing an additional 13,584,306 shares in the last quarter. SG Americas Securities LLC increased its stake in Microsoft by 1,106.1% in the 3rd quarter. SG Americas Securities LLC now owns 11,520,216 shares of the software giant’s stock valued at $3,247,779,000 after purchasing an additional 12,665,264 shares in the last quarter. Nordea Investment Management AB increased its stake in Microsoft by 97.9% in the 3rd quarter. Nordea Investment Management AB now owns 21,921,340 shares of the software giant’s stock valued at $6,277,833,000 after purchasing an additional 10,842,148 shares in the last quarter. Finally, Macquarie Group Ltd. increased its stake in Microsoft by 337.3% in the 2nd quarter. Macquarie Group Ltd. now owns 12,170,156 shares of the software giant’s stock valued at $3,296,895,000 after purchasing an additional 9,387,405 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ MSFT opened at $310.20 on Friday. Microsoft Co. has a 1 year low of $212.03 and a 1 year high of $349.67. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 34.70, a PEG ratio of 2.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.12 and a current ratio of 2.16. The stock’s 50-day simple moving average is $330.98 and its 200-day simple moving average is $307.88.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.08 by $0.19. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The business had revenue of $45.32 billion for the quarter, compared to analyst estimates of $44 billion. During the same period in the previous year, the company earned $1.82 earnings per share. The company’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 9.13 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 17th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, February 16th. Microsoft’s payout ratio is 27.74%.

A number of equities research analysts have commented on the company. Royal Bank of Canada increased their target price on Microsoft from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Jefferies Financial Group raised their price objective on Microsoft from $375.00 to $400.00 and gave the stock a “buy” rating in a report on Thursday, January 6th. They noted that the move was a valuation call. Stifel Nicolaus raised their price objective on Microsoft from $325.00 to $380.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Wells Fargo & Company assumed coverage on Microsoft in a report on Monday, November 22nd. They set an “overweight” rating and a $400.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on Microsoft from $331.00 to $364.00 and gave the stock an “overweight” rating in a report on Wednesday, October 27th. One research analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $351.34.

In related news, insider Bradford L. Smith sold 55,000 shares of the business’s stock in a transaction dated Monday, November 1st. The stock was sold at an average price of $328.60, for a total value of $18,073,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Teri List sold 1,650 shares of the business’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total value of $552,585.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 530,699 shares of company stock worth $181,312,457. Corporate insiders own 0.05% of the company’s stock.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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