Martingale Asset Management L P lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,708,870 shares of the software giant’s stock after selling 57,863 shares during the period. Microsoft comprises about 1.5% of Martingale Asset Management L P’s holdings, making the stock its largest position. Martingale Asset Management L P’s holdings in Microsoft were worth $106,190,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of the stock. Sadoff Investment Management LLC acquired a new stake in shares of Microsoft during the third quarter valued at approximately $220,000. Bremer Trust National Association boosted its stake in shares of Microsoft by 1.2% in the third quarter. Bremer Trust National Association now owns 28,734 shares of the software giant’s stock valued at $1,655,000 after buying an additional 329 shares during the last quarter. First American Bank boosted its stake in shares of Microsoft by 4.6% in the third quarter. First American Bank now owns 149,188 shares of the software giant’s stock valued at $8,594,000 after buying an additional 6,546 shares during the last quarter. Independence Advisors LLC boosted its stake in shares of Microsoft by 151.9% in the third quarter. Independence Advisors LLC now owns 13,123 shares of the software giant’s stock valued at $756,000 after buying an additional 7,913 shares during the last quarter. Finally, Atalanta Sosnoff Capital LLC boosted its stake in shares of Microsoft by 8.6% in the third quarter. Atalanta Sosnoff Capital LLC now owns 1,810,163 shares of the software giant’s stock valued at $104,266,000 after buying an additional 142,742 shares during the last quarter. Institutional investors own 72.29% of the company’s stock.
Microsoft Co. (NASDAQ:MSFT) traded up 1.458% during trading on Friday, hitting $66.455. 27,033,102 shares of the stock traded hands. The company has a 50-day moving average price of $65.07 and a 200-day moving average price of $62.42. Microsoft Co. has a 12 month low of $48.04 and a 12 month high of $66.70. The stock has a market cap of $513.53 billion, a PE ratio of 31.273 and a beta of 1.08.
Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, January 26th. The software giant reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.04. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. The company had revenue of $26.07 billion for the quarter, compared to analysts’ expectations of $25.13 billion. During the same quarter last year, the business earned $0.78 EPS. The firm’s revenue was up 1.5% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post $2.97 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 2.38%. The ex-dividend date is Tuesday, May 16th. Microsoft’s payout ratio is 73.59%.
Several brokerages have commented on MSFT. Pacific Crest set a $70.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Saturday, January 28th. Raymond James Financial, Inc. reissued a “strong-buy” rating and issued a $73.00 price target (up previously from $69.00) on shares of Microsoft in a report on Monday, January 30th. Hilliard Lyons boosted their price target on shares of Microsoft from $59.00 to $64.00 and gave the company a “neutral” rating in a report on Monday, January 30th. Deutsche Bank AG reissued a “buy” rating and issued a $75.00 price target on shares of Microsoft in a report on Thursday, April 6th. Finally, Zacks Investment Research lowered shares of Microsoft from a “hold” rating to a “sell” rating in a report on Tuesday, April 11th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, twenty-three have given a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $67.28.
In other news, insider G Mason Morfit sold 4,616,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 23rd. The shares were sold at an average price of $64.40, for a total transaction of $297,270,400.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Frank H. Brod sold 7,500 shares of Microsoft stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $65.35, for a total transaction of $490,125.00. Following the sale, the insider now owns 114,008 shares in the company, valued at approximately $7,450,422.80. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 19,623,500 shares of company stock worth $1,253,600,525. 2.99% of the stock is owned by company insiders.
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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