Decatur Capital Management Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.1% in the 3rd quarter, HoldingsChannel reports. The fund owned 334,345 shares of the software giant’s stock after buying an additional 19,100 shares during the period. Microsoft makes up about 4.8% of Decatur Capital Management Inc.’s holdings, making the stock its 3rd biggest holding. Decatur Capital Management Inc.’s holdings in Microsoft were worth $24,905,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Research Global Investors grew its holdings in Microsoft by 212.3% during the second quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC grew its holdings in Microsoft by 609.4% during the second quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC grew its holdings in Microsoft by 395.2% during the second quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its holdings in Microsoft by 32.5% during the second quarter. Parametric Portfolio Associates LLC now owns 19,139,433 shares of the software giant’s stock worth $1,319,271,000 after buying an additional 4,699,588 shares in the last quarter. Hedge funds and other institutional investors own 73.19% of the company’s stock.
Several brokerages recently issued reports on MSFT. Morgan Stanley set a $100.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a report on Wednesday, January 17th. Vetr downgraded Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target for the company. in a report on Wednesday, January 17th. Credit Suisse Group reiterated an “outperform” rating and set a $115.00 price target (up previously from $95.00) on shares of Microsoft in a report on Thursday. Finally, UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $88.32.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.12. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The firm had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was up 11.7% compared to the same quarter last year. sell-side analysts forecast that Microsoft Co. will post 3.39 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.87%. Microsoft’s dividend payout ratio is presently 56.76%.
In related news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now directly owns 116,205 shares in the company, valued at approximately $9,770,516.40. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock worth $3,759,420 in the last ninety days. Insiders own 1.49% of the company’s stock.
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Microsoft Company Profile
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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