Spectrum Asset Management Inc. NB CA Decreases Holdings in Microsoft Co. (MSFT)

Spectrum Asset Management Inc. NB CA reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,670 shares of the software giant’s stock after selling 1,015 shares during the quarter. Microsoft accounts for about 1.6% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 13th biggest holding. Spectrum Asset Management Inc. NB CA’s holdings in Microsoft were worth $1,838,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. NEXT Financial Group Inc boosted its holdings in shares of Microsoft by 2.0% in the second quarter. NEXT Financial Group Inc now owns 42,098 shares of the software giant’s stock worth $2,902,000 after buying an additional 831 shares during the last quarter. Northstar Group Inc. boosted its holdings in shares of Microsoft by 22.6% in the second quarter. Northstar Group Inc. now owns 4,645 shares of the software giant’s stock worth $320,000 after buying an additional 855 shares during the last quarter. Trust Co. of Vermont boosted its holdings in shares of Microsoft by 4.1% in the second quarter. Trust Co. of Vermont now owns 192,929 shares of the software giant’s stock worth $13,298,000 after buying an additional 7,677 shares during the last quarter. Trust Co. of Toledo NA OH boosted its holdings in shares of Microsoft by 4.4% in the second quarter. Trust Co. of Toledo NA OH now owns 137,159 shares of the software giant’s stock worth $9,454,000 after buying an additional 5,840 shares during the last quarter. Finally, Hollencrest Securities LLC boosted its holdings in shares of Microsoft by 1.5% in the second quarter. Hollencrest Securities LLC now owns 58,080 shares of the software giant’s stock worth $4,003,000 after buying an additional 852 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

A number of research firms recently issued reports on MSFT. Vetr raised shares of Microsoft from a “buy” rating to a “strong-buy” rating and set a $95.92 price objective on the stock in a report on Monday. Argus lifted their price target on shares of Microsoft from $95.00 to $107.00 and gave the company a “buy” rating in a report on Tuesday, February 6th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $106.00 price target on the stock in a report on Monday, February 5th. Nomura lifted their price target on shares of Microsoft from $102.00 to $105.00 and gave the company a “buy” rating in a report on Friday, February 2nd. Finally, ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have given a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $99.14.

In other news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total transaction of $333,760.00. Following the sale, the executive vice president now directly owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. Insiders have sold 26,000 shares of company stock worth $2,164,380 in the last quarter. Company insiders own 1.49% of the company’s stock.

Shares of Microsoft Co. (MSFT) traded up $0.95 on Monday, reaching $89.13. 35,655,511 shares of the company traded hands, compared to its average volume of 32,600,000. Microsoft Co. has a 12 month low of $63.62 and a 12 month high of $96.07. The company has a market capitalization of $687,600.00, a PE ratio of 60.63, a PEG ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the business posted $0.83 earnings per share. Microsoft’s quarterly revenue was up 11.9% on a year-over-year basis. analysts anticipate that Microsoft Co. will post 3.62 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is 114.29%.

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Microsoft 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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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