Tdam USA Inc. lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 19.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 751,033 shares of the software giant’s stock after selling 177,505 shares during the period. Microsoft accounts for 3.3% of Tdam USA Inc.’s investment portfolio, making the stock its 2nd biggest position. Tdam USA Inc.’s holdings in Microsoft were worth $55,944,000 as of its most recent SEC filing.
Other large investors have also made changes to their positions in the company. Acrospire Investment Management LLC grew its position in Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the period. Stelac Advisory Services LLC grew its position in Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after acquiring an additional 387 shares during the period. Pacific Center for Financial Services grew its position in Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after acquiring an additional 75 shares during the period. AlphaMark Advisors LLC grew its position in Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock valued at $185,000 after acquiring an additional 30 shares during the period. Finally, Mitchell Capital Management Co. purchased a new stake in Microsoft during the third quarter valued at about $201,000. 73.88% of the stock is owned by institutional investors and hedge funds.
In other news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The disclosure for this sale can be found here. Insiders have sold a total of 10,000 shares of company stock worth $930,900 over the last quarter. Insiders own 1.49% of the company’s stock.
A number of equities research analysts have issued reports on the company. Deutsche Bank set a $120.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday. UBS Group set a $110.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Wells Fargo & Co set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Royal Bank of Canada set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, February 1st. Finally, Macquarie set a $95.00 target price on Microsoft and gave the stock a “neutral” rating in a research report on Thursday, February 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $99.41.
Shares of Microsoft Co. (NASDAQ MSFT) traded down $0.38 during midday trading on Wednesday, reaching $94.03. The company’s stock had a trading volume of 21,467,677 shares, compared to its average volume of 31,724,807. Microsoft Co. has a 12-month low of $64.12 and a 12-month high of $97.24. The firm has a market capitalization of $723,820.00, a PE ratio of 28.83, a P/E/G ratio of 2.23 and a beta of 1.04. 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 analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analysts’ expectations of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business’s quarterly revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. research analysts anticipate that Microsoft Co. will post 3.65 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is 51.53%.
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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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