AustralianSuper Pty Ltd lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 347,800 shares of the software giant’s stock after selling 13,000 shares during the quarter. Microsoft comprises 1.2% of AustralianSuper Pty Ltd’s portfolio, making the stock its 21st largest position. AustralianSuper Pty Ltd’s holdings in Microsoft were worth $25,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Acrospire Investment Management LLC grew its holdings in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC grew its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services grew its holdings in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC grew its holdings in Microsoft by 1.1% in the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, NewSquare Capital LLC grew its holdings in Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after purchasing an additional 98,752 shares during the period. Institutional investors own 73.88% of the company’s stock.
Microsoft stock opened at $94.60 on Monday. 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 Co. has a 52-week low of $64.12 and a 52-week high of $97.24. The firm has a market cap of $728,400.38, a P/E ratio of 64.79, a price-to-earnings-growth ratio of 2.18 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Thomson Reuters’ 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 business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same period last year, the firm earned $0.83 earnings per share. The company’s quarterly revenue was up 11.9% on a year-over-year basis. sell-side analysts predict that Microsoft Co. will post 3.65 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.78%. Microsoft’s payout ratio is presently 115.07%.
MSFT has been the topic of a number of recent research reports. Oppenheimer upped their price objective on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Citigroup increased their price target on shares of Microsoft to $115.00 and gave the company a “buy” rating in a report on Thursday, February 1st. Evercore ISI increased their price target on shares of Microsoft from $93.00 to $106.00 and gave the company an “outperform” rating in a report on Friday, December 8th. Goldman Sachs set a $100.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Tuesday, January 23rd. Finally, UBS set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Friday, December 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $99.41.
In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 171,278 shares in the company, valued at $15,928,854. The disclosure for this sale can be found here. Insiders sold 10,000 shares of company stock worth $930,900 over the last quarter. Insiders own 1.49% of the company’s stock.
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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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