Nordea Investment Management AB Lowers Position in Microsoft Corp. (MSFT)
Nordea Investment Management AB lowered its stake in shares of Microsoft Corp. (NASDAQ:MSFT) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,648,900 shares of the software giant’s stock after selling 277,587 shares during the period. Microsoft Corp. comprises approximately 1.1% of Nordea Investment Management AB’s holdings, making the stock its 22nd largest position. Nordea Investment Management AB owned approximately 0.10% of Microsoft Corp. worth $391,394,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Invictus RG bought a new stake in shares of Microsoft Corp. during the first quarter valued at about $107,000. Wrapmanager Inc. bought a new stake in shares of Microsoft Corp. during the first quarter valued at about $205,000. CLS Investments LLC boosted its stake in shares of Microsoft Corp. by 616.5% in the first quarter. CLS Investments LLC now owns 3,726 shares of the software giant’s stock valued at $206,000 after buying an additional 3,206 shares in the last quarter. Northstar Group Inc. boosted its stake in shares of Microsoft Corp. by 0.4% in the second quarter. Northstar Group Inc. now owns 3,953 shares of the software giant’s stock valued at $202,000 after buying an additional 14 shares in the last quarter. Finally, Windward Capital Management Co. CA boosted its stake in shares of Microsoft Corp. by 4.0% in the second quarter. Windward Capital Management Co. CA now owns 4,676 shares of the software giant’s stock valued at $239,000 after buying an additional 179 shares in the last quarter. 71.58% of the stock is owned by institutional investors.
Shares of Microsoft Corp. (NASDAQ:MSFT) traded up 0.88% during mid-day trading on Friday, reaching $57.42. 27,402,451 shares of the company’s stock were exchanged. Microsoft Corp. has a 52-week low of $47.02 and a 52-week high of $58.70. The stock’s 50-day moving average is $57.40 and its 200-day moving average is $54.45. The stock has a market cap of $447.45 billion, a price-to-earnings ratio of 27.34 and a beta of 1.09.
Microsoft Corp. (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 19th. The software giant reported $0.69 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.11. The business had revenue of $22.60 billion for the quarter, compared to analyst estimates of $22.15 billion. Microsoft Corp. had a net margin of 19.33% and a return on equity of 29.38%. During the same quarter in the previous year, the firm posted $0.60 earnings per share. On average, equities analysts expect that Microsoft Corp. will post $2.89 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, November 15th. This is a positive change from Microsoft Corp.’s previous quarterly dividend of $0.36. Microsoft Corp.’s payout ratio is currently 70.24%.
Several equities analysts recently weighed in on MSFT shares. BMO Capital Markets restated a “buy” rating and set a $57.00 target price on shares of Microsoft Corp. in a report on Sunday, July 17th. Nomura restated a “buy” rating on shares of Microsoft Corp. in a report on Sunday, July 17th. Vetr upgraded shares of Microsoft Corp. from a “hold” rating to a “buy” rating and set a $59.88 target price on the stock in a report on Thursday, September 8th. Citigroup Inc. lifted their target price on shares of Microsoft Corp. from $37.00 to $40.00 and gave the company a “sell” rating in a report on Wednesday, July 20th. Finally, Sanford C. Bernstein set a $68.00 target price on shares of Microsoft Corp. and gave the company a “buy” rating in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and twenty-one have assigned a buy rating to the company. Microsoft Corp. presently has a consensus rating of “Buy” and an average target price of $59.55.
In related news, CFO Amy Hood sold 120,000 shares of the business’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $57.86, for a total transaction of $6,943,200.00. Following the transaction, the chief financial officer now directly owns 523,425 shares in the company, valued at $30,285,370.50. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Satya Nadella sold 143,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The stock was sold at an average price of $57.97, for a total transaction of $8,289,710.00. Following the transaction, the chief executive officer now owns 1,200,822 shares in the company, valued at $69,611,651.34. The disclosure for this sale can be found here. 3.76% of the stock is currently owned by insiders.
About Microsoft Corp.
Microsoft Corporation is a technology company. The Company develops, licenses and supports a range of software products, services and devices. Its segments are Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. Its 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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