Microsoft Corporation (MSFT) Shares Bought by Old Mutual Global Investors UK Ltd.
Old Mutual Global Investors UK Ltd. lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 644,630 shares of the software giant’s stock after acquiring an additional 25,591 shares during the quarter. Old Mutual Global Investors UK Ltd.’s holdings in Microsoft were worth $44,434,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Investec Asset Management LTD boosted its stake in Microsoft by 43.5% in the 1st quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock valued at $598,883,000 after purchasing an additional 2,754,877 shares during the period. State Street Corp boosted its stake in Microsoft by 0.8% in the 1st quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock valued at $20,988,383,000 after purchasing an additional 2,552,473 shares during the period. Harbour Capital Advisors LLC boosted its stake in Microsoft by 6,647.4% in the 2nd quarter. Harbour Capital Advisors LLC now owns 2,048,255 shares of the software giant’s stock valued at $29,715,000 after purchasing an additional 2,017,899 shares during the period. Los Angeles Capital Management & Equity Research Inc. boosted its stake in Microsoft by 54.5% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 5,289,611 shares of the software giant’s stock valued at $364,613,000 after purchasing an additional 1,865,671 shares during the period. Finally, Steadfast Capital Management LP boosted its stake in Microsoft by 63.0% in the 1st quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock valued at $263,890,000 after purchasing an additional 1,548,108 shares during the period. Institutional investors own 73.33% of the company’s stock.
In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the company’s stock in a transaction dated Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the transaction, 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 SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total value of $1,496,700.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping 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 company had revenue of $24.50 billion during the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter in the previous year, the firm earned $0.76 EPS. Microsoft’s revenue was up 11.7% on a year-over-year basis. research analysts expect that Microsoft Corporation will post 3.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a yield of 2.03%. Microsoft’s payout ratio is presently 57.14%.
MSFT has been the subject of several recent research reports. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Canaccord Genuity restated a “buy” rating and issued a $94.00 price target (up from $86.00) on shares of Microsoft in a research note on Friday, October 27th. Atlantic Securities set a $83.00 price target on Microsoft and gave the company a “neutral” rating in a research note on Friday, October 27th. UBS set a $105.00 price target on Microsoft and gave the company a “buy” rating in a research note on Thursday, November 9th. Finally, Barclays reiterated an “overweight” rating and set a $89.00 target price (up from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, twenty-nine have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $84.59.
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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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