Veritas Investment Management UK Ltd lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 279,236 shares of the software giant’s stock after selling 16,254 shares during the period. Microsoft accounts for approximately 7.3% of Veritas Investment Management UK Ltd’s portfolio, making the stock its 5th biggest position. Veritas Investment Management UK Ltd’s holdings in Microsoft were worth $20,800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Private Wealth Partners LLC increased its position in shares of Microsoft by 0.6% during the 3rd quarter. Private Wealth Partners LLC now owns 270,524 shares of the software giant’s stock worth $20,151,000 after purchasing an additional 1,511 shares during the last quarter. Crescent Grove Advisors LLC increased its position in shares of Microsoft by 10.7% during the 3rd quarter. Crescent Grove Advisors LLC now owns 9,020 shares of the software giant’s stock worth $672,000 after purchasing an additional 875 shares during the last quarter. First Eagle Investment Management LLC increased its position in shares of Microsoft by 10.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,072,817 shares of the software giant’s stock worth $1,942,164,000 after purchasing an additional 2,389,149 shares during the last quarter. Jarislowsky Fraser Ltd increased its position in shares of Microsoft by 1.3% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 2,592,877 shares of the software giant’s stock worth $193,143,000 after purchasing an additional 33,893 shares during the last quarter. Finally, Intrust Bank NA increased its position in shares of Microsoft by 2.8% during the 3rd quarter. Intrust Bank NA now owns 59,866 shares of the software giant’s stock worth $4,460,000 after purchasing an additional 1,626 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

A number of analysts recently issued reports on the company. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Vetr raised Microsoft from a “buy” rating to a “strong-buy” rating and set a $95.92 target price for the company in a research report on Monday. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Credit Suisse Group reaffirmed a “buy” rating and issued a $95.00 target price on shares of Microsoft in a research report on Friday, October 27th. Finally, Morgan Stanley set a $88.00 target price on Microsoft and gave the company a “buy” rating in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $99.14.

In related news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total value of $333,760.00. Following the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Over the last three months, insiders have sold 26,000 shares of company stock valued at $2,164,380. Corporate insiders own 1.49% of the company’s stock.

Microsoft Co. (NASDAQ:MSFT) opened at $88.18 on Monday. Microsoft Co. has a 52-week low of $63.62 and a 52-week high of $96.07. The company has a market capitalization of $680,270.00, a PE ratio of 59.99, a PEG ratio of 2.05 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.

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

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders 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 dividend yield of 1.91%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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