Sei Investments Co. cut its stake in Microsoft Co. (NASDAQ:MSFT) by 12.7% in the 1st quarter, HoldingsChannel reports. The firm owned 4,139,545 shares of the software giant’s stock after selling 603,976 shares during the quarter. Microsoft makes up about 1.4% of Sei Investments Co.’s portfolio, making the stock its 5th largest position. Sei Investments Co.’s holdings in Microsoft were worth $377,816,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ballew Advisors Inc purchased a new position in Microsoft during the first quarter worth about $164,000. AlphaStar Capital Management LLC purchased a new position in Microsoft during the fourth quarter worth about $204,000. Trilogy Capital Inc. purchased a new position in Microsoft during the fourth quarter worth about $207,000. Chartist Inc. CA purchased a new position in Microsoft during the first quarter worth about $207,000. Finally, Francis Financial Inc. purchased a new position in Microsoft during the first quarter worth about $211,000. Institutional investors own 71.84% of the company’s stock.

Several research firms recently commented on MSFT. Morgan Stanley set a $130.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Tuesday. Barclays restated a “buy” rating and set a $117.00 target price on shares of Microsoft in a research report on Friday, August 10th. Credit Suisse Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Monday. Oppenheimer set a $120.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 27th. Finally, Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research report on Tuesday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $118.11.

NASDAQ MSFT opened at $110.26 on Wednesday. Microsoft Co. has a 1-year low of $72.05 and a 1-year high of $111.15. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86. The stock has a market capitalization of $834.66 billion, a PE ratio of 28.42, a P/E/G ratio of 2.07 and a beta of 1.18.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion during the quarter, compared to analyst estimates of $29.23 billion. During the same quarter in the previous year, the company posted $0.75 EPS. Microsoft’s revenue for the quarter was up 17.5% on a year-over-year basis. equities research analysts forecast that Microsoft Co. will post 4.25 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Stockholders of record on Thursday, August 16th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date of this dividend is Wednesday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.

In other Microsoft news, EVP Margaret L. Johnson sold 47,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the transaction, the executive vice president now owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The shares were sold at an average price of $109.44, for a total value of $35,896,320.00. Following the transaction, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. In the last three months, insiders sold 442,880 shares of company stock valued at $48,304,569. 1.49% of the stock is currently owned by corporate insiders.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

See Also: Hedge Funds Explained

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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