Reynders McVeigh Capital Management LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 9.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 147,094 shares of the software giant’s stock after purchasing an additional 12,260 shares during the quarter. Microsoft accounts for 2.2% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 16th biggest position. Reynders McVeigh Capital Management LLC’s holdings in Microsoft were worth $23,197,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Magellan Asset Management Ltd grew its stake in shares of Microsoft by 2.8% in the fourth quarter. Magellan Asset Management Ltd now owns 21,994,272 shares of the software giant’s stock valued at $3,468,497,000 after buying an additional 600,041 shares in the last quarter. Inscription Capital LLC grew its position in shares of Microsoft by 14.2% in the fourth quarter. Inscription Capital LLC now owns 33,220 shares of the software giant’s stock valued at $5,239,000 after purchasing an additional 4,129 shares during the last quarter. Carderock Capital Management Inc. grew its position in shares of Microsoft by 0.4% in the fourth quarter. Carderock Capital Management Inc. now owns 47,323 shares of the software giant’s stock valued at $7,463,000 after purchasing an additional 175 shares during the last quarter. Alesco Advisors LLC grew its position in shares of Microsoft by 42.1% in the fourth quarter. Alesco Advisors LLC now owns 16,925 shares of the software giant’s stock valued at $2,669,000 after purchasing an additional 5,018 shares during the last quarter. Finally, GQG Partners LLC grew its position in shares of Microsoft by 21.3% in the fourth quarter. GQG Partners LLC now owns 5,012,814 shares of the software giant’s stock valued at $790,859,000 after purchasing an additional 879,345 shares during the last quarter. 72.34% of the stock is owned by institutional investors and hedge funds.
MSFT has been the topic of several research reports. Morgan Stanley lowered their price target on shares of Microsoft from $200.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday. Cowen reissued an “outperform” rating and issued a $200.00 target price (up previously from $180.00) on shares of Microsoft in a research note on Thursday, January 30th. Royal Bank of Canada reissued a “buy” rating on shares of Microsoft in a research note on Wednesday. Oppenheimer raised shares of Microsoft to a “buy” rating in a research note on Monday, March 2nd. Finally, BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 14th. Two equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and a consensus price target of $185.42.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.32 by $0.19. The business had revenue of $36.91 billion during the quarter, compared to analyst estimates of $35.68 billion. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the business earned $1.10 EPS. On average, research analysts predict that Microsoft Co. will post 5.64 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, May 20th. Microsoft’s dividend payout ratio is currently 42.95%.
In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of the firm’s stock in a transaction on Tuesday, February 4th. The shares were sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the completion of the transaction, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at approximately $104,589,670.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.39% of the stock is owned by company insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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.
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