Ipswich Investment Management Co. Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 99,794 shares of the software giant’s stock after purchasing an additional 1,515 shares during the period. Microsoft accounts for approximately 3.7% of Ipswich Investment Management Co. Inc.’s investment portfolio, making the stock its 2nd biggest holding. Ipswich Investment Management Co. Inc.’s holdings in Microsoft were worth $10,136,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the company. Vanguard Group Inc lifted its stake in shares of Microsoft by 1.6% during the third quarter. Vanguard Group Inc now owns 577,877,949 shares of the software giant’s stock worth $66,091,902,000 after buying an additional 8,820,439 shares during the period. Royal London Asset Management Ltd. acquired a new position in Microsoft in the second quarter valued at approximately $406,699,000. Morgan Stanley lifted its holdings in Microsoft by 4.8% in the third quarter. Morgan Stanley now owns 60,865,803 shares of the software giant’s stock valued at $6,961,221,000 after acquiring an additional 2,796,779 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Microsoft by 19.6% during the 3rd quarter. Russell Investments Group Ltd. now owns 9,248,352 shares of the software giant’s stock worth $1,057,849,000 after purchasing an additional 1,517,947 shares during the period. Finally, ADAMCAPITAL Gestao de Recursos Ltda. grew its stake in shares of Microsoft by 342.8% during the 3rd quarter. ADAMCAPITAL Gestao de Recursos Ltda. now owns 1,866,026 shares of the software giant’s stock worth $213,417,000 after purchasing an additional 1,444,650 shares during the period. 72.89% of the stock is currently owned by institutional investors and hedge funds.
In other Microsoft news, EVP Christopher C. Capossela sold 10,500 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $111.48, for a total value of $1,170,540.00. Following the completion of the sale, the executive vice president now owns 156,866 shares in the company, valued at approximately $17,487,421.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction dated Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the sale, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at approximately $185,183,992.54. The disclosure for this sale can be found here. Insiders sold 333,667 shares of company stock worth $35,657,016 over the last ninety days. Corporate insiders own 1.38% of the company’s stock.
Shares of Microsoft stock opened at $119.89 on Friday. The stock has a market capitalization of $919.05 billion, a P/E ratio of 30.90, a P/E/G ratio of 2.19 and a beta of 1.22. Microsoft Co. has a twelve month low of $89.48 and a twelve month high of $120.82. The company has a debt-to-equity ratio of 0.82, a quick ratio of 3.08 and a current ratio of 3.12.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company had revenue of $32.47 billion during the quarter, compared to analyst estimates of $32.53 billion. During the same period in the previous year, the business earned $0.96 EPS. Microsoft’s quarterly revenue was up 12.3% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 4.41 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 annualized dividend and a dividend yield of 1.53%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
Several equities analysts have recently weighed in on the stock. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Monday, April 1st. JPMorgan Chase & Co. increased their price target on shares of Microsoft from $115.00 to $125.00 and gave the stock an “overweight” rating in a report on Thursday, March 28th. Royal Bank of Canada raised their price target on shares of Microsoft to $130.00 and gave the company an “outperform” rating in a research report on Monday, March 25th. Credit Suisse Group reaffirmed a “buy” rating and issued a $125.00 price objective on shares of Microsoft in a report on Friday, March 22nd. Finally, Mizuho started coverage on shares of Microsoft in a report on Wednesday, March 13th. They issued a “buy” rating and a $135.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and a consensus target price of $123.01.
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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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