Gamco Investors INC. ET AL reduced its position in Microsoft Co. (NASDAQ:MSFT) by 11.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 137,213 shares of the software giant’s stock after selling 18,054 shares during the period. Gamco Investors INC. ET AL’s holdings in Microsoft were worth $12,523,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cerebellum GP LLC purchased a new position in Microsoft in the 4th quarter worth approximately $134,000. Ballew Advisors Inc purchased a new position in Microsoft in the 1st quarter worth approximately $164,000. Chartist Inc. CA purchased a new position in Microsoft in the 1st quarter worth approximately $207,000. Francis Financial Inc. purchased a new position in Microsoft in the 1st quarter worth approximately $211,000. Finally, Financial Gravity Wealth Inc. purchased a new position in Microsoft in the 1st quarter worth approximately $221,000. Institutional investors own 72.44% of the company’s stock.

Shares of Microsoft stock opened at $109.00 on Friday. The firm has a market capitalization of $843.05 billion, a P/E ratio of 28.09, a PEG ratio of 2.09 and a beta of 1.18. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. Microsoft Co. has a fifty-two week low of $71.28 and a fifty-two week high of $111.15.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.54%. The ex-dividend date of this dividend is Wednesday, August 15th. Microsoft’s dividend payout ratio is currently 43.30%.

In related news, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 778,596 shares of the company’s stock, valued at approximately $85,209,546.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher C. Capossela sold 10,000 shares of the company’s stock in a transaction on Thursday, June 7th. The stock was sold at an average price of $100.99, for a total transaction of $1,009,900.00. Following the completion of the transaction, the executive vice president now directly owns 158,601 shares of the company’s stock, valued at approximately $16,017,114.99. The disclosure for this sale can be found here. Insiders sold a total of 442,880 shares of company stock valued at $48,304,569 in the last ninety days. 1.49% of the stock is currently owned by insiders.

A number of equities research analysts have weighed in on the stock. Barclays reiterated a “buy” rating and set a $117.00 target price on shares of Microsoft in a research note on Friday. Credit Suisse Group reiterated a “buy” rating and set a $125.00 target price on shares of Microsoft in a research note on Tuesday, August 7th. Oppenheimer set a $120.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, July 27th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $121.00 target price for the company in a research note on Tuesday, July 24th. Finally, Royal Bank of Canada reiterated a “buy” rating and set a $124.00 target price on shares of Microsoft in a research note on Friday, July 27th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $118.18.

About Microsoft

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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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