Microsoft Co. (MSFT) Shares Sold by Riverbridge Partners LLC
Riverbridge Partners LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 815,838 shares of the software giant’s stock after selling 40,883 shares during the quarter. Microsoft makes up about 1.5% of Riverbridge Partners LLC’s investment portfolio, making the stock its 20th biggest position. Riverbridge Partners LLC’s holdings in Microsoft were worth $80,450,000 at the end of the most recent reporting period.
Other institutional investors have also recently modified their holdings of the company. Puzo Michael J increased its position in shares of Microsoft by 18.0% during the 4th quarter. Puzo Michael J now owns 82,457 shares of the software giant’s stock valued at $7,052,000 after purchasing an additional 12,605 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in shares of Microsoft by 7.6% during the 4th quarter. Public Employees Retirement Association of Colorado now owns 5,480,440 shares of the software giant’s stock valued at $468,797,000 after purchasing an additional 388,542 shares during the last quarter. Meeder Asset Management Inc. increased its position in shares of Microsoft by 27.3% during the 4th quarter. Meeder Asset Management Inc. now owns 237,069 shares of the software giant’s stock valued at $20,280,000 after purchasing an additional 50,858 shares during the last quarter. Fayerweather Charles increased its position in shares of Microsoft by 5.5% during the 4th quarter. Fayerweather Charles now owns 13,381 shares of the software giant’s stock valued at $1,144,000 after purchasing an additional 694 shares during the last quarter. Finally, Harbour Investment Management LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $6,985,000. 71.75% of the stock is currently owned by hedge funds and other institutional investors.
In other Microsoft news, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction that occurred on Friday, August 10th. The stock was 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 directly owns 778,596 shares in the company, valued at approximately $85,209,546.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction that occurred on Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. Insiders sold a total of 650,042 shares of company stock valued at $71,264,850 over the last 90 days. 1.49% of the stock is currently owned by corporate insiders.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Zacks’ 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 return on equity of 36.69% and a net margin of 15.02%. The firm’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 EPS. sell-side analysts expect that Microsoft Co. will post 4.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.63%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. Microsoft’s dividend payout ratio is presently 43.30%.
MSFT has been the subject of several research reports. Royal Bank of Canada reaffirmed a “$104.40” rating and set a $115.00 price target on shares of Microsoft in a research report on Thursday, July 19th. Credit Suisse Group reaffirmed a “$105.12” rating and set a $115.00 price target on shares of Microsoft in a research report on Wednesday, July 18th. Deutsche Bank reaffirmed a “$105.12” rating on shares of Microsoft in a research report on Wednesday, July 18th. Argus upped their price target on shares of Microsoft from $116.00 to $128.00 and gave the company a “$107.97” rating in a research report on Monday, July 23rd. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and set a $123.00 price target on shares of Microsoft in a research report on Tuesday, July 3rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $119.74.
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.
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