Thunderbird Partners LLP Invests $89.13 Million in Microsoft Co. (NASDAQ:MSFT)
Thunderbird Partners LLP bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 565,153 shares of the software giant’s stock, valued at approximately $89,130,000. Microsoft accounts for about 13.9% of Thunderbird Partners LLP’s investment portfolio, making the stock its 3rd largest holding.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Magellan Asset Management Ltd lifted its position in shares of Microsoft by 2.8% in the 4th quarter. Magellan Asset Management Ltd now owns 21,994,272 shares of the software giant’s stock valued at $3,468,497,000 after acquiring an additional 600,041 shares in the last quarter. Alesco Advisors LLC grew its position in Microsoft by 42.1% during the 4th quarter. Alesco Advisors LLC now owns 16,925 shares of the software giant’s stock worth $2,669,000 after purchasing an additional 5,018 shares in the last quarter. GQG Partners LLC raised its stake in Microsoft by 21.3% during the 4th 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 period. Coastal Bridge Advisors LLC lifted its holdings in shares of Microsoft by 19.4% in the fourth quarter. Coastal Bridge Advisors LLC now owns 8,889 shares of the software giant’s stock valued at $1,402,000 after purchasing an additional 1,447 shares in the last quarter. Finally, Private Asset Management Inc. boosted its position in shares of Microsoft by 0.3% in the first quarter. Private Asset Management Inc. now owns 105,825 shares of the software giant’s stock worth $16,690,000 after buying an additional 275 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.
NASDAQ:MSFT opened at $198.44 on Tuesday. The firm has a market capitalization of $1,495.68 billion, a PE ratio of 33.07, a PEG ratio of 2.47 and a beta of 0.94. Microsoft Co. has a 1 year low of $130.78 and a 1 year high of $203.95. The company has a current ratio of 2.90, a quick ratio of 2.88 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $188.00 and its 200 day simple moving average is $170.85.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.03%. Microsoft’s payout ratio is 42.95%.
In other news, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $176.08, for a total transaction of $6,162,800.00. Following the completion of the transaction, the executive vice president now directly owns 50,023 shares in the company, valued at $8,808,049.84. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Frank H. Brod sold 3,000 shares of the stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $176.94, for a total value of $530,820.00. Following the completion of the sale, the chief accounting officer now directly owns 57,136 shares of the company’s stock, valued at $10,109,643.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,049 shares of company stock valued at $6,702,736. 1.39% of the stock is owned by corporate insiders.
Several brokerages recently issued reports on MSFT. Deutsche Bank reduced their price objective on Microsoft from $200.00 to $180.00 and set a “buy” rating for the company in a research note on Tuesday, March 17th. Fundamental Research reiterated a “buy” rating and issued a $212.58 target price on shares of Microsoft in a report on Thursday, June 18th. Raymond James restated a “buy” rating and set a $208.00 price target on shares of Microsoft in a report on Thursday, April 30th. Royal Bank of Canada boosted their price objective on shares of Microsoft from $196.00 to $200.00 and gave the company an “outperform” rating in a research report on Monday, May 18th. Finally, Wedbush reiterated a “buy” rating and issued a $220.00 target price on shares of Microsoft in a research report on Friday. Two analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $196.63.
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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