Nippon Life Global Investors Americas Inc. cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 623,337 shares of the software giant’s stock after selling 5,510 shares during the period. Microsoft makes up approximately 4.9% of Nippon Life Global Investors Americas Inc.’s portfolio, making the stock its biggest position. Nippon Life Global Investors Americas Inc.’s holdings in Microsoft were worth $61,467,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of the company. Live Your Vision LLC increased its position in Microsoft by 58.7% in the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after buying an additional 509 shares in the last quarter. CX Institutional bought a new stake in Microsoft in the 2nd quarter valued at about $145,000. Spectrum Financial Alliance Ltd LLC bought a new stake in Microsoft in the 1st quarter valued at about $147,000. Ballew Advisors Inc bought a new stake in Microsoft in the 1st quarter valued at about $164,000. Finally, Lara May & Associates LLC bought a new stake in Microsoft in the 1st quarter valued at about $199,000. 71.80% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ MSFT opened at $109.57 on Friday. Microsoft Co. has a twelve month low of $77.25 and a twelve month high of $116.18. The company has a market capitalization of $880.63 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The firm had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the previous year, the business earned $0.75 EPS. The company’s revenue was up 17.5% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 4.25 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Wednesday, November 14th. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s payout ratio is presently 43.30%.
MSFT has been the subject of a number of analyst reports. BidaskClub upgraded Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 18th. Griffin Securities lifted their price target on Microsoft from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Deutsche Bank lifted their price target on Microsoft to $130.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $121.00 price target for the company in a research note on Tuesday, July 24th. One 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $120.08.
In other news, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total value of $5,060,490.00. Following the transaction, the executive vice president now owns 109,687 shares in the company, valued at approximately $11,809,999.29. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 328,000 shares of the business’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 owns 778,596 shares in the company, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. Insiders sold a total of 650,042 shares of company stock worth $71,264,850 in the last 90 days. Company insiders own 1.49% of the company’s stock.
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 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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