Banco de Sabadell S.A grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 33.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 259,659 shares of the software giant’s stock after purchasing an additional 65,061 shares during the quarter. Microsoft comprises 3.3% of Banco de Sabadell S.A’s portfolio, making the stock its 3rd biggest holding. Banco de Sabadell S.A’s holdings in Microsoft were worth $29,698,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Northern Trust Corp raised its stake in shares of Microsoft by 0.3% in the second quarter. Northern Trust Corp now owns 93,397,574 shares of the software giant’s stock valued at $9,209,934,000 after purchasing an additional 258,761 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Microsoft by 12.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 31,168,526 shares of the software giant’s stock valued at $3,073,529,000 after purchasing an additional 3,328,581 shares in the last quarter. Swiss National Bank raised its stake in shares of Microsoft by 2.8% in the second quarter. Swiss National Bank now owns 24,451,870 shares of the software giant’s stock valued at $2,411,199,000 after purchasing an additional 673,300 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its stake in shares of Microsoft by 2.5% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 23,889,840 shares of the software giant’s stock valued at $2,732,281,000 after purchasing an additional 592,064 shares in the last quarter. Finally, Fisher Asset Management LLC raised its stake in shares of Microsoft by 2.4% in the third quarter. Fisher Asset Management LLC now owns 18,769,302 shares of the software giant’s stock valued at $2,146,645,000 after purchasing an additional 444,758 shares in the last quarter. 72.12% of the stock is owned by institutional investors.
Microsoft stock opened at $114.59 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 3.12 and a quick ratio of 3.08. Microsoft Co. has a 52-week low of $87.08 and a 52-week high of $116.18. The firm has a market cap of $881.63 billion, a price-to-earnings ratio of 29.53, a P/E/G ratio of 2.09 and a beta of 1.21.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.01. The firm had revenue of $32.47 billion during the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The business’s revenue for the quarter was up 12.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.96 earnings per share. Equities analysts anticipate that Microsoft Co. will post 4.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is presently 47.42%.
A number of research analysts recently commented on MSFT shares. Oppenheimer set a $127.00 target price on Microsoft and gave the company a “buy” rating in a research note on Monday, November 19th. Credit Suisse Group set a $125.00 target price on Microsoft and gave the company a “buy” rating in a research note on Sunday, December 23rd. ValuEngine lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, March 1st. Sanford C. Bernstein set a $137.00 target price on Microsoft and gave the company a “buy” rating in a research note on Thursday, January 31st. Finally, Jefferies Financial Group restated a “sell” rating and issued a $75.00 target price on shares of Microsoft in a research note on Monday, November 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $122.51.
In other news, insider Jean Philippe Courtois sold 28,147 shares of the stock in a transaction on Friday, February 15th. The stock was sold at an average price of $108.14, for a total transaction of $3,043,816.58. Following the sale, the insider now owns 497,162 shares in the company, valued at $53,763,098.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday, February 6th. The stock was sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now owns 1,746,854 shares in the company, valued at approximately $185,183,992.54. The disclosure for this sale can be found here. Insiders have sold 333,667 shares of company stock worth $35,657,016 in the last 90 days. Company insiders own 1.38% of the company’s stock.
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Microsoft Company Profile
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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