Microsoft Corporation $MSFT Shares Bought by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 9.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 219,809 shares of the software giant’s stock after buying an additional 19,760 shares during the quarter. Microsoft makes up approximately 3.3% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 10th largest position. Reynders McVeigh Capital Management LLC’s holdings in Microsoft were worth $81,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently added to or reduced their stakes in MSFT. Hedeker Wealth LLC lifted its holdings in Microsoft by 6.9% in the second quarter. Hedeker Wealth LLC now owns 55,236 shares of the software giant’s stock valued at $20,604,000 after acquiring an additional 3,546 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management grew its position in Microsoft by 4.0% in the second quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 229,490 shares of the software giant’s stock worth $85,604,000 after acquiring an additional 8,773 shares during the period. D.B. Root & Company LLC acquired a new stake in Microsoft during the second quarter worth $3,652,000. Dearborn Partners LLC acquired a new stake in Microsoft during the second quarter worth $75,641,000. Finally, GTS Securities LLC raised its position in Microsoft by 44.6% in the second quarter. GTS Securities LLC now owns 271,597 shares of the software giant’s stock valued at $101,311,000 after purchasing an additional 83,734 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Tigress Financial upped their price target on Microsoft from $680.00 to $690.00 and gave the company a “buy” rating in a research note on Wednesday, August 5th. Benchmark reiterated a “buy” rating on shares of Microsoft in a report on Friday, July 24th. Jefferies Financial Group raised their price objective on Microsoft from $575.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Raymond James Financial set a $650.00 price objective on shares of Microsoft in a report on Thursday, October 29th. Finally, Argus decreased their target price on shares of Microsoft from $620.00 to $510.00 and set a “buy” rating on the stock in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, forty-five have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $609.54.

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Insider Activity

In other Microsoft news, EVP Amy Hood sold 41,674 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $498.27, for a total transaction of $20,764,903.98. Following the sale, the executive vice president directly owned 533,624 shares in the company, valued at $265,888,830.48. This represents a 7.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satya Nadella sold 86,525 shares of the stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total transaction of $43,388,826.50. Following the sale, the chief executive officer directly owned 486,763 shares in the company, valued at $244,092,173.98. This represents a 15.09% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 135,504 shares of company stock valued at $68,138,024. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 6.7%

NASDAQ:MSFT opened at $555.80 on Thursday. The company has a quick ratio of 1.21, a current ratio of 1.22 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $515.34 and its two-hundred day moving average is $439.42. Microsoft Corporation has a 52 week low of $349.20 and a 52 week high of $559.15. The stock has a market capitalization of $4.13 trillion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 1.54 and a beta of 1.05.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Wednesday, October 28th. The software giant reported $4.89 earnings per share for the quarter, beating analysts’ consensus estimates of $4.72 by $0.17. The business had revenue of $92.28 billion during the quarter, compared to analysts’ expectations of $90.62 billion. Microsoft had a return on equity of 31.28% and a net margin of 41.17%. The company’s revenue was up 18.8% on a year-over-year basis. During the same period in the previous year, the firm posted $4.13 earnings per share. Research analysts anticipate that Microsoft Corporation will post 19.86 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be given a $0.98 dividend. The ex-dividend date of this dividend is Thursday, November 19th. This represents a $3.92 annualized dividend and a yield of 0.7%. This is an increase from Microsoft’s previous quarterly dividend of $0.91. Microsoft’s dividend payout ratio is presently 19.00%.

More Microsoft News

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About Microsoft

(Free Report)

Microsoft Corporation (NASDAQ:MSFT) is a global technology company that develops software, cloud services, devices and digital platforms. Its products and services are used by consumers, businesses, governments and educational institutions worldwide.

The company’s principal offerings include the Windows operating system; Microsoft 365 productivity applications such as Word, Excel, Teams and Outlook; Azure cloud computing and infrastructure services; Dynamics business applications; and enterprise security solutions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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