Diversified Investment Strategies LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 31.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 27,973 shares of the software giant’s stock after selling 12,610 shares during the period. Microsoft comprises about 4.4% of Diversified Investment Strategies LLC’s portfolio, making the stock its 10th biggest holding. Diversified Investment Strategies LLC’s holdings in Microsoft were worth $4,411,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. FUKOKU MUTUAL LIFE INSURANCE Co boosted its holdings in Microsoft by 18.4% during the fourth quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 52,780 shares of the software giant’s stock valued at $8,323,000 after acquiring an additional 8,210 shares during the period. Pictet & Cie Europe SA boosted its holdings in Microsoft by 0.7% during the fourth quarter. Pictet & Cie Europe SA now owns 134,427 shares of the software giant’s stock valued at $21,199,000 after acquiring an additional 881 shares during the period. Gunderson Capital Management Inc. boosted its holdings in Microsoft by 74.2% during the fourth quarter. Gunderson Capital Management Inc. now owns 5,322 shares of the software giant’s stock valued at $839,000 after acquiring an additional 2,267 shares during the period. Provident Trust Co. boosted its holdings in Microsoft by 1.4% during the fourth quarter. Provident Trust Co. now owns 11,012 shares of the software giant’s stock valued at $1,737,000 after acquiring an additional 150 shares during the period. Finally, Daiwa Securities Group Inc. boosted its holdings in Microsoft by 10.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 509,987 shares of the software giant’s stock valued at $80,423,000 after acquiring an additional 48,990 shares during the period. 71.91% of the stock is currently owned by hedge funds and other institutional investors.
A number of research firms have issued reports on MSFT. Tigress Financial restated a “buy” rating on shares of Microsoft in a report on Monday, December 23rd. Nomura upped their price target on shares of Microsoft from $161.00 to $195.00 and gave the company a “buy” rating in a report on Friday, January 31st. Bank of America restated a “buy” rating and set a $200.00 price target on shares of Microsoft in a report on Thursday, January 30th. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $184.00 price target for the company in a report on Friday, January 31st. Finally, Citigroup upped their price target on shares of Microsoft from $155.00 to $174.00 and gave the company a “neutral” rating in a report on Thursday, January 30th. Two analysts have rated the stock with a hold rating, thirty-two have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $187.06.
NASDAQ:MSFT opened at $185.35 on Friday. Microsoft Co. has a 12-month low of $106.29 and a 12-month high of $190.70. The company has a quick ratio of 2.77, a current ratio of 2.80 and a debt-to-equity ratio of 0.64. The firm has a market capitalization of $1,409.78 billion, a PE ratio of 32.29, a price-to-earnings-growth ratio of 2.53 and a beta of 1.15. The firm has a 50-day moving average price of $167.51 and a 200 day moving average price of $148.77.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $1.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.32 by $0.19. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. The firm had revenue of $36.91 billion during the quarter, compared to analyst estimates of $35.68 billion. During the same quarter in the prior year, the business posted $1.10 earnings per share. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, research analysts expect that Microsoft Co. will post 5.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, February 19th. Microsoft’s payout ratio is 42.95%.
In other news, EVP Margaret L. Johnson sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the completion of the sale, the executive vice president now owns 62,423 shares of the company’s stock, valued at $9,364,074.23. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jean Philippe Courtois sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the sale, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at approximately $104,589,670.50. The disclosure for this sale can be found here. Company insiders own 1.39% 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, 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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