Courier Capital LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 86,243 shares of the software giant’s stock after purchasing an additional 451 shares during the quarter. Microsoft accounts for 2.1% of Courier Capital LLC’s holdings, making the stock its 8th biggest position. Courier Capital LLC’s holdings in Microsoft were worth $20,333,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Norges Bank bought a new stake in Microsoft during the 4th quarter worth approximately $17,697,996,000. Morgan Stanley increased its stake in Microsoft by 14.7% during the 4th quarter. Morgan Stanley now owns 69,099,798 shares of the software giant’s stock worth $15,369,178,000 after purchasing an additional 8,865,366 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Microsoft by 7.4% during the 4th quarter. Nuveen Asset Management LLC now owns 60,306,979 shares of the software giant’s stock worth $13,413,478,000 after purchasing an additional 4,140,017 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Microsoft by 2.3% during the 4th quarter. UBS Asset Management Americas Inc. now owns 54,786,208 shares of the software giant’s stock worth $12,185,548,000 after purchasing an additional 1,250,690 shares in the last quarter. Finally, Alliancebernstein L.P. increased its stake in Microsoft by 1.8% during the 4th quarter. Alliancebernstein L.P. now owns 46,539,793 shares of the software giant’s stock worth $10,351,380,000 after purchasing an additional 810,676 shares in the last quarter. 69.01% of the stock is owned by institutional investors and hedge funds.
In other Microsoft news, Director Emma N. Walmsley bought 4,300 shares of the firm’s stock in a transaction on Wednesday, March 10th. The shares were purchased at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the transaction, the director now directly owns 5,026 shares in the company, valued at approximately $1,190,156.80. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Jean Philippe Courtois sold 18,358 shares of Microsoft stock in a transaction dated Thursday, January 28th. The shares were sold at an average price of $239.60, for a total value of $4,398,576.80. Following the completion of the transaction, the executive vice president now owns 593,915 shares in the company, valued at approximately $142,302,034. The disclosure for this sale can be found here. Insiders own 0.05% of the company’s stock.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Monday, January 25th. The software giant reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company had revenue of $43.08 billion for the quarter, compared to analysts’ expectations of $40.23 billion. During the same quarter last year, the business earned $1.51 earnings per share. Microsoft’s revenue was up 16.7% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 6.73 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 19th. Microsoft’s dividend payout ratio is presently 38.89%.
Several brokerages have recently weighed in on MSFT. UBS Group reaffirmed a “buy” rating and set a $275.00 price target on shares of Microsoft in a research note on Tuesday, February 9th. Barclays raised their price target on shares of Microsoft from $250.00 to $269.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 27th. Cowen raised their price target on shares of Microsoft from $245.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. Oppenheimer raised their price target on shares of Microsoft from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. Finally, Bank of America raised their price target on shares of Microsoft from $256.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 27th. Two research analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and three have issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and a consensus price target of $269.41.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.
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