Handelsbanken Fonder AB Sells 17,647 Shares of Microsoft Co. (MSFT)
Handelsbanken Fonder AB trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 590,130 shares of the software giant’s stock after selling 17,647 shares during the quarter. Microsoft makes up about 1.1% of Handelsbanken Fonder AB’s holdings, making the stock its 24th biggest position. Handelsbanken Fonder AB’s holdings in Microsoft were worth $58,193,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. Osterweis Capital Management Inc. increased its stake in Microsoft by 40.2% in the 1st quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock valued at $39,000,000 after buying an additional 122,615 shares during the period. Skye Global Management LP increased its stake in Microsoft by 174.8% in the 1st quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock valued at $182,440,000 after buying an additional 1,271,400 shares during the period. HC Financial Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at $2,206,000. FCG Advisors LLC increased its stake in Microsoft by 19.6% in the 1st quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock valued at $2,291,000 after buying an additional 4,111 shares during the period. Finally, American Century Companies Inc. increased its stake in Microsoft by 4.1% in the 1st quarter. American Century Companies Inc. now owns 14,905,083 shares of the software giant’s stock valued at $1,360,387,000 after buying an additional 590,793 shares during the period. 71.75% of the stock is currently owned by institutional investors and hedge funds.
In related news, EVP Margaret L. Johnson sold 47,000 shares of the business’s stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the sale, the executive vice president now directly owns 109,687 shares in the company, valued at approximately $11,809,999.29. The transaction was disclosed in a legal filing 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 dated Friday, August 10th. The stock was sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now owns 778,596 shares in the company, valued at $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 over the last quarter. Insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, topping the consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The business’s revenue was up 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. analysts forecast that Microsoft Co. will post 4.25 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be given a dividend of $0.46 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Wednesday, November 14th. Microsoft’s payout ratio is presently 43.30%.
MSFT has been the topic of several recent research reports. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, July 18th. Griffin Securities boosted their price objective on shares of Microsoft from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Friday, July 20th. Deutsche Bank boosted their price objective on shares of 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 objective on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 19th. Finally, Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $121.00 price objective on the stock in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $119.74.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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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