Jarislowsky Fraser Ltd lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,237,710 shares of the software giant’s stock after selling 25,198 shares during the quarter. Microsoft comprises 2.8% of Jarislowsky Fraser Ltd’s investment portfolio, making the stock its 12th biggest holding. Jarislowsky Fraser Ltd’s holdings in Microsoft were worth $470,657,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in MSFT. Newfound Research LLC bought a new position in shares of Microsoft during the 3rd quarter worth about $32,000. Virtus ETF Advisers LLC boosted its position in shares of Microsoft by 230.5% during the 2nd quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after purchasing an additional 136 shares in the last quarter. FNY Investment Advisers LLC bought a new position in shares of Microsoft during the 3rd quarter worth about $45,000. Virtus Alternative Investment Advisers Inc. bought a new position in shares of Microsoft during the 2nd quarter worth about $48,000. Finally, Your Advocates Ltd. LLP boosted its position in shares of Microsoft by 588.2% during the 2nd quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock worth $71,000 after purchasing an additional 300 shares in the last quarter. 69.93% of the stock is currently owned by institutional investors.

MSFT has been the topic of a number of research analyst reports. Royal Bank of Canada increased their price objective on shares of Microsoft from $230.00 to $250.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 13th. Jefferies Financial Group set a $260.00 target price on shares of Microsoft and gave the stock a “buy” rating in a report on Wednesday, October 28th. The Goldman Sachs Group restated a “buy” rating and issued a $255.00 target price (up previously from $235.00) on shares of Microsoft in a report on Wednesday, October 28th. Morgan Stanley upped their target price on shares of Microsoft from $245.00 to $249.00 and gave the stock an “overweight” rating in a report on Wednesday, October 28th. Finally, Barclays restated a “buy” rating and issued a $250.00 target price on shares of Microsoft in a report on Wednesday, October 28th. Three analysts have rated the stock with a hold rating, twenty-nine have issued a buy rating and two have issued a strong buy rating to the company. Microsoft currently has an average rating of “Buy” and an average target price of $230.46.

In other news, EVP Jean Philippe Courtois sold 15,014 shares of the firm’s stock in a transaction on Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the sale, the executive vice president now owns 545,484 shares in the company, valued at approximately $116,509,927.56. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, President Bradford L. Smith sold 200,000 shares of the firm’s stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $222.58, for a total transaction of $44,516,000.00. Following the sale, the president now owns 778,439 shares in the company, valued at approximately $173,264,952.62. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 422,556 shares of company stock worth $93,282,154. Corporate insiders own 0.05% of the company’s stock.

Shares of NASDAQ:MSFT opened at $210.39 on Friday. The firm has a fifty day moving average price of $213.80 and a two-hundred day moving average price of $204.25. The company has a debt-to-equity ratio of 0.46, a current ratio of 2.53 and a quick ratio of 2.49. Microsoft Co. has a one year low of $132.52 and a one year high of $232.86. The company has a market cap of $1,590.65 billion, a price-to-earnings ratio of 33.99, a PEG ratio of 2.58 and a beta of 0.87.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.29. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. Equities research analysts expect that Microsoft Co. will post 6.74 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 annualized dividend and a dividend yield of 1.06%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is 38.89%.

Microsoft Company Profile

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, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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