KAMES CAPITAL plc Has $53.59 Million Position in Microsoft Co. (MSFT)
KAMES CAPITAL plc increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 40.6% in the 2nd quarter, HoldingsChannel reports. The firm owned 543,427 shares of the software giant’s stock after purchasing an additional 156,890 shares during the period. Microsoft makes up 1.3% of KAMES CAPITAL plc’s investment portfolio, making the stock its 28th biggest position. KAMES CAPITAL plc’s holdings in Microsoft were worth $53,589,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Spectrum Financial Alliance Ltd LLC acquired a new position in Microsoft during the 1st quarter worth $147,000. Ballew Advisors Inc acquired a new position in Microsoft during the 1st quarter worth $164,000. Lara May & Associates LLC acquired a new position in Microsoft during the 1st quarter worth $199,000. Chartist Inc. CA acquired a new position in Microsoft during the 1st quarter worth $207,000. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. acquired a new position in Microsoft during the 1st quarter worth $210,000. 71.75% of the stock is owned by hedge funds and other institutional investors.
Microsoft stock opened at $114.67 on Tuesday. Microsoft Co. has a fifty-two week low of $72.92 and a fifty-two week high of $115.29. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $879.78 billion, a PE ratio of 29.55, a PEG ratio of 2.18 and a beta of 1.26.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be issued a $0.46 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Wednesday, November 14th. Microsoft’s payout ratio is presently 43.30%.
MSFT has been the subject of several analyst reports. Oppenheimer reissued a “buy” rating and set a $115.00 target price on shares of Microsoft in a research note on Friday, June 1st. Goldman Sachs Group reaffirmed a “buy” rating and set a $117.00 price objective on shares of Microsoft in a research report on Tuesday, June 5th. Argus reaffirmed a “focus list” rating and set a $116.00 price objective on shares of Microsoft in a research report on Wednesday, June 6th. Jefferies Financial Group reaffirmed a “sell” rating and set a $75.00 price objective on shares of Microsoft in a research report on Monday, June 11th. Finally, Morgan Stanley reaffirmed a “buy” rating and set a $130.00 price objective on shares of Microsoft in a research report on Monday, June 11th. One analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $119.74.
In other news, CMO Christopher C. Capossela sold 23,337 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at approximately $20,814,055.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jean Philippe Courtois sold 28,939 shares of the business’s stock in a transaction dated Thursday, August 9th. The shares were sold at an average price of $110.00, for a total value of $3,183,290.00. Following the completion of the sale, the insider now directly owns 500,782 shares of the company’s stock, valued at $55,086,020. The disclosure for this sale can be found here. Insiders sold a total of 650,042 shares of company stock valued at $71,264,850 over the last three months. Company insiders own 1.49% of the company’s stock.
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.
See Also: Earnings Per Share
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.