Microsoft Co. (MSFT) Holdings Cut by Risk Paradigm Group LLC
Risk Paradigm Group LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 74.1% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,150 shares of the software giant’s stock after selling 3,294 shares during the quarter. Risk Paradigm Group LLC’s holdings in Microsoft were worth $113,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also modified their holdings of MSFT. Commerzbank Aktiengesellschaft FI raised its position in shares of Microsoft by 14.7% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 904,139 shares of the software giant’s stock worth $89,157,000 after purchasing an additional 116,056 shares during the period. Aviance Capital Management LLC grew its holdings in Microsoft by 19.6% during the second quarter. Aviance Capital Management LLC now owns 12,631 shares of the software giant’s stock worth $1,246,000 after buying an additional 2,070 shares in the last quarter. Azimuth Capital Management LLC grew its holdings in Microsoft by 0.8% during the second quarter. Azimuth Capital Management LLC now owns 220,207 shares of the software giant’s stock worth $21,715,000 after buying an additional 1,650 shares in the last quarter. AustralianSuper Pty Ltd grew its holdings in Microsoft by 43.1% during the second quarter. AustralianSuper Pty Ltd now owns 2,475,000 shares of the software giant’s stock worth $244,060,000 after buying an additional 745,200 shares in the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its holdings in Microsoft by 0.8% during the second quarter. Ferguson Wellman Capital Management Inc. now owns 1,262,591 shares of the software giant’s stock worth $124,505,000 after buying an additional 9,825 shares in the last quarter. 71.90% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:MSFT opened at $104.82 on Friday. The firm has a market capitalization of $840.74 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 1.98 and a beta of 1.25. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. Microsoft Co. has a 1 year low of $83.33 and a 1 year high of $116.18.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 21st will be paid a $0.46 dividend. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a yield of 1.76%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
MSFT has been the subject of several recent research reports. Jefferies Financial Group reiterated a “sell” rating and set a $75.00 price target on shares of Microsoft in a report on Monday, November 19th. Barclays upped their price target on Microsoft from $117.00 to $120.00 and gave the stock a “buy” rating in a report on Friday, September 7th. Oppenheimer set a $127.00 price target on Microsoft and gave the stock a “buy” rating in a report on Monday, October 1st. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Finally, Wells Fargo & Co reiterated a “buy” rating and set a $130.00 price target on shares of Microsoft in a report on Thursday, September 27th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $121.88.
In other news, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $108.00, for a total transaction of $432,000.00. Following the completion of the transaction, the executive vice president now owns 173,931 shares in the company, valued at approximately $18,784,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 203,418 shares of the stock in a transaction on Friday, October 26th. The stock was sold at an average price of $106.68, for a total value of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at approximately $108,199,869.96. The disclosure for this sale can be found here. Insiders sold a total of 299,255 shares of company stock valued at $32,229,279 in the last 90 days. Corporate insiders own 1.49% of the company’s stock.
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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 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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