Microsoft Co. (MSFT) Shares Bought by Fisher Asset Management LLC
Fisher Asset Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 4.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,324,544 shares of the software giant’s stock after purchasing an additional 726,904 shares during the quarter. Microsoft makes up approximately 2.3% of Fisher Asset Management LLC’s investment portfolio, making the stock its 7th largest holding. Fisher Asset Management LLC owned about 0.24% of Microsoft worth $1,806,983,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. Spectrum Financial Alliance Ltd LLC purchased a new stake in shares of Microsoft during the first quarter worth about $147,000. Ballew Advisors Inc purchased a new stake in shares of Microsoft during the first quarter worth about $164,000. Lara May & Associates LLC purchased a new stake in Microsoft in the first quarter valued at approximately $199,000. Chartist Inc. CA purchased a new stake in Microsoft in the first quarter valued at approximately $207,000. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. purchased a new stake in Microsoft in the first quarter valued at approximately $210,000. Institutional investors and hedge funds own 71.75% of the company’s stock.
In other news, EVP Margaret L. Johnson sold 47,000 shares of the company’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the completion of the transaction, the executive vice president now directly owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CMO Christopher C. Capossela sold 23,337 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 650,042 shares of company stock valued at $71,264,850. Corporate insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The business had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The business’s quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS. sell-side analysts forecast that Microsoft Co. will post 4.25 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.61%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. Microsoft’s dividend payout ratio is presently 43.30%.
A number of equities research analysts recently commented on MSFT shares. Oppenheimer reiterated a “buy” rating and issued a $115.00 target price on shares of Microsoft in a research report on Friday, June 1st. Goldman Sachs Group reiterated a “buy” rating and issued a $117.00 target price on shares of Microsoft in a research report on Tuesday, June 5th. Argus restated a “focus list” rating and issued a $116.00 price objective on shares of Microsoft in a research report on Wednesday, June 6th. Jefferies Financial Group restated a “sell” rating and issued a $75.00 price objective on shares of Microsoft in a research report on Monday, June 11th. Finally, Morgan Stanley restated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a research report on Monday, June 11th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $119.74.
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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