Microsoft Co. (MSFT) Shares Sold by Sit Investment Associates Inc.
Sit Investment Associates Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 9.9% during the 4th quarter, Holdings Channel reports. The firm owned 896,075 shares of the software giant’s stock after selling 98,250 shares during the period. Microsoft comprises about 1.8% of Sit Investment Associates Inc.’s investment portfolio, making the stock its biggest position. Sit Investment Associates Inc.’s holdings in Microsoft were worth $76,650,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in MSFT. Capital Research Global Investors raised its stake in Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock valued at $4,801,874,000 after purchasing an additional 47,353,245 shares during the period. Janus Henderson Group PLC raised its stake in Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock valued at $3,389,625,000 after purchasing an additional 42,243,011 shares during the period. Vanguard Group Inc. raised its stake in Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after purchasing an additional 25,053,413 shares during the period. Tiger Global Management LLC raised its stake in Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock valued at $722,903,000 after purchasing an additional 8,369,500 shares during the period. Finally, Polen Capital Management LLC bought a new stake in Microsoft during the 3rd quarter valued at approximately $527,480,000. 73.81% of the stock is currently owned by institutional investors and hedge funds.
In related news, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the transaction, the chief marketing officer now owns 178,278 shares in the company, valued at approximately $16,633,337.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now owns 174,778 shares of the company’s stock, valued at approximately $16,254,354. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 10,000 shares of company stock valued at $930,900. 1.49% of the stock is owned by company insiders.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The company had revenue of $28.92 billion during the quarter, compared to analysts’ expectations of $28.42 billion. During the same quarter in the previous year, the business earned $0.83 EPS. Microsoft’s revenue was up 11.9% compared to the same quarter last year. analysts forecast that Microsoft Co. will post 3.65 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Wednesday, May 16th. Microsoft’s payout ratio is currently 115.07%.
Several brokerages recently issued reports on MSFT. William Blair reissued a “buy” rating on shares of Microsoft in a research note on Wednesday. Vetr raised Microsoft from a “hold” rating to a “buy” rating and set a $100.04 target price on the stock in a research note on Tuesday, March 13th. Deutsche Bank set a $120.00 target price on Microsoft and gave the company a “buy” rating in a research note on Monday, March 12th. Zacks Investment Research downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, Tigress Financial reissued a “buy” rating on shares of Microsoft in a research note on Wednesday, February 14th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus target price of $99.41.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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