Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tandem Capital Management Corp ADV
Tandem Capital Management Corp ADV trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,638 shares of the software giant’s stock after selling 542 shares during the quarter. Microsoft comprises approximately 5.7% of Tandem Capital Management Corp ADV’s portfolio, making the stock its biggest position. Tandem Capital Management Corp ADV’s holdings in Microsoft were worth $6,444,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Newfound Research LLC acquired a new position in Microsoft in the third quarter valued at approximately $32,000. Virtus ETF Advisers LLC boosted its holdings in shares of Microsoft by 230.5% in the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock valued at $40,000 after acquiring an additional 136 shares during the period. FNY Investment Advisers LLC acquired a new stake in shares of Microsoft in the third quarter valued at approximately $45,000. Virtus Alternative Investment Advisers Inc. acquired a new stake in shares of Microsoft in the second quarter valued at approximately $48,000. Finally, Your Advocates Ltd. LLP boosted its holdings in shares of Microsoft by 588.2% in the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock valued at $71,000 after acquiring an additional 300 shares during the period. 69.93% of the stock is owned by hedge funds and other institutional investors.
Shares of MSFT stock opened at $210.39 on Friday. Microsoft Co. has a fifty-two week low of $132.52 and a fifty-two week high of $232.86. The stock has a market cap of $1,590.65 billion, a P/E ratio of 33.99, a P/E/G ratio of 2.58 and a beta of 0.87. The business has a fifty day simple moving average of $213.80 and a 200-day simple moving average of $204.25. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.06%. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.
In related news, President Bradford L. Smith sold 200,000 shares of the stock in a transaction on Thursday, November 5th. The stock was 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 of the company’s stock, valued at $173,264,952.62. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 104,500 shares of the stock in a transaction on Thursday, November 5th. The shares were sold at an average price of $222.52, for a total value of $23,253,340.00. Following the sale, the chief executive officer now directly owns 1,392,573 shares in the company, valued at approximately $309,875,343.96. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 422,556 shares of company stock worth $93,282,154. Corporate insiders own 0.05% of the company’s stock.
MSFT has been the subject of several research analyst reports. Tigress Financial reissued a “buy” rating on shares of Microsoft in a report on Sunday, November 1st. The Goldman Sachs Group reissued a “buy” rating and issued a $255.00 price objective (up from $235.00) on shares of Microsoft in a report on Wednesday, October 28th. Stifel Nicolaus upped their price target on Microsoft from $220.00 to $245.00 and gave the stock a “buy” rating in a research note on Tuesday, October 20th. Fundamental Research upped their price target on Microsoft from $220.41 to $223.67 and gave the stock a “top pick” rating in a research note on Wednesday, October 28th. Finally, Mizuho upped their price target on Microsoft from $240.00 to $255.00 and gave the stock a “buy” rating in a research note on Thursday, October 15th. Three research analysts have rated the stock with a hold rating, twenty-nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $230.46.
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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