River & Mercantile Asset Management LLP Boosts Position in Microsoft Co. (MSFT)

River & Mercantile Asset Management LLP raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 13.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 91,642 shares of the software giant’s stock after purchasing an additional 10,829 shares during the period. Microsoft accounts for approximately 1.0% of River & Mercantile Asset Management LLP’s investment portfolio, making the stock its 24th biggest holding. River & Mercantile Asset Management LLP’s holdings in Microsoft were worth $6,822,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Acrospire Investment Management LLC increased its position in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after acquiring an additional 1,200 shares during the period. Hefty Wealth Partners boosted its holdings in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the last quarter. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the last quarter. Opera Trading Capital boosted its holdings in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares during the last quarter. Finally, Pacific Center for Financial Services boosted its holdings in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after purchasing an additional 75 shares during the last quarter. 73.16% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Christopher C. Capossela sold 4,000 shares of Microsoft stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the completion of the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $3,759,420 in the last 90 days. Insiders own 1.49% of the company’s stock.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $89.60 on Friday. The stock has a market cap of $691,070.00, a P/E ratio of 30.27, a PEG ratio of 2.06 and a beta of 0.99. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. Microsoft Co. has a 1-year low of $62.03 and a 1-year high of $89.78.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s revenue was up 11.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. research analysts forecast that Microsoft Co. will post 3.38 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.88%. Microsoft’s dividend payout ratio is currently 56.76%.

MSFT has been the topic of several recent research reports. Canaccord Genuity reaffirmed a “hold” rating and issued a $76.00 price target on shares of Microsoft in a report on Friday, September 15th. Royal Bank of Canada set a $77.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Monday, September 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Microsoft in a report on Monday, September 18th. Oppenheimer set a $80.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Monday, September 25th. Finally, ValuEngine lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $86.97.

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Microsoft Profile

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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