Somerville Kurt F reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 132,633 shares of the software giant’s stock after selling 18,499 shares during the quarter. Microsoft accounts for approximately 2.3% of Somerville Kurt F’s holdings, making the stock its 21st biggest position. Somerville Kurt F’s holdings in Microsoft were worth $11,346,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in MSFT. Morse Asset Management Inc grew its stake in shares of Microsoft by 2.4% during the 3rd quarter. Morse Asset Management Inc now owns 82,965 shares of the software giant’s stock valued at $6,180,000 after acquiring an additional 1,940 shares during the period. Whalerock Point Partners LLC grew its stake in shares of Microsoft by 1.6% during the 3rd quarter. Whalerock Point Partners LLC now owns 40,221 shares of the software giant’s stock valued at $2,996,000 after acquiring an additional 621 shares during the period. Beaumont Financial Partners LLC grew its stake in shares of Microsoft by 7.8% during the 3rd quarter. Beaumont Financial Partners LLC now owns 8,565 shares of the software giant’s stock valued at $638,000 after acquiring an additional 623 shares during the period. First Merchants Corp grew its stake in shares of Microsoft by 63.5% during the 3rd quarter. First Merchants Corp now owns 82,500 shares of the software giant’s stock valued at $6,145,000 after acquiring an additional 32,034 shares during the period. Finally, Verity & Verity LLC grew its stake in shares of Microsoft by 0.6% during the 3rd quarter. Verity & Verity LLC now owns 125,769 shares of the software giant’s stock valued at $9,368,000 after acquiring an additional 798 shares during the period. Institutional investors and hedge funds own 72.44% of the company’s stock.
MSFT has been the topic of a number of research analyst reports. Vetr cut Microsoft from a “buy” rating to a “hold” rating and set a $94.20 price target on the stock. in a report on Tuesday, February 6th. UBS set a $110.00 price target on Microsoft and gave the stock a “buy” rating in a report on Thursday, February 1st. Deutsche Bank reissued a “buy” rating and issued a $115.00 price target on shares of Microsoft in a report on Thursday, February 1st. Atlantic Securities set a $97.00 price target on Microsoft and gave the stock a “neutral” rating in a report on Thursday, February 1st. Finally, Canaccord Genuity boosted their price target on Microsoft from $105.00 to $110.00 and gave the stock a “buy” rating in a report on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have assigned a buy rating to the company. Microsoft has an average rating of “Buy” and a consensus price target of $103.13.
Shares of Microsoft stock opened at $97.50 on Wednesday. The firm has a market capitalization of $741.95 billion, a price-to-earnings ratio of 29.46, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40. Microsoft Co. has a 52 week low of $67.43 and a 52 week high of $98.69.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.10. The company had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. Microsoft’s quarterly revenue was up 15.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 EPS. equities analysts expect that Microsoft Co. will post 3.8 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.72%. The ex-dividend date is Wednesday, May 16th. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Friday, February 23rd. The stock was 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 171,278 shares of the company’s stock, valued at approximately $15,928,854. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.49% of the company’s stock.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.