Harvard Management Co. Inc. lowered its position in Microsoft Co. (NASDAQ:MSFT) by 25.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,370,779 shares of the software giant’s stock after selling 476,606 shares during the period. Microsoft comprises about 31.8% of Harvard Management Co. Inc.’s investment portfolio, making the stock its biggest holding. Harvard Management Co. Inc.’s holdings in Microsoft were worth $135,173,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. WP Advisors LLC bought a new stake in Microsoft during the second quarter valued at about $131,000. Live Your Vision LLC grew its holdings in Microsoft by 58.7% during the second quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares during the period. CX Institutional bought a new stake in Microsoft during the second quarter valued at about $145,000. Lara May & Associates LLC bought a new stake in Microsoft during the first quarter valued at about $199,000. Finally, Creative Financial Designs Inc. ADV grew its holdings in Microsoft by 58.4% during the second quarter. Creative Financial Designs Inc. ADV now owns 2,017 shares of the software giant’s stock valued at $199,000 after purchasing an additional 744 shares during the period. 71.90% of the stock is owned by institutional investors.
Shares of Microsoft stock opened at $104.82 on Friday. Microsoft Co. has a 52 week low of $83.33 and a 52 week high of $116.18. The stock has a market capitalization of $835.58 billion, a PE ratio of 27.02, a price-to-earnings-growth ratio of 1.96 and a beta of 1.25. The company has a current ratio of 2.92, a quick ratio of 2.85 and a debt-to-equity ratio of 0.88.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion for the quarter, compared to the consensus estimate of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The business’s revenue was up 18.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.84 earnings per share. On average, equities research analysts anticipate that Microsoft Co. will post 4.43 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be given a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.76%. Microsoft’s dividend payout ratio is currently 47.42%.
Several analysts have issued reports on the company. Macquarie set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Monday, November 19th. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a report on Monday, November 19th. Citigroup boosted their price target on Microsoft from $113.00 to $114.00 and gave the company a “neutral” rating in a report on Thursday, October 25th. Stifel Nicolaus reissued a “buy” rating and set a $120.00 price target on shares of Microsoft in a report on Thursday, October 25th. Finally, Sanford C. Bernstein reissued a “buy” rating and set a $137.00 price target on shares of Microsoft in a report on Thursday, October 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $121.88.
In related news, CMO Christopher C. Capossela sold 10,000 shares of the business’s stock in a transaction dated Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the sale, the chief marketing officer now directly owns 177,931 shares in the company, valued at $19,887,347.87. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction dated Thursday, December 6th. The stock was sold at an average price of $108.00, for a total value of $432,000.00. Following the completion of the sale, the executive vice president now owns 173,931 shares in the company, valued at $18,784,548. The disclosure for this sale can be found here. Insiders sold 299,255 shares of company stock worth $32,229,279 over the last quarter. 1.49% of the stock is owned by company insiders.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's 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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