Microsoft Co. (MSFT) Stake Cut by Martingale Asset Management L P

Martingale Asset Management L P decreased its position in Microsoft Co. (NASDAQ:MSFT) by 3.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,708,870 shares of the software giant’s stock after selling 57,863 shares during the period. Microsoft makes up about 1.5% of Martingale Asset Management L P’s investment portfolio, making the stock its largest position. Martingale Asset Management L P’s holdings in Microsoft were worth $106,190,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. State Street Corp boosted its stake in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 316,129,357 shares of the software giant’s stock worth $19,644,277,000 after buying an additional 8,757,128 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Microsoft by 0.3% in the third quarter. Price T Rowe Associates Inc. MD now owns 178,592,140 shares of the software giant’s stock worth $10,286,907,000 after buying an additional 517,111 shares during the period. Bank of New York Mellon Corp increased its position in Microsoft by 1.0% in the third quarter. Bank of New York Mellon Corp now owns 119,567,792 shares of the software giant’s stock worth $6,887,104,000 after buying an additional 1,223,999 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its position in Microsoft by 1.0% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 21,813,440 shares of the software giant’s stock worth $1,256,454,000 after buying an additional 212,493 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Microsoft by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 18,783,456 shares of the software giant’s stock worth $1,167,317,000 after buying an additional 368,596 shares during the period. 72.29% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Shares of Microsoft Co. (NASDAQ:MSFT) traded up 1.37% during trading on Friday, hitting $66.40. The stock had a trading volume of 22,941,388 shares. The firm has a market cap of $513.11 billion, a P/E ratio of 31.25 and a beta of 1.08. Microsoft Co. has a 12-month low of $48.03 and a 12-month high of $66.70. The firm has a 50 day moving average price of $65.06 and a 200 day moving average price of $62.42.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, January 26th. The software giant reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.79 by $0.04. The company earned $26.07 billion during the quarter, compared to the consensus estimate of $25.13 billion. Microsoft had a net margin of 19.57% and a return on equity of 32.12%. Microsoft’s quarterly revenue was up 1.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.78 EPS. On average, equities analysts expect that Microsoft Co. will post $2.97 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a $0.39 dividend. The ex-dividend date is Tuesday, May 16th. This represents a $1.56 dividend on an annualized basis and a yield of 2.38%. Microsoft’s payout ratio is 73.59%.

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Several equities research analysts have recently commented on MSFT shares. Wells Fargo & Co started coverage on Microsoft in a report on Wednesday, January 11th. They issued an “outperform” rating for the company. Goldman Sachs Group Inc reissued a “buy” rating and issued a $72.00 price objective (up previously from $68.00) on shares of Microsoft in a report on Friday, January 27th. Raymond James Financial, Inc. reissued a “strong-buy” rating on shares of Microsoft in a report on Friday, March 17th. Royal Bank of Canada increased their price target on Microsoft from $65.00 to $71.00 and gave the company an “outperform” rating in a research note on Friday, January 27th. Finally, Cowen and Company restated an “outperform” rating and issued a $70.00 price target on shares of Microsoft in a research note on Thursday, March 16th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating, twenty-three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $67.28.

In related news, insider Frank H. Brod sold 7,500 shares of Microsoft stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $65.35, for a total value of $490,125.00. Following the completion of the sale, the insider now owns 114,008 shares in the company, valued at approximately $7,450,422.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider G Mason Morfit sold 11,000,000 shares of the firm’s stock in a transaction that occurred on Friday, February 3rd. The shares were sold at an average price of $63.32, for a total transaction of $696,520,000.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 19,623,500 shares of company stock valued at $1,253,600,525. 2.99% of the stock is owned by insiders.

Microsoft Company 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.

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