Tandem Investment Advisors Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,889 shares of the software giant’s stock, valued at approximately $4,964,000. Microsoft accounts for about 2.4% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 17th largest position.
A number of other hedge funds have also bought and sold shares of the company. State Street Corp increased its position 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 period. 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.
Shares of Microsoft Co. (NASDAQ:MSFT) traded up 1.37% during mid-day trading on Friday, hitting $66.40. The company had a trading volume of 22,941,388 shares. Microsoft Co. has a 52-week low of $48.03 and a 52-week high of $66.70. The firm has a market capitalization of $513.11 billion, a price-to-earnings ratio of 31.25 and a beta of 1.08. 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 posted its quarterly earnings data on Thursday, January 26th. The software giant reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.04. The company had revenue of $26.07 billion for the quarter, compared to analyst estimates 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 period in the previous year, the business posted $0.78 earnings per share. Analysts expect that Microsoft Co. will post $2.97 earnings per share for the current 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 paid a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, May 16th. This represents a $1.56 dividend on an annualized basis and a yield of 2.38%. Microsoft’s dividend payout ratio is presently 73.59%.
Several equities research analysts have recently commented on MSFT shares. Morgan Stanley reissued an “overweight” rating and issued a $74.00 price objective (up previously from $62.00) on shares of Microsoft in a report on Friday, December 23rd. BGC Financial increased their price target on Microsoft to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, January 25th. Barclays PLC set a $70.00 price target on Microsoft and gave the company a “buy” rating in a research note on Friday, January 6th. Jefferies Group LLC increased their price target on Microsoft from $43.00 to $45.00 and gave the company an “underperform” rating in a research note on Friday, January 27th. Finally, Zacks Investment Research cut Microsoft from a “buy” rating to a “hold” rating in a research report on Friday, January 13th. Three equities 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 assigned a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and an average target price of $67.28.
In related news, Director William H. Gates III sold 2,000,000 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The shares were sold at an average price of $65.11, for a total transaction of $130,220,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, January 30th. The stock was sold at an average price of $65.35, for a total transaction of $490,125.00. Following the transaction, the insider now directly owns 114,008 shares of the company’s stock, valued at approximately $7,450,422.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,623,500 shares of company stock worth $1,253,600,525. 2.99% of the stock is currently owned by company 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.
Receive News & Ratings for Microsoft Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft Co. and related companies with MarketBeat.com's FREE daily email newsletter.