KAMES CAPITAL plc lifted its position in Microsoft Co. (NASDAQ:MSFT) by 40.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 543,427 shares of the software giant’s stock after acquiring an additional 156,890 shares during the period. Microsoft accounts for 1.3% of KAMES CAPITAL plc’s holdings, making the stock its 28th largest position. KAMES CAPITAL plc’s holdings in Microsoft were worth $53,589,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Spectrum Financial Alliance Ltd LLC purchased a new position in Microsoft during the first quarter worth approximately $147,000. Ballew Advisors Inc purchased a new position in Microsoft during the first quarter worth approximately $164,000. Lara May & Associates LLC purchased a new position in Microsoft during the first quarter worth approximately $199,000. AlphaStar Capital Management LLC purchased a new position in Microsoft during the fourth quarter worth approximately $204,000. Finally, Trilogy Capital Inc. purchased a new position in Microsoft during the fourth quarter worth approximately $207,000. 71.75% of the stock is currently owned by hedge funds and other institutional investors.
In other news, CMO Christopher C. Capossela sold 23,337 shares of Microsoft stock in a transaction on Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the sale, the chief marketing officer now directly owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 328,000 shares of Microsoft stock in a transaction on Friday, August 10th. The shares were sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the sale, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock valued at $71,264,850 over the last ninety days. Insiders own 1.49% of the company’s stock.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 19th. The software giant reported $1.13 EPS for the quarter, beating the Zacks’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. research analysts predict that Microsoft Co. will post 4.25 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, November 14th. This is a boost from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.60%. Microsoft’s payout ratio is presently 43.30%.
A number of equities analysts recently commented on MSFT shares. Barclays lifted their price objective on Microsoft from $117.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, September 7th. Oppenheimer lifted their price objective on Microsoft to $127.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 18th. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, August 27th. Morgan Stanley set a $130.00 price objective on Microsoft and gave the stock a “buy” rating in a research report on Monday, July 9th. Finally, KeyCorp reiterated a “buy” rating and set a $110.00 price objective on shares of Microsoft in a research report on Tuesday, July 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $119.74.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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.
Featured Story: What are the reasons investors use put options?
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.