Microsoft Co. (MSFT) Holdings Raised by Xact Kapitalforvaltning AB

Xact Kapitalforvaltning AB boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% in the second quarter, HoldingsChannel.com reports. The fund owned 1,501,342 shares of the software giant’s stock after buying an additional 40,057 shares during the quarter. Microsoft accounts for 3.1% of Xact Kapitalforvaltning AB’s portfolio, making the stock its 2nd biggest holding. Xact Kapitalforvaltning AB’s holdings in Microsoft were worth $148,047,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Claraphi Advisory Network LLC lifted its holdings in shares of Microsoft by 4.8% during the 1st quarter. Claraphi Advisory Network LLC now owns 11,660 shares of the software giant’s stock valued at $1,064,000 after buying an additional 529 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in shares of Microsoft by 1.0% during the 1st quarter. Nicollet Investment Management Inc. now owns 54,436 shares of the software giant’s stock valued at $4,968,000 after buying an additional 538 shares during the last quarter. Stonebridge Capital Advisors LLC lifted its holdings in shares of Microsoft by 0.5% during the 1st quarter. Stonebridge Capital Advisors LLC now owns 112,612 shares of the software giant’s stock valued at $10,278,000 after buying an additional 539 shares during the last quarter. Clearwater Capital Advisors LLC lifted its holdings in shares of Microsoft by 10.5% during the 1st quarter. Clearwater Capital Advisors LLC now owns 5,698 shares of the software giant’s stock valued at $520,000 after buying an additional 540 shares during the last quarter. Finally, Intrust Bank NA lifted its holdings in shares of Microsoft by 0.9% during the 1st quarter. Intrust Bank NA now owns 62,648 shares of the software giant’s stock valued at $5,718,000 after buying an additional 547 shares during the last quarter. Hedge funds and other institutional investors own 71.75% of the company’s stock.

Shares of MSFT stock opened at $113.98 on Thursday. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94. Microsoft Co. has a twelve month low of $73.17 and a twelve month high of $115.29. The company has a market capitalization of $882.94 billion, a P/E ratio of 29.38, a P/E/G ratio of 2.19 and a beta of 1.26.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share 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 business had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. During the same period last year, the business earned $0.75 EPS. The firm’s revenue was up 17.5% compared to the same quarter last year. research analysts forecast that Microsoft Co. will post 4.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.61%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date is Wednesday, November 14th. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.

Several brokerages have recently issued reports on MSFT. BidaskClub lowered Microsoft from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 26th. Stifel Nicolaus lifted their price target on Microsoft from $107.00 to $118.00 and gave the company a “buy” rating in a report on Friday, July 20th. Sanford C. Bernstein set a $135.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, July 20th. Bank of America lifted their price target on Microsoft from $123.00 to $130.00 and gave the company a “buy” rating in a report on Tuesday, July 17th. Finally, Wells Fargo & Co set a $120.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, July 20th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, twenty-nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft has an average rating of “Buy” and an average target price of $119.74.

In other Microsoft news, CFO Amy Hood sold 118,000 shares of Microsoft stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $110.90, for a total value of $13,086,200.00. Following the transaction, the chief financial officer now directly owns 669,327 shares of the company’s stock, valued at approximately $74,228,364.30. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 328,000 shares of Microsoft stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the transaction, the chief executive officer now directly owns 778,596 shares in the company, valued at $85,209,546.24. The disclosure for this sale can be found here. Insiders sold a total of 650,042 shares of company stock worth $71,264,850 over the last three months. 1.49% of the stock is owned by company insiders.

Microsoft Profile

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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