Hermes Investment Management Ltd. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 16.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 792,779 shares of the software giant’s stock after purchasing an additional 111,037 shares during the period. Hermes Investment Management Ltd.’s holdings in Microsoft were worth $59,054,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. Howe & Rusling Inc. boosted its stake in shares of Microsoft by 11.8% during the 3rd quarter. Howe & Rusling Inc. now owns 153,052 shares of the software giant’s stock worth $11,401,000 after acquiring an additional 16,107 shares in the last quarter. Lincoln Capital Corp boosted its stake in shares of Microsoft by 2.2% during the 3rd quarter. Lincoln Capital Corp now owns 92,518 shares of the software giant’s stock worth $6,892,000 after acquiring an additional 2,032 shares in the last quarter. Locust Wood Capital Advisers LLC purchased a new stake in shares of Microsoft during the 3rd quarter worth approximately $30,286,000. MEMBERS Trust Co boosted its stake in shares of Microsoft by 8.8% during the 3rd quarter. MEMBERS Trust Co now owns 17,605 shares of the software giant’s stock worth $1,311,000 after acquiring an additional 1,417 shares in the last quarter. Finally, Montrusco Bolton Investments Inc. boosted its stake in shares of Microsoft by 2.8% during the 3rd quarter. Montrusco Bolton Investments Inc. now owns 127,127 shares of the software giant’s stock worth $9,470,000 after acquiring an additional 3,417 shares in the last quarter. Institutional investors own 73.16% of the company’s stock.

In other news, insider Frank H. Brod sold 18,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. Insiders own 1.49% of the company’s stock.

Several equities research analysts have recently commented on the company. Wells Fargo & Co reissued an “outperform” rating and set a $100.00 price target (up previously from $90.00) on shares of Microsoft in a research note on Friday. Barclays set a $95.00 target price on Microsoft and gave the company an “overweight” rating in a research note on Friday. Zacks Investment Research lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday. Oppenheimer upped their target price on Microsoft to $115.00 and gave the company an “outperform” rating in a research note on Tuesday. Finally, Piper Jaffray Companies reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, January 4th. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have given a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $86.97.

Shares of Microsoft Co. (MSFT) traded up $1.52 on Friday, reaching $89.60. The company’s stock had a trading volume of 24,260,921 shares, compared to its average volume of 23,290,000. The firm has a market cap of $691,070.00, a P/E ratio of 30.27, a PEG ratio of 2.05 and a beta of 0.99. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.12 and a quick ratio of 3.06. Microsoft Co. has a 52 week low of $62.03 and a 52 week high of $89.78.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s revenue for the quarter was up 11.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.76 EPS. research analysts anticipate that Microsoft Co. will post 3.39 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.88%. Microsoft’s payout ratio is 56.76%.

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About Microsoft

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)



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