Terra Nova Asset Management LLC cut its stake in Microsoft Co. (NASDAQ: MSFT) by 22.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund held 14,650 shares of the software giant after selling 4,343 shares during the period. Microsoft makes up about 2.5% of the portfolio of Terra Nova Asset Management LLC, making the title the 12th largest holding company. The holdings of Terra Nova Asset Management LLC in Microsoft were worth $ 1,676,000 from the most recent SEC filing.
Several other hedge funds have recently bought and sold shares of the stock. Nwam LLC has increased its stake in Microsoft shares by 48.5% in the second quarter. Nwam LLC now owns 274,986 shares of the software giant's stock worth $ 27,116,000 after acquiring an additional 89,853 shares in the last quarter. Steward Partners Investment Advisory LLC increased its stake in Microsoft shares by 14.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 291,135 shares of the giant software title worth $ 28,709,000 after the acquisition of an additional 35,698 shares in the last quarter. CMH Wealth Management LLC increased its stake in Microsoft shares by 63.9% in the second quarter. CMH Wealth Management LLC now owns 44,483 software giant shares worth $ 4,449,000 after acquiring an additional 17,343 shares in the last quarter. TIAA FSB increased its stake in Microsoft shares by 14.9% in the second quarter. TIAA FSB now owns 622,724 software giant shares worth $ 61,406,000 after acquiring an additional 80,725 shares in the last quarter. Finally, Dudley & Shanley Inc. increased its stake in Microsoft shares by 19.7% during the second quarter. Dudley & Shanley Inc. now owns 85,201 software giant shares worth $ 8,402,000 after acquiring an additional 14,040 shares in the last quarter. Institutional investors own 73.81% of the company's shares.
In other Microsoft news, CEO Satya Nadella sold 267,466 shares of the stock in a transaction on Wednesday 6 February. The stock was sold at an average price of $ 106.01, for a total transaction of $ 28.354,070.66. Following the transaction, the CEO now owns n. 1,746,854 shares of the company, worth approximately $ 185,183,992.54. The sale was disclosed in a deposit with the SEC, which is available on the SEC website. In addition, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Monday 10 December. The stock was sold at an average price of $ 105.50, for a total value of $ 422,000.00. Following the transaction, the executive vice president now directly holds 169,931 company shares for a value of approximately $ 17,927,720.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 285,466 company shares for a value of $ 30,325,771. The 1.38% stake is owned by industry insiders.
Several equity research analysts have recently commented on the MSFT actions. Bank of America increased its price target on Microsoft from $ 134.00 to $ 135.00 and gave the title "buy" on a research note on Monday, October 22nd. reprinted a "buy" rating and set a price target of $ 127.00 on Microsoft's shares in a research note on Tuesday October 23rd. JPMorgan Chase & Co. reprinted a "buy" rating and set a price target of $ 115.00 on Microsoft's shares in a research note on Thursday 25 October. Nomura set a price target of $ 115.00 on Microsoft and awarded the title a "buy" score on a research note on Thursday, October 25th. Finally, Stifel Nicolaus reprinted a "buy" score and set a price target of $ 120.00 on Microsoft's shares in a research note on Thursday, October 25th. One research analyst assessed the stock with a sales rating, two gave a maintenance rating, thirty assigned a purchase rating, and two issued a strong purchase rating for the company. Microsoft currently has a "Buy" consensus rating and a consensus price target of $ 122.11.
MSFT stocks open for $ 108.22 Friday. Microsoft Co. has a minimum of 1 year of $ 87.08 and a maximum of 1 year of $ 116.18. The company has a debt / equity ratio of 0.82, a rapid ratio of 3.08 and a current ratio of 3.12. The company has a market capitalization of $ 833.27 billion, a P / E ratio of 27.89, a P / E / G ratio of 1.96 and a beta of 1.17.
The last time Microsoft (NASDAQ: MSFT) released earnings results on Wednesday, January 30th. The software giant posted earnings per share of $ 1.10 for the quarter, surpassing analysts' consensus estimates of $ 1.09 for $ 0.01. Microsoft achieved a return on equity of 39.52% and a net margin of 28.31%. The company recorded revenues of $ 32.47 billion in the quarter, compared to analysts' estimates of $ 32.53 billion. During the same quarter of the previous year, the company earned $ 0.96 EPS. Microsoft's revenues grew 12.3% year-on-year. Analysts expect Microsoft Co. to send 4.41 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors registered on Thursday 21 February will receive a dividend of $ 0.46. This represents a dividend of $ 1.84 on an annual basis and a return of 1.70%. The ex-coupon date is Wednesday 20 February. Microsoft's payout ratio is currently 47.42%.
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Microsoft Corporation develops, licenses and supports software, services, devices and solutions worldwide. The Company's Productivity and Business Processes segment offers Office 365 products and services for companies such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams and related CAL (Client Access License) licenses; Office 365 consumer services, including Skype, Outlook.com and OneDrive; LinkedIn professional online network; and Dynamics business solutions including financial management, corporate resource planning, customer relationship management, supply chain management and analytical applications for small and medium-sized businesses, large organizations and business divisions.
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