November 10, 2019 at 9:37 pm

Microsoft Co. (NASDAQ:MSFT) Shares Bought by State of Tennessee Treasury Department

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State of Tennessee Treasury Department increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.1% in the third quarter, Holdings Channel reports. The firm owned 4,363,290 shares of the software giant’s stock after buying an additional 132,421 shares during the quarter. Microsoft accounts for approximately 2.8% of State of Tennessee Treasury Department’s holdings, making the stock its biggest holding. State of Tennessee Treasury Department’s holdings in Microsoft were worth $606,628,000 at the end of the most recent reporting period.

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Several other institutional investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA lifted its holdings in Microsoft by 274.5% during the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after acquiring an additional 140 shares in the last quarter. Krane Funds Advisors LLC bought a new stake in shares of Microsoft in the second quarter valued at about $26,000. Centaurus Financial Inc. lifted its holdings in shares of Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after purchasing an additional 561 shares in the last quarter. Selective Wealth Management Inc. bought a new stake in shares of Microsoft in the third quarter valued at about $36,000. Finally, Atwater Malick LLC bought a new stake in shares of Microsoft in the third quarter valued at about $37,000. 72.20% of the stock is owned by institutional investors and hedge funds.

In other Microsoft news, CMO Christopher C. Capossela sold 2,500 shares of the company’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total transaction of $360,025.00. Following the completion of the sale, the chief marketing officer now directly owns 118,944 shares in the company, valued at $17,129,125.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Frank H. Brod sold 4,000 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total value of $548,680.00. Following the sale, the chief accounting officer now owns 54,306 shares of the company’s stock, valued at $7,449,154.02. The disclosure for this sale can be found here. Insiders have sold 339,804 shares of company stock valued at $46,790,619 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

A number of brokerages have recently commented on MSFT. Morgan Stanley boosted their price target on Microsoft from $155.00 to $157.00 and gave the company an “overweight” rating in a report on Thursday, October 24th. Mizuho boosted their price target on Microsoft from $152.00 to $160.00 and gave the company a “buy” rating in a report on Monday, October 28th. UBS Group set a $162.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Oppenheimer boosted their price target on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, July 19th. Finally, Goldman Sachs Group restated a “buy” rating and issued a $151.00 price target on shares of Microsoft in a report on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $159.45.

Shares of NASDAQ MSFT opened at $145.96 on Friday. The business’s 50 day moving average price is $139.85 and its two-hundred day moving average price is $135.04. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $145.99. The company has a market cap of $1,102.06 billion, a PE ratio of 30.73, a price-to-earnings-growth ratio of 2.27 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.24 by $0.14. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. The firm had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. During the same period in the prior year, the company earned $1.14 earnings per share. The company’s quarterly revenue was up 13.7% on a year-over-year basis. As a group, research analysts anticipate that Microsoft Co. will post 5.35 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has approved a share buyback plan on Wednesday, September 18th that permits the company to repurchase $40.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.40%. Microsoft’s dividend payout ratio is presently 38.74%.

Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, 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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