Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mercer Capital Advisers Inc.

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Mercer Capital Advisers Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,638 shares of the software giant’s stock after selling 783 shares during the period. Microsoft accounts for about 6.8% of Mercer Capital Advisers Inc.’s holdings, making the stock its biggest position. Mercer Capital Advisers Inc.’s holdings in Microsoft were worth $10,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of MSFT. Lunia Capital LP raised its holdings in Microsoft by 9,650.2% in the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock valued at $17,037,000 after acquiring an additional 16,861,809 shares during the last quarter. Thoroughbred Financial Services LLC raised its holdings in Microsoft by 13,479.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock valued at $872,628,000 after acquiring an additional 8,662,023 shares during the last quarter. Actiam N.V. acquired a new position in Microsoft in the 4th quarter valued at $117,106,000. Mn Services Vermogensbeheer B.V. raised its holdings in Microsoft by 74.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock valued at $180,823,000 after acquiring an additional 867,711 shares during the last quarter. Finally, Fisher Asset Management LLC raised its holdings in Microsoft by 3.6% in the 4th quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock valued at $1,974,703,000 after acquiring an additional 672,487 shares during the last quarter. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Shares of NASDAQ MSFT opened at $138.60 on Wednesday. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $141.68. The company’s fifty day moving average is $137.27. The stock has a market cap of $1,051.47 billion, a PE ratio of 29.18, a PEG ratio of 2.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same period in the previous year, the company earned $1.13 EPS. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. Microsoft’s dividend payout ratio (DPR) is 38.74%.

In related news, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the sale, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 26,819 shares of company stock valued at $3,636,400. 1.38% of the stock is owned by corporate insiders.

Several brokerages have weighed in on MSFT. UBS Group set a $162.00 price target on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Jefferies Financial Group set a $93.00 price target on Microsoft and gave the company a “sell” rating in a report on Friday, July 19th. Stifel Nicolaus boosted their price target on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Morgan Stanley boosted their price target on Microsoft from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Finally, Raymond James boosted their price target on Microsoft from $160.00 to $163.00 and gave the company a “strong-buy” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $149.21.

Microsoft Company 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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