Eqis Capital Management Inc. Sells 1,264 Shares of Microsoft Co. (NASDAQ:MSFT)

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Eqis Capital Management Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,877 shares of the software giant’s stock after selling 1,264 shares during the period. Eqis Capital Management Inc.’s holdings in Microsoft were worth $5,127,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MSFT. Nuveen Asset Management LLC increased its holdings in shares of Microsoft by 2,651.8% in the 2nd quarter. Nuveen Asset Management LLC now owns 67,353,275 shares of the software giant’s stock worth $9,022,645,000 after purchasing an additional 64,905,685 shares in the last quarter. Thoroughbred Financial Services LLC increased its holdings in shares of 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 worth $872,628,000 after purchasing an additional 8,662,023 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Microsoft by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 613,005,516 shares of the software giant’s stock worth $82,118,218,000 after purchasing an additional 7,724,483 shares in the last quarter. Edgewood Management LLC bought a new stake in shares of Microsoft in the 2nd quarter worth $620,230,000. Finally, Parnassus Investments CA increased its holdings in shares of Microsoft by 87.9% in the 2nd quarter. Parnassus Investments CA now owns 8,818,322 shares of the software giant’s stock worth $1,181,303,000 after purchasing an additional 4,126,121 shares in the last quarter. 72.17% of the stock is owned by institutional investors and hedge funds.

In related news, EVP Jean Philippe Courtois sold 11,345 shares of Microsoft stock in a transaction on Monday, October 28th. The stock was sold at an average price of $145.06, for a total transaction of $1,645,705.70. Following the transaction, the executive vice president now directly owns 611,855 shares in the company, valued at $88,755,686.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.17, for a total value of $548,680.00. Following the transaction, the chief accounting officer now owns 54,306 shares in the company, valued at $7,449,154.02. The disclosure for this sale can be found here. Insiders have sold 332,804 shares of company stock worth $45,823,569 over the last quarter. 1.39% of the stock is owned by company insiders.

A number of analysts have commented on MSFT shares. Piper Jaffray Companies reissued an “overweight” rating and issued a $158.00 target price on shares of Microsoft in a report on Friday, October 25th. Royal Bank of Canada lifted their target price on Microsoft from $160.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a report on Wednesday, November 13th. Mizuho reissued a “buy” rating and issued a $160.00 target price on shares of Microsoft in a report on Wednesday. Finally, Jefferies Financial Group upgraded Microsoft from a “hold” rating to a “buy” rating and set a $160.00 price target on the stock in a research note on Monday, October 7th. One research analyst has rated the stock with a hold rating, thirty have given a buy rating and two have assigned a strong buy rating to the stock. Microsoft has a consensus rating of “Buy” and a consensus price target of $159.45.

NASDAQ MSFT opened at $149.48 on Friday. The company has a market capitalization of $1,144.09 billion, a PE ratio of 31.47, a price-to-earnings-growth ratio of 2.36 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a quick ratio of 2.81 and a current ratio of 2.85. The business’s fifty day moving average is $142.28 and its 200 day moving average is $136.30. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $151.33.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.24 by $0.14. The company had revenue of $33.06 billion for the quarter, compared to the consensus estimate of $32.24 billion. Microsoft had a return on equity of 39.14% and a net margin of 31.66%. Microsoft’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business earned $1.14 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 5.35 EPS for the current year.

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

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This is an increase from Microsoft’s previous quarterly dividend of $0.46. This represents a $2.04 annualized dividend and a yield of 1.36%. Microsoft’s payout ratio is 38.74%.

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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