Barings LLC Sells 11,591 Shares of Microsoft Co. (NASDAQ:MSFT)

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Barings LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 413,238 shares of the software giant’s stock after selling 11,591 shares during the quarter. Microsoft makes up 2.2% of Barings LLC’s holdings, making the stock its 8th biggest holding. Barings LLC’s holdings in Microsoft were worth $65,172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in MSFT. ERTS Wealth Advisors LLC lifted its stake in Microsoft by 0.6% in the fourth quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock valued at $955,000 after buying an additional 58 shares during the period. Prentiss Smith & Co. Inc. increased its holdings in shares of Microsoft by 0.5% during the first quarter. Prentiss Smith & Co. Inc. now owns 11,701 shares of the software giant’s stock valued at $1,845,000 after acquiring an additional 58 shares in the last quarter. Howard Wealth Management LLC increased its holdings in shares of Microsoft by 1.3% during the first quarter. Howard Wealth Management LLC now owns 4,675 shares of the software giant’s stock valued at $737,000 after acquiring an additional 60 shares in the last quarter. Gs Investments Inc. increased its holdings in shares of Microsoft by 0.3% during the first quarter. Gs Investments Inc. now owns 23,140 shares of the software giant’s stock valued at $3,649,000 after acquiring an additional 60 shares in the last quarter. Finally, Brickley Wealth Management increased its holdings in shares of Microsoft by 2.6% during the first quarter. Brickley Wealth Management now owns 2,327 shares of the software giant’s stock valued at $367,000 after acquiring an additional 60 shares in the last quarter. 70.71% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ MSFT opened at $203.51 on Wednesday. Microsoft Co. has a one year low of $130.78 and a one year high of $204.40. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.90 and a quick ratio of 2.88. The business’s fifty day moving average price is $188.28 and its 200-day moving average price is $171.09. The stock has a market capitalization of $1,504.86 billion, a PE ratio of 35.06, a P/E/G ratio of 2.50 and a beta of 0.93.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 29th. The software giant reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.13. The business had revenue of $35.02 billion for the quarter, compared to analysts’ expectations of $33.70 billion. Microsoft had a return on equity of 40.37% and a net margin of 33.36%. The firm’s quarterly revenue was up 14.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.14 EPS. As a group, equities analysts expect that Microsoft Co. will post 5.7 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be paid a $0.51 dividend. The ex-dividend date of this dividend is Wednesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. Microsoft’s dividend payout ratio is currently 42.95%.

Several research firms have recently commented on MSFT. BidaskClub upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Tuesday, June 23rd. Summit Insights started coverage on Microsoft in a report on Wednesday, May 27th. They set a “buy” rating and a $220.00 price objective for the company. Bank of America reiterated a “buy” rating and set a $190.00 price target on shares of Microsoft in a report on Thursday, April 30th. UBS Group upped their price target on Microsoft from $200.00 to $207.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Finally, Credit Suisse Group reiterated a “buy” rating and set a $195.00 price target on shares of Microsoft in a report on Monday, June 1st. Two analysts have rated the stock with a hold rating and thirty-seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $196.63.

In other Microsoft news, EVP Margaret L. Johnson sold 35,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $176.08, for a total value of $6,162,800.00. Following the transaction, the executive vice president now directly owns 50,023 shares in the company, valued at approximately $8,808,049.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Frank H. Brod sold 3,000 shares of the company’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $176.94, for a total value of $530,820.00. Following the completion of the transaction, the chief accounting officer now owns 57,136 shares in the company, valued at $10,109,643.84. The disclosure for this sale can be found here. Insiders sold a total of 38,049 shares of company stock worth $6,702,736 over the last 90 days. Corporate insiders own 1.39% of the company’s stock.

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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