Microsoft Co. (NASDAQ:MSFT) Stake Lowered by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 122,580 shares of the software giant’s stock after selling 1,175 shares during the period. Microsoft accounts for 4.3% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 7th biggest holding. Fishman Jay A Ltd. MI’s holdings in Microsoft were worth $34,558,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of MSFT. Syverson Strege & Co bought a new stake in Microsoft in the third quarter worth $72,000. Yale University bought a new stake in Microsoft in the second quarter worth $110,000. Strategic Asset Management LLC bought a new stake in Microsoft in the third quarter worth $168,000. Advanced Research Investment Solutions LLC boosted its holdings in Microsoft by 914.3% in the third quarter. Advanced Research Investment Solutions LLC now owns 639 shares of the software giant’s stock worth $180,000 after purchasing an additional 576 shares in the last quarter. Finally, Lake Point Wealth Management boosted its holdings in Microsoft by 11.6% in the third quarter. Lake Point Wealth Management now owns 666 shares of the software giant’s stock worth $188,000 after purchasing an additional 69 shares in the last quarter. Institutional investors and hedge funds own 69.01% of the company’s stock.

In other Microsoft news, Director Teri List sold 1,650 shares of the company’s stock in a transaction dated Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total transaction of $552,585.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 419,292 shares of the company’s stock in a transaction dated Monday, November 22nd. The stock was sold at an average price of $344.61, for a total transaction of $144,492,216.12. The disclosure for this sale can be found here. Insiders have sold 530,699 shares of company stock worth $181,312,457 over the last ninety days. Insiders own 0.05% of the company’s stock.

Shares of Microsoft stock opened at $310.20 on Friday. The company has a current ratio of 2.16, a quick ratio of 2.12 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $2.33 trillion, a price-to-earnings ratio of 34.70, a P/E/G ratio of 2.89 and a beta of 0.86. Microsoft Co. has a 1-year low of $212.03 and a 1-year high of $349.67. The firm’s 50-day moving average price is $330.98 and its two-hundred day moving average price is $307.88.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.08 by $0.19. The firm had revenue of $45.32 billion for the quarter, compared to analysts’ expectations of $44 billion. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. The company’s quarterly revenue was up 22.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.82 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 9.13 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Shareholders of record on Thursday, February 17th will be paid a dividend of $0.62 per share. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio is 27.74%.

A number of research firms have issued reports on MSFT. Morgan Stanley upped their price target on shares of Microsoft from $331.00 to $364.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. Mizuho upped their price target on shares of Microsoft from $350.00 to $360.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. BMO Capital Markets upped their price target on shares of Microsoft from $355.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday. Bank of America upped their price target on shares of Microsoft from $340.00 to $365.00 and gave the company a “buy” rating in a report on Wednesday, October 27th. Finally, Stifel Nicolaus upped their price objective on shares of Microsoft from $325.00 to $380.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. One investment analyst has rated the stock with a hold rating, thirty-three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Buy” and a consensus target price of $351.34.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

Featured Article: What is a dividend reinvestment plan?

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.