Hendley & Co. Inc. Cuts Holdings in Microsoft Corporation (MSFT)

Hendley & Co. Inc. decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 94,792 shares of the software giant’s stock after selling 275 shares during the quarter. Microsoft Corporation comprises 3.6% of Hendley & Co. Inc.’s holdings, making the stock its 7th largest holding. Hendley & Co. Inc.’s holdings in Microsoft Corporation were worth $6,534,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of MSFT. Investec Asset Management LTD increased its stake in Microsoft Corporation by 43.5% during the first quarter. Investec Asset Management LTD now owns 9,093,270 shares of the software giant’s stock worth $598,883,000 after acquiring an additional 2,754,877 shares during the last quarter. State Street Corp increased its stake in Microsoft Corporation by 0.8% during the first quarter. State Street Corp now owns 318,681,830 shares of the software giant’s stock worth $20,988,383,000 after acquiring an additional 2,552,473 shares during the last quarter. Steadfast Capital Management LP increased its stake in Microsoft Corporation by 63.0% during the first quarter. Steadfast Capital Management LP now owns 4,006,839 shares of the software giant’s stock worth $263,890,000 after acquiring an additional 1,548,108 shares during the last quarter. Oppenheimer Asset Management Inc. acquired a new stake in Microsoft Corporation during the first quarter worth $99,933,000. Finally, Boston Partners increased its stake in Microsoft Corporation by 14.1% during the first quarter. Boston Partners now owns 11,579,231 shares of the software giant’s stock worth $762,607,000 after acquiring an additional 1,435,233 shares during the last quarter. 73.40% of the stock is owned by institutional investors.

A number of brokerages have recently weighed in on MSFT. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a $88.00 price objective (up from $78.00) on shares of Microsoft Corporation in a research note on Tuesday, July 18th. Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 price objective on shares of Microsoft Corporation in a research note on Friday, June 16th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Microsoft Corporation in a research note on Monday, July 17th. Credit Suisse Group reaffirmed an “outperform” rating on shares of Microsoft Corporation in a research note on Thursday, August 31st. Finally, Wells Fargo & Company set a $82.50 price objective on Microsoft Corporation and gave the company a “buy” rating in a research note on Friday, July 21st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-nine have given a buy rating to the company’s stock. Microsoft Corporation currently has a consensus rating of “Buy” and an average price target of $77.44.

In related news, insider Jean Philippe Courtois sold 26,763 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $74.00, for a total transaction of $1,980,462.00. Following the transaction, the insider now owns 537,519 shares in the company, valued at $39,776,406. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider G Mason Morfit sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $72.56, for a total transaction of $507,920,000.00. The disclosure for this sale can be found here. Insiders have sold 7,108,526 shares of company stock worth $515,879,974 in the last quarter. Company insiders own 2.99% of the company’s stock.

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Microsoft Corporation (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, July 20th. The software giant reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.27. The company had revenue of $24.70 billion for the quarter, compared to analysts’ expectations of $24.29 billion. Microsoft Corporation had a return on equity of 36.81% and a net margin of 23.57%. The business’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.69 earnings per share.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be paid a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 2.18%. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft Corporation’s previous quarterly dividend of $0.39. Microsoft Corporation’s dividend payout ratio (DPR) is currently 57.78%.

Microsoft Corporation Company Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft Corporation (NASDAQ:MSFT)

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