Tiaa Fsb Raises Holdings in Microsoft Co. (MSFT)

Tiaa Fsb grew its stake in Microsoft Co. (NASDAQ:MSFT) by 14.9% in the 2nd quarter, HoldingsChannel reports. The firm owned 622,724 shares of the software giant’s stock after purchasing an additional 80,725 shares during the period. Tiaa Fsb’s holdings in Microsoft were worth $61,406,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Daiwa Securities Group Inc. increased its stake in Microsoft by 15.8% during the first quarter. Daiwa Securities Group Inc. now owns 411,496 shares of the software giant’s stock worth $37,557,000 after acquiring an additional 56,149 shares during the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC increased its stake in Microsoft by 1.3% during the first quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 110,586 shares of the software giant’s stock worth $10,093,000 after acquiring an additional 1,440 shares during the last quarter. Turim 21 Investimentos Ltda. increased its stake in Microsoft by 3.7% during the first quarter. Turim 21 Investimentos Ltda. now owns 101,073 shares of the software giant’s stock worth $9,225,000 after acquiring an additional 3,583 shares during the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH increased its stake in Microsoft by 10.8% during the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 851,392 shares of the software giant’s stock worth $75,782,000 after acquiring an additional 83,118 shares during the last quarter. Finally, D.B. Root & Company LLC increased its stake in Microsoft by 111.6% during the first quarter. D.B. Root & Company LLC now owns 28,819 shares of the software giant’s stock worth $2,630,000 after acquiring an additional 15,201 shares during the last quarter. Institutional investors and hedge funds own 71.92% of the company’s stock.

Several equities research analysts have commented on the company. BidaskClub lowered Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Oppenheimer set a $127.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group set a $125.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. DZ Bank restated a “buy” rating on shares of Microsoft in a research note on Thursday. Finally, Nomura set a $118.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-two have given a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $121.24.

In related news, CMO Christopher C. Capossela sold 23,337 shares of the stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $109.22, for a total value of $2,548,867.14. Following the completion of the transaction, the chief marketing officer now owns 190,570 shares of the company’s stock, valued at $20,814,055.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Margaret L. Johnson sold 47,000 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $107.67, for a total value of $5,060,490.00. Following the completion of the transaction, the executive vice president now directly owns 109,687 shares of the company’s stock, valued at approximately $11,809,999.29. The disclosure for this sale can be found here. Insiders sold 650,042 shares of company stock valued at $71,264,850 in the last ninety days. Company insiders own 1.49% of the company’s stock.

Shares of NASDAQ MSFT opened at $108.66 on Friday. Microsoft Co. has a 1-year low of $78.01 and a 1-year high of $116.18. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $835.43 billion, a PE ratio of 27.96, a P/E/G ratio of 2.07 and a beta of 1.28.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company had revenue of $30.09 billion during the quarter, compared to the consensus estimate of $29.23 billion. During the same quarter in the prior year, the business earned $0.75 earnings per share. The company’s revenue was up 17.5% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 4.25 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be given a $0.46 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.69%. Microsoft’s dividend payout ratio is presently 43.30%.

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 for businesses, 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.

See Also: Market Capitalization and Individual Investors

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.

Leave a Reply