Gareth Morgan Investments Limited Partnership Sells 92,626 Shares of Microsoft Co. (NASDAQ:MSFT)

Gareth Morgan Investments Limited Partnership lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 24.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 287,089 shares of the software giant’s stock after selling 92,626 shares during the quarter. Microsoft makes up about 1.8% of Gareth Morgan Investments Limited Partnership’s holdings, making the stock its 4th largest holding. Gareth Morgan Investments Limited Partnership’s holdings in Microsoft were worth $19,789,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. Appropriate Balance Financial Services Inc. boosted its position in shares of Microsoft by 4.7% during the second quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after buying an additional 29 shares during the period. Hefty Wealth Partners boosted its holdings in Microsoft by 65.6% in the second quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock valued at $113,000 after purchasing an additional 653 shares during the period. Ullmann Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at $132,000. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares during the period. Finally, Opera Trading Capital boosted its holdings in Microsoft by 1,522.0% in the second quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock valued at $168,000 after purchasing an additional 2,283 shares during the period. 73.16% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Frank H. Brod sold 15,000 shares of the stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the sale, the insider now owns 116,205 shares in the company, valued at $9,770,516.40. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the sale, the executive vice president now owns 189,278 shares in the company, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock worth $3,759,420 in the last ninety days. Corporate insiders own 1.49% of the company’s stock.

A number of analysts have weighed in on the company. ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Canaccord Genuity reiterated a “buy” rating and set a $94.00 target price (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. Atlantic Securities set a $83.00 target price on Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. UBS Group set a $105.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Finally, Barclays restated an “overweight” rating and issued a $89.00 price target (up previously from $82.00) on shares of Microsoft in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty-one have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $85.87.

Microsoft Co. (MSFT) traded down $0.18 during trading hours on Friday, reaching $85.54. 18,546,780 shares of the company’s stock were exchanged, compared to its average volume of 22,374,268. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The stock has a market cap of $661,294.69, a PE ratio of 29.10, a P/E/G ratio of 2.00 and a beta of 0.99. Microsoft Co. has a one year low of $61.95 and a one year high of $87.50.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 EPS for the quarter, topping the consensus estimate of $0.72 by $0.12. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business had revenue of $24.50 billion for the quarter, compared to analysts’ expectations of $23.57 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s quarterly revenue was up 11.7% compared to the same quarter last year. analysts predict that Microsoft Co. will post 3.38 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 annualized dividend and a dividend yield of 1.96%. Microsoft’s payout ratio is 57.14%.

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About Microsoft

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.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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