Microsoft Co. (MSFT) Position Trimmed by Artemis Investment Management LLP

Artemis Investment Management LLP lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 856,261 shares of the software giant’s stock after selling 15,215 shares during the period. Microsoft accounts for approximately 1.3% of Artemis Investment Management LLP’s holdings, making the stock its 23rd biggest holding. Artemis Investment Management LLP’s holdings in Microsoft were worth $63,744,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in MSFT. Vanguard Group Inc. lifted its position in Microsoft by 4.6% during the second quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock valued at $38,880,105,000 after buying an additional 25,053,413 shares during the period. Capital Research Global Investors raised its position in shares of Microsoft by 212.3% in the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after purchasing an additional 47,353,245 shares during the last quarter. Janus Henderson Group PLC raised its position in shares of Microsoft by 609.4% in the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after purchasing an additional 42,243,011 shares during the last quarter. Legal & General Group Plc raised its position in shares of Microsoft by 1.1% in the 2nd quarter. Legal & General Group Plc now owns 37,689,022 shares of the software giant’s stock worth $2,597,786,000 after purchasing an additional 425,485 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Microsoft by 2.3% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 29,622,483 shares of the software giant’s stock worth $2,041,878,000 after purchasing an additional 657,294 shares during the last quarter. Institutional investors and hedge funds own 73.19% of the company’s stock.

Several equities analysts have recently issued reports on MSFT shares. Canaccord Genuity reaffirmed a “buy” rating and issued a $94.00 price target (up previously from $86.00) on shares of Microsoft in a research report on Friday, October 27th. Barclays set a $95.00 price target on Microsoft and gave the stock an “overweight” rating in a research report on Friday, January 12th. ValuEngine raised Microsoft from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Atlantic Securities set a $83.00 price target on Microsoft and gave the stock a “neutral” rating in a research report on Friday, October 27th. Finally, UBS Group set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirty have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $88.32.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $90.00 on Friday. The stock has a market capitalization of $693,540.00, a PE ratio of 30.41, a price-to-earnings-growth ratio of 2.11 and a beta of 0.99. Microsoft Co. has a 52 week low of $62.37 and a 52 week high of $90.79. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion during the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a return on equity of 35.23% and a net margin of 24.56%. The business’s quarterly revenue was up 11.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.76 EPS. equities research analysts anticipate that Microsoft Co. will post 3.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, February 14th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.87%. Microsoft’s dividend payout ratio is currently 56.76%.

In other Microsoft news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Frank H. Brod sold 15,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of $84.08, for a total value of $1,261,200.00. Following the sale, the insider now owns 116,205 shares of the company’s stock, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 45,000 shares of company stock valued at $3,759,420. Corporate insiders own 1.49% of the company’s stock.

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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