Harvest Fund Management Co. Ltd Acquires 3,895 Shares of Microsoft Co. (MSFT)

Harvest Fund Management Co. Ltd grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 46.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,362 shares of the software giant’s stock after purchasing an additional 3,895 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Microsoft were worth $1,057,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Kohmann Bosshard Financial Services LLC bought a new position in Microsoft in the fourth quarter valued at approximately $103,000. Acrospire Investment Management LLC lifted its stake in Microsoft by 300.0% in the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after buying an additional 1,200 shares in the last quarter. Cerebellum GP LLC bought a new position in Microsoft in the fourth quarter valued at approximately $134,000. Stelac Advisory Services LLC lifted its stake 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 buying an additional 387 shares in the last quarter. Finally, Pacific Center for Financial Services lifted its stake in Microsoft by 3.0% in the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock valued at $177,000 after buying an additional 75 shares in the last quarter. 73.84% of the stock is currently owned by institutional investors.

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In other Microsoft news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $93.30, for a total value of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the transaction, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The disclosure for this sale can be found here. Over the last quarter, insiders sold 10,000 shares of company stock worth $930,900. Corporate insiders own 1.49% of the company’s stock.

A number of brokerages have weighed in on MSFT. ValuEngine raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr lowered shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price target on the stock. in a research note on Wednesday, January 17th. Instinet began coverage on shares of Microsoft in a research note on Thursday, January 25th. They issued a “buy” rating on the stock. Zacks Investment Research lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. Finally, UBS set a $105.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Friday, January 19th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and thirty-one have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $100.19.

Shares of MSFT opened at $95.00 on Friday. The firm has a market cap of $740,027.13, a P/E ratio of 28.70, a PEG ratio of 2.23 and a beta of 1.07. Microsoft Co. has a 1-year low of $65.45 and a 1-year high of $97.24. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the previous year, the company earned $0.83 earnings per share. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. analysts predict that Microsoft Co. will post 3.63 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.77%. Microsoft’s dividend payout ratio is currently 50.76%.

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Microsoft Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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