Microsoft Co. (MSFT) Shares Bought by RWC Asset Management LLP

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RWC Asset Management LLP grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 23.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 395,485 shares of the software giant’s stock after purchasing an additional 75,122 shares during the period. Microsoft makes up approximately 1.9% of RWC Asset Management LLP’s investment portfolio, making the stock its 15th biggest position. RWC Asset Management LLP’s holdings in Microsoft were worth $38,999,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. S&CO Inc. grew its position in shares of Microsoft by 23.3% during the second quarter. S&CO Inc. now owns 110,785 shares of the software giant’s stock valued at $10,925,000 after purchasing an additional 20,914 shares in the last quarter. Palladium Partners LLC grew its position in shares of Microsoft by 1.0% during the second quarter. Palladium Partners LLC now owns 457,259 shares of the software giant’s stock valued at $45,091,000 after purchasing an additional 4,391 shares in the last quarter. Kendall Capital Management purchased a new position in shares of Microsoft during the second quarter valued at about $281,000. Financial Consulate Inc. grew its position in shares of Microsoft by 6.2% during the second quarter. Financial Consulate Inc. now owns 14,368 shares of the software giant’s stock valued at $1,417,000 after purchasing an additional 841 shares in the last quarter. Finally, Pegasus Partners Ltd. grew its position in Microsoft by 6.6% in the second quarter. Pegasus Partners Ltd. now owns 51,294 shares of the software giant’s stock worth $5,058,000 after acquiring an additional 3,155 shares in the last quarter. Hedge funds and other institutional investors own 71.85% of the company’s stock.

Shares of NASDAQ MSFT opened at $109.57 on Friday. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. The stock has a market capitalization of $862.07 billion, a price-to-earnings ratio of 26.78, a PEG ratio of 2.04 and a beta of 1.26. Microsoft Co. has a 1 year low of $80.70 and a 1 year high of $116.18.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm’s quarterly revenue was up 18.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.84 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Shareholders of record on Thursday, November 15th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.68%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is presently 43.30%.

In other news, EVP Kathleen T. Hogan sold 40,000 shares of Microsoft stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $111.31, for a total transaction of $4,452,400.00. Following the completion of the sale, the executive vice president now owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank H. Brod sold 2,000 shares of Microsoft stock in a transaction that occurred on Monday, November 5th. The shares were sold at an average price of $107.18, for a total transaction of $214,360.00. Following the sale, the insider now directly owns 64,676 shares of the company’s stock, valued at approximately $6,931,973.68. The disclosure for this sale can be found here. In the last three months, insiders sold 479,080 shares of company stock valued at $52,100,893. 1.49% of the stock is owned by insiders.

Several research analysts recently commented on MSFT shares. Goldman Sachs Group reiterated a “buy” rating and issued a $114.00 price target on shares of Microsoft in a research report on Monday, July 16th. Piper Jaffray Companies lifted their price target on Microsoft from $115.00 to $123.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 17th. Bank of America lifted their price target on Microsoft from $123.00 to $130.00 and gave the stock a “buy” rating in a research report on Tuesday, July 17th. Raymond James lifted their price target on Microsoft from $110.00 to $124.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 17th. Finally, KeyCorp reiterated a “buy” rating and issued a $110.00 price target on shares of Microsoft in a research report on Tuesday, July 17th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have assigned a buy rating and two have given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $121.88.

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About Microsoft

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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