QS Investors LLC Has $128.52 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

QS Investors LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 474,420 shares of the software giant’s stock after selling 18,765 shares during the period. Microsoft makes up 1.5% of QS Investors LLC’s portfolio, making the stock its 10th biggest holding. QS Investors LLC’s holdings in Microsoft were worth $128,521,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Palisades Hudson Asset Management L.P. boosted its holdings in Microsoft by 0.3% in the 2nd quarter. Palisades Hudson Asset Management L.P. now owns 10,735 shares of the software giant’s stock valued at $2,908,000 after purchasing an additional 36 shares during the period. Family Firm Inc. increased its position in Microsoft by 1.2% during the 2nd quarter. Family Firm Inc. now owns 3,153 shares of the software giant’s stock worth $854,000 after purchasing an additional 38 shares in the last quarter. Hudock Inc. boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Hudock Inc. now owns 12,123 shares of the software giant’s stock valued at $3,284,000 after purchasing an additional 38 shares during the last quarter. Well Done LLC boosted its stake in shares of Microsoft by 0.4% in the 2nd quarter. Well Done LLC now owns 11,014 shares of the software giant’s stock valued at $2,984,000 after purchasing an additional 39 shares during the last quarter. Finally, Orion Capital Management LLC boosted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Orion Capital Management LLC now owns 13,235 shares of the software giant’s stock valued at $3,585,000 after purchasing an additional 40 shares during the last quarter. Institutional investors own 69.17% of the company’s stock.

In other news, CMO Christopher C. Capossela sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $298.82, for a total value of $2,988,200.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 20,000 shares of Microsoft stock in a transaction that occurred on Friday, September 10th. The shares were sold at an average price of $298.68, for a total transaction of $5,973,600.00. The disclosure for this sale can be found here. Insiders sold 165,573 shares of company stock valued at $50,066,379 over the last 90 days. 0.05% of the stock is owned by company insiders.

A number of equities research analysts have recently commented on MSFT shares. Citigroup upped their price objective on shares of Microsoft from $378.00 to $411.00 and gave the company a “buy” rating in a research note on Wednesday, July 28th. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. Piper Sandler increased their target price on shares of Microsoft from $305.00 to $310.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 28th. BMO Capital Markets increased their target price on shares of Microsoft from $290.00 to $325.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 28th. Finally, The Goldman Sachs Group set a $340.00 target price on shares of Microsoft in a research note on Wednesday, July 28th. One research analyst has rated the stock with a hold rating, thirty-one have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $324.84.

Shares of NASDAQ:MSFT opened at $296.31 on Thursday. The company has a quick ratio of 2.05, a current ratio of 2.08 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $2.23 trillion, a PE ratio of 36.81, a P/E/G ratio of 3.10 and a beta of 0.78. Microsoft Co. has a twelve month low of $199.62 and a twelve month high of $305.84. The company has a 50-day moving average price of $295.58 and a two-hundred day moving average price of $272.97.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share for the quarter, topping analysts’ consensus estimates of $1.92 by $0.25. The firm had revenue of $46.15 billion during the quarter, compared to analyst estimates of $44.30 billion. Microsoft had a net margin of 36.45% and a return on equity of 45.76%. The company’s quarterly revenue was up 21.3% on a year-over-year basis. During the same quarter last year, the business earned $1.46 earnings per share. Analysts anticipate that Microsoft Co. will post 8.61 earnings per share for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, September 14th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to repurchase up to 2.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Stockholders of record on Thursday, November 18th will be given a $0.62 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.56. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Wednesday, November 17th. Microsoft’s dividend payout ratio (DPR) is 28.11%.

About Microsoft

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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