Skye Global Management LP Grows Holdings in Microsoft Co. (MSFT)

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Skye Global Management LP boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 174.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,998,900 shares of the software giant’s stock after purchasing an additional 1,271,400 shares during the period. Microsoft makes up about 46.4% of Skye Global Management LP’s portfolio, making the stock its biggest position. Skye Global Management LP’s holdings in Microsoft were worth $182,440,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. BlackRock Inc. boosted its holdings in shares of Microsoft by 1.3% in the 1st quarter. BlackRock Inc. now owns 499,849,770 shares of the software giant’s stock valued at $45,621,287,000 after acquiring an additional 6,488,089 shares during the last quarter. Polen Capital Management LLC boosted its holdings in shares of Microsoft by 52.3% in the 1st quarter. Polen Capital Management LLC now owns 11,012,266 shares of the software giant’s stock valued at $1,005,090,000 after acquiring an additional 3,781,879 shares during the last quarter. Mackay Shields LLC purchased a new stake in shares of Microsoft in the 1st quarter valued at $308,968,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of Microsoft by 12.3% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 27,839,945 shares of the software giant’s stock valued at $2,540,952,000 after acquiring an additional 3,049,723 shares during the last quarter. Finally, Mackenzie Financial Corp boosted its holdings in shares of Microsoft by 236.8% in the 4th quarter. Mackenzie Financial Corp now owns 3,732,240 shares of the software giant’s stock valued at $319,256,000 after acquiring an additional 2,624,149 shares during the last quarter. 71.84% of the stock is currently owned by institutional investors.

Several research firms have recently commented on MSFT. Royal Bank of Canada reaffirmed a “buy” rating and issued a $124.00 price objective on shares of Microsoft in a report on Monday. BidaskClub raised shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. Morgan Stanley reaffirmed a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a report on Tuesday, August 28th. Barclays reaffirmed a “buy” rating and issued a $117.00 price objective on shares of Microsoft in a report on Friday, August 10th. Finally, Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and an average price target of $118.11.

NASDAQ:MSFT opened at $108.49 on Thursday. The company has a quick ratio of 2.86, a current ratio of 2.90 and a debt-to-equity ratio of 0.94. The firm has a market cap of $864.92 billion, a price-to-earnings ratio of 28.95, a P/E/G ratio of 2.15 and a beta of 1.26. Microsoft Co. has a fifty-two week low of $72.92 and a fifty-two week high of $112.78.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.08 by $0.05. The company had revenue of $30.09 billion during the quarter, compared to analysts’ expectations of $29.23 billion. Microsoft had a net margin of 15.02% and a return on equity of 36.69%. The firm’s revenue for the quarter was up 17.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. equities research analysts predict that Microsoft Co. will post 4.25 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Shareholders of record on Thursday, August 16th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Wednesday, August 15th. Microsoft’s dividend payout ratio is presently 43.30%.

In other Microsoft news, insider Jean Philippe Courtois sold 28,941 shares of the company’s stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the completion of the transaction, the insider now directly owns 529,721 shares in the company, valued at $57,739,589. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Margaret L. Johnson sold 47,000 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total transaction of $5,060,490.00. Following the transaction, the executive vice president now owns 109,687 shares of the company’s stock, valued at $11,809,999.29. The disclosure for this sale can be found here. Insiders have sold 590,880 shares of company stock valued at $64,833,269 over the last 90 days. 1.49% of the stock is currently owned by company insiders.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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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