Tiaa Fsb Boosts Stake in Microsoft Co. (MSFT)

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Tiaa Fsb grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,724 shares of the software giant’s stock after purchasing an additional 80,725 shares during the period. Tiaa Fsb’s holdings in Microsoft were worth $61,406,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Osterweis Capital Management Inc. increased its holdings in Microsoft by 40.2% during the 1st quarter. Osterweis Capital Management Inc. now owns 427,300 shares of the software giant’s stock worth $39,000,000 after acquiring an additional 122,615 shares during the period. Skye Global Management LP increased its holdings in Microsoft by 174.8% during the 1st quarter. Skye Global Management LP now owns 1,998,900 shares of the software giant’s stock worth $182,440,000 after acquiring an additional 1,271,400 shares during the period. HC Financial Advisors Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $2,206,000. FCG Advisors LLC grew its stake in Microsoft by 19.6% in the 1st quarter. FCG Advisors LLC now owns 25,098 shares of the software giant’s stock worth $2,291,000 after buying an additional 4,111 shares in the last quarter. Finally, Summit Trail Advisors LLC grew its stake in Microsoft by 5,931.9% in the 1st quarter. Summit Trail Advisors LLC now owns 4,562,204 shares of the software giant’s stock worth $4,562,000 after buying an additional 4,486,569 shares in the last quarter. 71.92% of the stock is currently owned by institutional investors.

In related news, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now directly owns 778,596 shares in the company, valued at approximately $85,209,546.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 40,000 shares of the company’s stock in a transaction 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 sale, the executive vice president now owns 339,972 shares of the company’s stock, valued at $37,842,283.32. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock valued at $71,264,850 over the last quarter. 1.49% of the stock is currently owned by company insiders.

Shares of Microsoft stock opened at $108.66 on Friday. Microsoft Co. has a 52-week low of $78.01 and a 52-week high of $116.18. The firm has a market capitalization of $835.43 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 2.07 and a beta of 1.28. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.90 and a quick ratio of 2.86.

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

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a dividend of $0.46 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. This represents a $1.84 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date is Wednesday, November 14th. Microsoft’s dividend payout ratio is currently 43.30%.

A number of equities analysts have commented on the stock. BidaskClub cut shares of Microsoft from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 26th. Oppenheimer set a $127.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Thursday. Finally, Nomura set a $118.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, July 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $121.24.

Microsoft Company Profile

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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