Microsoft Corporation (MSFT) Shares Sold by Sit Investment Associates Inc.

Sit Investment Associates Inc. reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 15.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 994,325 shares of the software giant’s stock after selling 180,384 shares during the period. Microsoft accounts for 1.8% of Sit Investment Associates Inc.’s holdings, making the stock its biggest holding. Sit Investment Associates Inc.’s holdings in Microsoft were worth $74,067,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Acrospire Investment Management LLC lifted its position in shares of Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Hefty Wealth Partners lifted its position in shares of Microsoft by 65.6% in the 2nd quarter. Hefty Wealth Partners now owns 1,648 shares of the software giant’s stock worth $113,000 after purchasing an additional 653 shares during the period. Stelac Advisory Services LLC lifted its position in shares of Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Opera Trading Capital lifted its position in shares of Microsoft by 1,522.0% in the 2nd quarter. Opera Trading Capital now owns 2,433 shares of the software giant’s stock worth $168,000 after purchasing an additional 2,283 shares during the period. Finally, Pacific Center for Financial Services lifted its position in shares of Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. Institutional investors and hedge funds own 73.15% of the company’s stock.

Microsoft Corporation (MSFT) opened at $85.83 on Wednesday. The company has a current ratio of 3.12, a quick ratio of 3.06 and a debt-to-equity ratio of 0.91. The stock has a market cap of $659,670.00, a price-to-earnings ratio of 25.69, a price-to-earnings-growth ratio of 2.02 and a beta of 0.99. Microsoft Corporation has a twelve month low of $61.95 and a twelve month high of $87.50.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, October 26th. The software giant reported $0.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.72 by $0.12. The business had revenue of $24.50 billion for the quarter, compared to the consensus estimate of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The company’s revenue was up 11.7% compared to the same quarter last year. During the same period last year, the firm posted $0.76 earnings per share. equities research analysts predict that Microsoft Corporation will post 3.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is 56.76%.

Several brokerages have recently weighed in on MSFT. UBS set a $105.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, November 9th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Tuesday, November 7th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target for the company. in a research report on Monday, December 11th. Deutsche Bank reaffirmed a “buy” rating and issued a $100.00 price target on shares of Microsoft in a research report on Friday, November 3rd. Finally, Argus raised shares of Microsoft from a “hold” rating to a “buy” rating and upped their price target for the stock from $57.28 to $95.00 in a research report on Tuesday, October 31st. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and thirty have assigned a buy rating to the stock. Microsoft presently has a consensus rating of “Buy” and an average target price of $85.28.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $83.46, for a total value of $333,840.00. Following the transaction, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at $15,797,141.88. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Frank H. Brod sold 15,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $84.08, for a total transaction of $1,261,200.00. Following the completion of the transaction, the insider now directly owns 116,205 shares in the company, valued at $9,770,516.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 45,000 shares of company stock worth $3,759,420. Insiders own 1.49% of the company’s stock.

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Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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