Rosenbaum Jay D. Trims Stake in Microsoft Co. (MSFT)

Rosenbaum Jay D. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.3% in the third quarter, HoldingsChannel.com reports. The fund owned 29,225 shares of the software giant’s stock after selling 2,300 shares during the quarter. Microsoft accounts for approximately 4.2% of Rosenbaum Jay D.’s portfolio, making the stock its 3rd largest position. Rosenbaum Jay D.’s holdings in Microsoft were worth $2,177,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Candriam Luxembourg S.C.A. lifted its holdings in Microsoft by 59.4% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 1,628,790 shares of the software giant’s stock valued at $121,329,000 after purchasing an additional 607,240 shares during the last quarter. Corundum Group Inc. lifted its holdings in Microsoft by 10.7% during the 3rd quarter. Corundum Group Inc. now owns 10,112 shares of the software giant’s stock valued at $753,000 after purchasing an additional 976 shares during the last quarter. Pax World Management LLC lifted its holdings in Microsoft by 0.7% during the 3rd quarter. Pax World Management LLC now owns 609,639 shares of the software giant’s stock valued at $45,412,000 after purchasing an additional 3,946 shares during the last quarter. Brown Advisory Securities LLC lifted its holdings in Microsoft by 1.3% during the 3rd quarter. Brown Advisory Securities LLC now owns 140,475 shares of the software giant’s stock valued at $10,453,000 after purchasing an additional 1,808 shares during the last quarter. Finally, Breton Hill Capital Ltd. lifted its holdings in Microsoft by 22.1% during the 3rd quarter. Breton Hill Capital Ltd. now owns 19,730 shares of the software giant’s stock valued at $1,470,000 after purchasing an additional 3,569 shares during the last quarter. 73.22% of the stock is owned by institutional investors.

MSFT has been the subject of several research reports. Stifel Nicolaus restated a “buy” rating on shares of Microsoft in a research report on Thursday, October 12th. Morningstar restated a “neutral” rating on shares of Microsoft in a research report on Monday, October 16th. Royal Bank of Canada set a $85.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Goldman Sachs Group set a $88.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Thursday, October 19th. Finally, KeyCorp reiterated a “buy” rating and set a $94.00 price target on shares of Microsoft in a research report on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirty-one have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $99.09.

In other news, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 14th. The shares were sold at an average price of $83.48, for a total value of $333,920.00. Following the sale, the executive vice president now owns 185,278 shares of the company’s stock, valued at $15,467,007.44. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 30,000 shares of company stock worth $2,498,220. 1.49% of the stock is currently owned by insiders.

Shares of Microsoft Co. (NASDAQ MSFT) opened at $91.33 on Wednesday. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The company has a market cap of $704,570.00, a price-to-earnings ratio of 62.13, a PEG ratio of 2.19 and a beta of 1.06. Microsoft Co. has a 1 year low of $63.22 and a 1 year high of $96.07.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. research analysts forecast that Microsoft Co. will post 3.59 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Stockholders of record on Thursday, February 15th will be given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 114.29%.

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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