Stevens Capital Management LP bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 177,505 shares of the software giant’s stock, valued at approximately $17,504,000.

Other large investors have also recently modified their holdings of the company. KAMES CAPITAL plc raised its stake in Microsoft by 9.2% in the first quarter. KAMES CAPITAL plc now owns 386,537 shares of the software giant’s stock valued at $35,174,000 after buying an additional 32,655 shares during the last quarter. Pictet & Cie Europe SA raised its stake in Microsoft by 15.2% in the first quarter. Pictet & Cie Europe SA now owns 82,083 shares of the software giant’s stock valued at $7,492,000 after buying an additional 10,835 shares during the last quarter. KBC Group NV raised its stake in Microsoft by 3.5% in the first quarter. KBC Group NV now owns 3,081,681 shares of the software giant’s stock valued at $281,265,000 after buying an additional 105,036 shares during the last quarter. Findlay Park Partners LLP raised its stake in Microsoft by 3.0% in the first quarter. Findlay Park Partners LLP now owns 7,461,728 shares of the software giant’s stock valued at $681,032,000 after buying an additional 214,978 shares during the last quarter. Finally, Trillium Asset Management LLC raised its stake in Microsoft by 0.8% in the first quarter. Trillium Asset Management LLC now owns 410,983 shares of the software giant’s stock valued at $37,511,000 after buying an additional 3,416 shares during the last quarter. Institutional investors own 71.90% of the company’s stock.

Shares of MSFT stock opened at $108.52 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85. The company has a market cap of $835.58 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.96 and a beta of 1.25. Microsoft Co. has a twelve month low of $80.98 and a twelve month high of $116.18.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to analysts’ expectations of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. Microsoft’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business earned $0.84 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 4.43 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be given a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.70%. The ex-dividend date is Wednesday, February 20th. Microsoft’s dividend payout ratio is currently 47.42%.

A number of equities research analysts have commented on the company. Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Cleveland Research restated a “buy” rating on shares of Microsoft in a research note on Tuesday, October 2nd. Royal Bank of Canada set a $124.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Barclays set a $120.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, September 26th. Finally, Jefferies Financial Group restated a “sell” rating and issued a $75.00 price objective on shares of Microsoft in a research note on Wednesday, September 26th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $121.88.

In related news, CMO Christopher C. Capossela sold 35,825 shares of Microsoft stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $108.38, for a total transaction of $3,882,713.50. Following the completion of the transaction, the chief marketing officer now directly owns 190,570 shares in the company, valued at $20,653,976.60. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 203,418 shares of Microsoft stock in a transaction that occurred on Friday, October 26th. The shares were sold at an average price of $106.68, for a total value of $21,700,632.24. Following the transaction, the chief executive officer now owns 1,014,247 shares of the company’s stock, valued at $108,199,869.96. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 331,080 shares of company stock valued at $35,679,993. 1.49% of the stock is owned by company insiders.

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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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