Cortland Associates Inc. MO Grows Position in Microsoft Co. (NASDAQ:MSFT)
Cortland Associates Inc. MO raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 16.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,874 shares of the software giant’s stock after acquiring an additional 991 shares during the period. Microsoft makes up 0.2% of Cortland Associates Inc. MO’s investment portfolio, making the stock its 23rd largest position. Cortland Associates Inc. MO’s holdings in Microsoft were worth $1,084,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in MSFT. Selective Wealth Management Inc. bought a new position in shares of Microsoft during the 3rd quarter valued at about $36,000. John W. Brooker & Co. CPAs bought a new position in shares of Microsoft during the 4th quarter valued at about $74,000. Ogorek Anthony Joseph NY ADV increased its position in shares of Microsoft by 69.1% during the 4th quarter. Ogorek Anthony Joseph NY ADV now owns 531 shares of the software giant’s stock valued at $83,000 after purchasing an additional 217 shares during the last quarter. 1 North Wealth Services LLC bought a new position in shares of Microsoft during the 3rd quarter valued at about $93,000. Finally, CXI Advisors bought a new position in shares of Microsoft during the 4th quarter valued at about $120,000. 71.91% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have recently commented on MSFT shares. Raymond James reiterated a “strong-buy” rating and set a $200.00 price objective (up from $192.00) on shares of Microsoft in a research report on Thursday, January 30th. Evercore ISI reiterated a “buy” rating and set a $170.00 price objective on shares of Microsoft in a research report on Monday, December 16th. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research report on Monday, December 23rd. UBS Group increased their price objective on Microsoft from $162.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, JPMorgan Chase & Co. increased their price objective on Microsoft from $169.00 to $200.00 and gave the company an “overweight” rating in a research report on Thursday, January 30th. Two investment analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $187.06.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $1.51 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.19. The firm had revenue of $36.91 billion for the quarter, compared to analyst estimates of $35.68 billion. Microsoft had a return on equity of 40.41% and a net margin of 33.02%. The business’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $1.10 EPS. As a group, equities analysts predict that Microsoft Co. will post 5.64 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 20th will be given a $0.51 dividend. The ex-dividend date is Wednesday, February 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. Microsoft’s dividend payout ratio is currently 42.95%.
In other news, EVP Jean Philippe Courtois sold 18,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 4th. The stock was sold at an average price of $179.55, for a total value of $3,231,900.00. Following the completion of the transaction, the executive vice president now owns 582,510 shares in the company, valued at approximately $104,589,670.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Margaret L. Johnson sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total value of $5,250,350.00. Following the completion of the transaction, the executive vice president now owns 62,423 shares of the company’s stock, valued at approximately $9,364,074.23. The disclosure for this sale can be found here. Company insiders own 1.39% of the company’s stock.
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, 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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