Ninety One North America Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 636,313 shares of the software giant’s stock after purchasing an additional 20,018 shares during the period. Microsoft makes up about 7.2% of Ninety One North America Inc.’s investment portfolio, making the stock its 2nd biggest position. Ninety One North America Inc.’s holdings in Microsoft were worth $196,182,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors also recently modified their holdings of MSFT. Norges Bank acquired a new position in Microsoft in the fourth quarter valued at approximately $24,401,940,000. Allspring Global Investments Holdings LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $2,952,329,000. State Street Corp lifted its holdings in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock valued at $101,750,881,000 after buying an additional 8,108,943 shares during the period. Castleview Partners LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $11,872,000. Finally, TD Asset Management Inc. lifted its holdings in Microsoft by 28.5% in the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock valued at $4,868,814,000 after buying an additional 3,207,415 shares during the period. 69.99% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Stock Performance
Shares of MSFT stock opened at $280.74 on Friday. The stock has a market cap of $2.10 trillion, a P/E ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The company has a fifty day moving average price of $261.36 and a two-hundred day moving average price of $281.34. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio is presently 25.89%.
Wall Street Analyst Weigh In
Several brokerages have commented on MSFT. William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research note on Wednesday, April 27th. Redburn Partners began coverage on shares of Microsoft in a research note on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price for the company. Rosenblatt Securities lowered their target price on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research note on Tuesday, July 26th. Jefferies Financial Group lowered their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Finally, Wells Fargo & Company lowered their target price on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. One equities research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $334.80.
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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