Mandatum Life Insurance Co Ltd Has $7.29 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Mandatum Life Insurance Co Ltd boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 31,318 shares of the software giant’s stock after acquiring an additional 290 shares during the period. Microsoft makes up about 2.3% of Mandatum Life Insurance Co Ltd’s portfolio, making the stock its 6th largest position. Mandatum Life Insurance Co Ltd’s holdings in Microsoft were worth $7,294,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Walled Lake Planning & Wealth Management LLC lifted its holdings in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after acquiring an additional 38 shares during the last quarter. Financial Advisors Network Inc. boosted its stake in shares of Microsoft by 1.1% during the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the period. Donoghue Forlines LLC increased its stake in shares of Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after buying an additional 40 shares during the period. Rovin Capital UT ADV boosted its position in Microsoft by 1.1% during the 3rd quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after buying an additional 40 shares during the period. Finally, Fountainhead AM LLC increased its holdings in Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 41 shares during the period. Institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

MSFT opened at $242.04 on Wednesday. The business has a fifty day moving average of $241.72 and a 200 day moving average of $249.53. The stock has a market cap of $1.80 trillion, a P/E ratio of 26.08, a PEG ratio of 2.36 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.02. The firm had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.48 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 9.51 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research report on Tuesday, January 17th. UBS Group set a $250.00 price objective on shares of Microsoft in a report on Thursday, January 19th. Evercore ISI reduced their target price on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, January 19th. DA Davidson began coverage on shares of Microsoft in a research report on Wednesday, January 4th. They set a “buy” rating and a $270.00 price target for the company. Finally, Wedbush cut their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $287.79.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Get Rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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