Nexus Investment Management Inc. Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Nexus Investment Management Inc. cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the first quarter, Holdings Channel.com reports. The firm owned 197,510 shares of the software giant’s stock after selling 1,310 shares during the period. Microsoft makes up 5.5% of Nexus Investment Management Inc.’s holdings, making the stock its 3rd biggest holding. Nexus Investment Management Inc.’s holdings in Microsoft were worth $31,149,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. ERTS Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.6% in the fourth quarter. ERTS Wealth Advisors LLC now owns 9,398 shares of the software giant’s stock worth $955,000 after buying an additional 58 shares during the last quarter. Arvest Bank Trust Division raised its holdings in shares of Microsoft by 0.7% during the fourth quarter. Arvest Bank Trust Division now owns 8,556 shares of the software giant’s stock worth $1,349,000 after purchasing an additional 62 shares during the last quarter. Winthrop Advisory Group LLC raised its holdings in shares of Microsoft by 0.5% during the fourth quarter. Winthrop Advisory Group LLC now owns 14,340 shares of the software giant’s stock worth $2,261,000 after purchasing an additional 67 shares during the last quarter. Colorado Capital Management Inc. raised its holdings in shares of Microsoft by 2.2% during the fourth quarter. Colorado Capital Management Inc. now owns 3,163 shares of the software giant’s stock worth $499,000 after purchasing an additional 67 shares during the last quarter. Finally, Ocean Capital Management LLC raised its holdings in shares of Microsoft by 0.8% during the fourth quarter. Ocean Capital Management LLC now owns 9,074 shares of the software giant’s stock worth $1,779,000 after purchasing an additional 68 shares during the last quarter. Hedge funds and other institutional investors own 72.34% of the company’s stock.

MSFT has been the subject of several recent research reports. BMO Capital Markets raised their target price on shares of Microsoft from $165.00 to $200.00 and gave the stock an “outperform” rating in a report on Thursday, January 30th. They noted that the move was a valuation call. Barclays reissued a “buy” rating and set a $190.00 target price on shares of Microsoft in a report on Thursday, January 30th. Wedbush reissued a “buy” rating and set a $210.00 target price on shares of Microsoft in a report on Monday, March 16th. BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 14th. Finally, Deutsche Bank dropped their price target on shares of Microsoft from $200.00 to $180.00 and set a “buy” rating on the stock in a research report on Tuesday, March 17th. Two equities research analysts have rated the stock with a hold rating, thirty-two have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $184.42.

In other Microsoft news, EVP Jean Philippe Courtois sold 18,000 shares of Microsoft stock in a transaction dated Tuesday, February 4th. The shares were sold at an average price of $179.55, for a total transaction of $3,231,900.00. Following the transaction, the executive vice president now directly owns 582,510 shares of the company’s stock, valued at $104,589,670.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.39% of the stock is owned by insiders.

Shares of NASDAQ:MSFT traded down $1.36 during midday trading on Friday, hitting $153.90. The company’s stock had a trading volume of 41,207,305 shares, compared to its average volume of 73,919,688. The business’s 50 day simple moving average is $162.38 and its 200 day simple moving average is $154.40. The company has a debt-to-equity ratio of 0.64, a quick ratio of 2.77 and a current ratio of 2.80. The company has a market cap of $1,170.57 billion, a P/E ratio of 26.81, a price-to-earnings-growth ratio of 2.10 and a beta of 0.96. Microsoft Co. has a 12-month low of $116.13 and a 12-month high of $190.70.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $1.51 EPS for the quarter, topping analysts’ consensus estimates of $1.32 by $0.19. Microsoft had a net margin of 33.02% and a return on equity of 40.41%. The company had revenue of $36.91 billion for the quarter, compared to the consensus estimate of $35.68 billion. During the same period in the previous year, the firm earned $1.10 earnings per share. Microsoft’s quarterly revenue was up 13.7% compared to the same quarter last year. On average, sell-side analysts predict that Microsoft Co. will post 5.59 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, May 20th. Microsoft’s dividend payout ratio (DPR) is presently 42.95%.

Microsoft 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, 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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