Mondrian Investment Partners LTD Decreases Position in Microsoft Co. (NASDAQ:MSFT)

Mondrian Investment Partners LTD cut its stake in Microsoft Co. (NASDAQ:MSFT) by 25.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 441,578 shares of the software giant’s stock after selling 154,595 shares during the quarter. Microsoft makes up approximately 2.0% of Mondrian Investment Partners LTD’s portfolio, making the stock its 12th largest holding. Mondrian Investment Partners LTD’s holdings in Microsoft were worth $61,393,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA lifted its position in shares of Microsoft by 274.5% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in shares of Microsoft during the 2nd quarter worth $26,000. Selective Wealth Management Inc. purchased a new stake in shares of Microsoft during the 3rd quarter worth $36,000. Atwater Malick LLC purchased a new stake in shares of Microsoft during the 3rd quarter worth $37,000. Finally, AlphaOne Investment Services LLC acquired a new stake in Microsoft during the 2nd quarter worth $51,000. Institutional investors own 72.17% of the company’s stock.

Several brokerages recently commented on MSFT. Morgan Stanley lifted their price target on shares of Microsoft from $155.00 to $157.00 and gave the stock an “overweight” rating in a research note on Thursday, October 24th. BMO Capital Markets lifted their price target on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Sanford C. Bernstein reiterated a “buy” rating and set a $167.00 price target on shares of Microsoft in a research note on Monday, October 28th. Evercore ISI set a $160.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research note on Friday, October 18th. Finally, JPMorgan Chase & Co. reiterated a “buy” rating and set a $169.00 price target on shares of Microsoft in a research note on Thursday, October 24th. One equities research analyst has rated the stock with a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $159.45.

In other news, CEO Satya Nadella sold 99,837 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the transaction, the chief executive officer now directly owns 1,124,339 shares in the company, valued at $154,259,310.80. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Frank H. Brod sold 4,000 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $137.17, for a total transaction of $548,680.00. Following the transaction, the chief accounting officer now owns 54,306 shares in the company, valued at $7,449,154.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 332,804 shares of company stock worth $45,823,569. Company insiders own 1.39% of the company’s stock.

Shares of Microsoft stock opened at $149.97 on Monday. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $149.99. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. The company’s 50-day simple moving average is $140.86 and its 200-day simple moving average is $135.67. The firm has a market cap of $1,129.52 billion, a price-to-earnings ratio of 31.57, a price-to-earnings-growth ratio of 2.33 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.24 by $0.14. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business had revenue of $33.06 billion for the quarter, compared to analyst estimates of $32.24 billion. During the same period in the previous year, the business posted $1.14 earnings per share. The business’s revenue was up 13.7% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 5.35 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.36%. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, November 20th. Microsoft’s payout ratio is 38.74%.

Microsoft announced that its board has approved a share repurchase program on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 3.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

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, 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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