Barings Cuts Stake in MSFT Amid Earnings Beat
Barings LLC has reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by selling 1,600 shares during the first quarter. This decrease of 11.8% brings their total holdings to 11,998 shares, valued at $4,441,000.
In other recent moves, several large investors have increased or established new positions in Microsoft stock. For example, Nuveen LLC acquired a new stake worth around $18,733,827,000 during the first quarter, while UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings by 500% in the third quarter.
Microsoft's recent quarterly earnings exceeded analyst expectations, with revenue reaching $90.01 billion and adjusted EPS at $4.74. The company also announced a quarterly dividend of $0.91 per share, paid on September 10th for shareholders recorded August 20th.