Sfmg LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Sfmg LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 51,390 shares of the software giant’s stock after acquiring an additional 271 shares during the period. Microsoft accounts for approximately 1.0% of Sfmg LLC’s holdings, making the stock its 14th biggest position. Sfmg LLC’s holdings in Microsoft were worth $7,263,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Quantamental Technologies LLC bought a new stake in Microsoft in the fourth quarter worth $26,000. LFA Lugano Financial Advisors SA boosted its holdings in Microsoft by 274.5% in the second 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 in the last quarter. Centaurus Financial Inc. boosted its holdings in Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after purchasing an additional 561 shares in the last quarter. Mackey Komara & Dankovich LLC boosted its holdings in Microsoft by 335.8% in the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after purchasing an additional 2,770 shares in the last quarter. Finally, Asset Planning Services Ltd. acquired a new position in Microsoft during the 2nd quarter worth $116,000. 72.49% of the stock is currently owned by institutional investors.

NASDAQ:MSFT traded up $2.24 during mid-day trading on Thursday, hitting $139.87. The company’s stock had a trading volume of 4,465,828 shares, compared to its average volume of 22,883,080. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $141.68. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1,038.72 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.37 and a beta of 1.22. The stock has a fifty day moving average of $137.14 and a 200-day moving average of $127.48.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the business posted $1.13 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 5.22 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

MSFT has been the subject of a number of research analyst reports. Wells Fargo & Co set a $160.00 target price on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Macquarie boosted their target price on shares of Microsoft from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Stifel Nicolaus boosted their target price on shares of Microsoft from $150.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research report on Friday, July 19th. Finally, Argus boosted their target price on shares of Microsoft to $158.00 and gave the stock a “buy” rating in a research report on Thursday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the company. Microsoft has a consensus rating of “Buy” and an average target price of $149.21.

In related news, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 7,000 shares of the company’s stock in a transaction dated Tuesday, August 13th. The stock was sold at an average price of $138.15, for a total transaction of $967,050.00. Following the sale, the chief marketing officer now directly owns 122,817 shares in the company, valued at $16,967,168.55. The disclosure for this sale can be found here. Insiders sold 33,819 shares of company stock valued at $4,603,450 in the last three months. Company insiders own 1.38% of the company’s stock.

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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