Microsoft Co. (NASDAQ:MSFT) Shares Sold by Morris Capital Advisors LLC

Morris Capital Advisors LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,221 shares of the software giant’s stock after selling 1,719 shares during the period. Microsoft accounts for approximately 5.6% of Morris Capital Advisors LLC’s portfolio, making the stock its 3rd largest position. Morris Capital Advisors LLC’s holdings in Microsoft were worth $6,150,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Selective Wealth Management Inc. boosted its stake in Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. Avondale Wealth Management boosted its stake in Microsoft by 25.4% in the first quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after acquiring an additional 94 shares in the last quarter. John W. Brooker & Co. CPAs boosted its stake in Microsoft by 21.4% in the first quarter. John W. Brooker & Co. CPAs now owns 568 shares of the software giant’s stock valued at $90,000 after acquiring an additional 100 shares in the last quarter. Cypress Capital Management LLC WY boosted its stake in Microsoft by 14.3% in the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock valued at $120,000 after acquiring an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management boosted its stake in Microsoft by 32.8% in the first quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock valued at $123,000 after acquiring an additional 192 shares in the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

NASDAQ MSFT opened at $205.01 on Friday. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $1,554.68 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.33 and a beta of 0.93. The firm has a 50-day moving average price of $202.18 and a 200 day moving average price of $178.77.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. On average, equities research analysts expect that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 dividend on an annualized basis and a yield of 1.00%. Microsoft’s dividend payout ratio (DPR) is presently 35.42%.

Several equities analysts have issued reports on MSFT shares. Goldman Sachs Group set a $215.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, July 20th. Citigroup upped their price objective on shares of Microsoft from $179.00 to $216.00 and gave the company a “neutral” rating in a research note on Thursday, July 16th. Argus upped their price objective on shares of Microsoft from $200.00 to $235.00 and gave the company a “buy” rating in a research note on Wednesday, June 24th. Stifel Nicolaus upped their price objective on shares of Microsoft from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Finally, BMO Capital Markets increased their target price on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Four research analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $213.23.

About Microsoft

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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