Microsoft Co. (MSFT) Position Reduced by Seizert Capital Partners LLC

Seizert Capital Partners LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 6.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 500,618 shares of the software giant’s stock after selling 35,924 shares during the period. Seizert Capital Partners LLC’s holdings in Microsoft were worth $37,291,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Appropriate Balance Financial Services Inc. boosted its stake in Microsoft by 4.7% in the 2nd quarter. Appropriate Balance Financial Services Inc. now owns 643 shares of the software giant’s stock worth $9,331,000 after purchasing an additional 29 shares in the last quarter. Acrospire Investment Management LLC boosted its stake in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its stake in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its stake in Microsoft by 3.0% in the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares in the last quarter. Finally, AlphaMark Advisors LLC boosted its stake in Microsoft by 1.1% in the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 73.19% of the company’s stock.

Several analysts have commented on the stock. UBS Group set a $105.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Friday. Morgan Stanley set a $100.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research note on Thursday. Credit Suisse Group restated an “outperform” rating and set a $115.00 price objective (up from $95.00) on shares of Microsoft in a research note on Thursday. Vetr cut shares of Microsoft from a “buy” rating to a “hold” rating and set a $93.54 price objective for the company. in a research note on Wednesday. Finally, Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 price objective for the company in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and thirty have given a buy rating to the stock. Microsoft has an average rating of “Buy” and a consensus price target of $88.32.

Microsoft Co. (NASDAQ:MSFT) opened at $90.00 on Friday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.06 and a current ratio of 3.12. The firm has a market cap of $694,313.06, a P/E ratio of 30.61, a PEG ratio of 2.11 and a beta of 0.99. Microsoft Co. has a 1-year low of $62.37 and a 1-year high of $90.79.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, October 26th. The software giant reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.12. The firm had revenue of $24.50 billion during the quarter, compared to analyst estimates of $23.57 billion. Microsoft had a net margin of 24.56% and a return on equity of 35.23%. The business’s quarterly revenue was up 11.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.76 EPS. sell-side analysts anticipate that Microsoft Co. will post 3.39 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is presently 57.14%.

In related news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total value of $1,496,700.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was sold at an average price of $83.46, for a total transaction of $333,840.00. Following the completion of the sale, the executive vice president now directly owns 189,278 shares of the company’s stock, valued at approximately $15,797,141.88. The disclosure for this sale can be found here. In the last three months, insiders sold 45,000 shares of company stock valued at $3,759,420. 1.49% of the stock is owned by insiders.

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Microsoft Profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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