SeaCrest Wealth Management LLC Buys New Position in Microsoft Co. (MSFT)

SeaCrest Wealth Management LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 76,341 shares of the software giant’s stock, valued at approximately $6,530,000. Microsoft accounts for 1.2% of SeaCrest Wealth Management LLC’s holdings, making the stock its 9th largest position.

Several other large investors also recently modified their holdings of the business. Schwab Charles Investment Management Inc. boosted its stake in shares of Microsoft by 3.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 31,523,813 shares of the software giant’s stock valued at $2,696,444,000 after buying an additional 1,148,178 shares during the period. Swiss National Bank raised its holdings in shares of Microsoft by 0.8% during the 3rd quarter. Swiss National Bank now owns 27,269,470 shares of the software giant’s stock valued at $2,031,303,000 after purchasing an additional 224,300 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Microsoft by 10.1% during the 3rd quarter. First Eagle Investment Management LLC now owns 26,072,817 shares of the software giant’s stock valued at $1,942,164,000 after purchasing an additional 2,389,149 shares in the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Microsoft by 4.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 19,522,906 shares of the software giant’s stock valued at $1,454,261,000 after purchasing an additional 913,251 shares in the last quarter. Finally, Fisher Asset Management LLC raised its holdings in shares of Microsoft by 3.1% during the 4th quarter. Fisher Asset Management LLC now owns 16,946,738 shares of the software giant’s stock valued at $1,449,624,000 after purchasing an additional 504,877 shares in the last quarter. 73.64% of the stock is owned by institutional investors.

Microsoft opened at $96.18 on Friday, MarketBeat.com reports. Microsoft Co. has a 52-week low of $96.62 and a 52-week high of $97.37. The company has a current ratio of 3.40, a quick ratio of 3.35 and a debt-to-equity ratio of 1.00. The stock has a market cap of $749.34 billion, a PE ratio of 29.06, a P/E/G ratio of 2.14 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.10. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The company had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter in the previous year, the firm posted $0.73 EPS. The business’s revenue was up 15.5% compared to the same quarter last year. research analysts expect that Microsoft Co. will post 3.8 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.75%. Microsoft’s dividend payout ratio (DPR) is currently 50.76%.

In other news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the sale, the executive vice president now directly owns 174,778 shares in the company, valued at approximately $16,254,354. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.49% of the stock is currently owned by insiders.

A number of research analysts have recently weighed in on the stock. Credit Suisse Group restated an “outperform” rating and set a $115.00 price target on shares of Microsoft in a report on Thursday, May 10th. Evercore ISI raised their price target on shares of Microsoft from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday. Deutsche Bank set a $120.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Monday, March 12th. Royal Bank of Canada restated an “outperform” rating and set a $115.00 price target on shares of Microsoft in a report on Tuesday, May 8th. Finally, Vetr downgraded shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $106.32 price target on the stock. in a report on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $103.13.

About Microsoft

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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