MONECO Advisors LLC Has $2.27 Million Position in Microsoft Co. (NASDAQ:MSFT)

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MONECO Advisors LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 11.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 16,967 shares of the software giant’s stock after selling 2,147 shares during the quarter. Microsoft accounts for about 1.8% of MONECO Advisors LLC’s investment portfolio, making the stock its 12th biggest holding. MONECO Advisors LLC’s holdings in Microsoft were worth $2,273,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Lunia Capital LP boosted its holdings in shares of Microsoft by 9,650.2% in the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock valued at $17,037,000 after buying an additional 16,861,809 shares during the period. Thoroughbred Financial Services LLC boosted its holdings in shares of Microsoft by 13,479.6% in the second quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock valued at $872,628,000 after buying an additional 8,662,023 shares during the period. Actiam N.V. acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $117,106,000. Mn Services Vermogensbeheer B.V. boosted its holdings in shares of Microsoft by 74.3% in the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock valued at $180,823,000 after buying an additional 867,711 shares during the period. Finally, Fisher Asset Management LLC boosted its holdings in shares of Microsoft by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock valued at $1,974,703,000 after buying an additional 672,487 shares during the period. Hedge funds and other institutional investors own 72.38% of the company’s stock.

Shares of MSFT opened at $138.60 on Wednesday. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68. The stock’s fifty day simple moving average is $137.27. The firm has a market capitalization of $1,051.47 billion, a PE ratio of 29.18, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 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 business had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the prior year, the company posted $1.13 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Co. will post 5.22 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.33%. The ex-dividend date is Wednesday, August 14th. Microsoft’s payout ratio is 38.74%.

In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $133.17, for a total transaction of $2,123,661.99. Following the sale, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $138.00, for a total transaction of $483,000.00. Following the sale, the chief marketing officer now directly owns 129,817 shares in the company, valued at $17,914,746. The disclosure for this sale can be found here. Insiders have sold 26,819 shares of company stock valued at $3,636,400 in the last 90 days. 1.38% of the stock is currently owned by corporate insiders.

Several research analysts have recently weighed in on the stock. Deutsche Bank set a $155.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Wednesday, July 17th. Goldman Sachs Group set a $151.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Mizuho set a $152.00 price target on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Cowen assumed coverage on shares of Microsoft in a report on Thursday, July 11th. They issued an “outperform” rating and a $150.00 price target for the company. Finally, Morgan Stanley upped their price target on shares of Microsoft from $145.00 to $155.00 and gave the company an “overweight” rating in a report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $149.21.

Microsoft Company 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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