Westside Investment Management Inc. Makes New $27.23 Million Investment in Microsoft Co. (NASDAQ:MSFT)

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Westside Investment Management Inc. bought a new position in Microsoft Co. (NASDAQ:MSFT) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 22,708 shares of the software giant’s stock, valued at approximately $27,225,000.

Several other hedge funds have also recently modified their holdings of the business. Quantamental Technologies LLC bought a new position in shares of Microsoft in the 4th quarter worth $26,000. Centaurus Financial Inc. raised its position in shares of Microsoft by 21.1% in the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock worth $27,000 after acquiring an additional 561 shares in the last quarter. Ayalon Holdings Ltd. bought a new position in shares of Microsoft in the 4th quarter worth $41,000. Avondale Wealth Management raised its position in shares of Microsoft by 50.5% in the 4th quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock worth $57,000 after acquiring an additional 187 shares in the last quarter. Finally, Mackey Komara & Dankovich LLC raised its position in shares of Microsoft by 335.8% in the 2nd quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock worth $113,000 after acquiring an additional 2,770 shares in the last quarter. Institutional investors and hedge funds own 72.38% of the company’s stock.

Shares of NASDAQ:MSFT opened at $138.60 on Wednesday. The company’s 50-day simple moving average is $137.27. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $141.68. The firm has a market cap of $1,051.47 billion, a price-to-earnings ratio of 29.18, a P/E/G ratio of 2.39 and a beta of 1.23. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71.

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

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio is presently 38.74%.

MSFT has been the subject of several recent research reports. Morgan Stanley boosted their price target on Microsoft from $145.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wedbush reissued an “outperform” rating and issued a $155.00 price target on shares of Microsoft in a research report on Thursday, June 13th. Jefferies Financial Group set a $93.00 price target on Microsoft and gave the stock a “sell” rating in a research report on Friday, July 19th. Goldman Sachs Group set a $151.00 price target on Microsoft and gave the stock a “buy” rating in a research report on Friday, July 19th. Finally, CIBC boosted their price target on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $149.21.

In other news, EVP Kathleen T. Hogan sold 15,947 shares of the stock in a transaction dated Monday, June 10th. The stock was sold at an average price of $133.17, for a total value of $2,123,661.99. Following the transaction, the executive vice president now directly owns 202,518 shares of the company’s stock, valued at $26,969,322.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the completion of the transaction, the chief marketing officer now directly owns 136,623 shares in the company, valued at $18,862,171.38. The disclosure for this sale can be found here. Insiders sold 26,819 shares of company stock worth $3,636,400 over the last three months. Corporate 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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