Stevens Capital Management LP Sells 6,080 Shares of Microsoft Co. (NASDAQ:MSFT)

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Stevens Capital Management LP cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 175,166 shares of the software giant’s stock after selling 6,080 shares during the quarter. Microsoft makes up about 1.0% of Stevens Capital Management LP’s portfolio, making the stock its 20th largest position. Stevens Capital Management LP’s holdings in Microsoft were worth $23,465,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Guardian Investment Management increased its holdings in Microsoft by 4.2% during the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after buying an additional 1,240 shares during the last quarter. Navellier & Associates Inc increased its holdings in Microsoft by 0.6% during the second quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after buying an additional 95 shares during the last quarter. Empirical Finance LLC increased its holdings in Microsoft by 3.5% during the second quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after buying an additional 295 shares during the last quarter. Legacy Financial Strategies LLC purchased a new stake in Microsoft during the second quarter worth about $211,000. Finally, Independence Bank of Kentucky increased its holdings in Microsoft by 0.6% during the second quarter. Independence Bank of Kentucky now owns 14,960 shares of the software giant’s stock worth $2,004,000 after buying an additional 95 shares during the last quarter. 72.49% of the stock is currently owned by institutional investors and hedge funds.

MSFT opened at $134.22 on Wednesday. The company has a market capitalization of $1,018.49 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 2.32 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. The firm has a 50-day moving average price of $137.32 and a 200-day moving average price of $126.25. Microsoft Co. has a twelve month low of $93.96 and a twelve month high of $141.68.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company’s revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. On average, sell-side analysts expect 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 given a $0.46 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

In other news, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of the transaction, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 13th. The shares were sold at an average price of $138.15, for a total transaction of $967,050.00. Following the completion of the transaction, the chief marketing officer now owns 122,817 shares of the company’s stock, valued at $16,967,168.55. The disclosure for this sale can be found here. Insiders sold 33,819 shares of company stock valued at $4,603,450 over the last 90 days. 1.38% of the stock is owned by company insiders.

MSFT has been the subject of a number of research analyst reports. Oppenheimer raised their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. JPMorgan Chase & Co. restated a “buy” rating and set a $155.00 price objective on shares of Microsoft in a report on Friday, July 19th. CIBC raised their price objective on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, July 19th. Mizuho set a $152.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Royal Bank of Canada restated a “buy” rating and set a $153.00 price objective on shares of Microsoft in a report on Wednesday, July 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have given a buy rating and two have given a strong buy rating to the stock. Microsoft has an average rating of “Buy” and an average 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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