Microsoft Co. (NASDAQ:MSFT) Stock Position Cut by Seelaus Asset Management LLC

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Seelaus Asset Management LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,320 shares of the software giant’s stock after selling 100 shares during the period. Microsoft accounts for approximately 2.0% of Seelaus Asset Management LLC’s holdings, making the stock its 4th biggest position. Seelaus Asset Management LLC’s holdings in Microsoft were worth $2,186,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSFT. Quantamental Technologies LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $26,000. Centaurus Financial Inc. boosted its holdings in Microsoft by 21.1% in the first quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after acquiring an additional 561 shares during the last quarter. Avondale Wealth Management boosted its holdings in Microsoft by 50.5% in the fourth quarter. Avondale Wealth Management now owns 557 shares of the software giant’s stock valued at $57,000 after acquiring an additional 187 shares during the last quarter. Mackey Komara & Dankovich LLC boosted its holdings in Microsoft by 335.8% in the second quarter. Mackey Komara & Dankovich LLC now owns 3,595 shares of the software giant’s stock valued at $113,000 after acquiring an additional 2,770 shares during the last quarter. Finally, Asset Planning Services Ltd. acquired a new position in Microsoft in the second quarter valued at $116,000. Hedge funds and other institutional investors own 72.49% of the company’s stock.

NASDAQ MSFT opened at $134.22 on Wednesday. The stock has a market capitalization of $1,018.49 billion, a P/E ratio of 28.26, a P/E/G ratio of 2.32 and a beta of 1.23. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $141.68. The business’s fifty day moving average is $137.32 and its two-hundred day moving average is $126.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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 analysts’ expectations of $32.80 billion. During the same quarter in the prior year, the company earned $1.13 earnings per share. The firm’s revenue was up 12.1% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 1.37%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

In other Microsoft news, EVP Kathleen T. Hogan sold 15,947 shares of the business’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 approximately $26,969,322.06. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the business’s stock in a transaction on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the sale, the insider now directly owns 64,152 shares in the company, valued at $9,048,639.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 33,819 shares of company stock worth $4,603,450. Company insiders own 1.38% of the company’s stock.

A number of research analysts recently weighed in on the company. Argus lifted their target price on Microsoft to $158.00 and gave the company a “buy” rating in a report on Thursday, July 25th. UBS Group set a $162.00 target price on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Canaccord Genuity lifted their target price on Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a report on Friday, July 19th. Raymond James lifted their target price on Microsoft from $160.00 to $163.00 and gave the company a “strong-buy” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group set a $93.00 target price on Microsoft and gave the company a “sell” 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 issued a buy rating and two have issued a strong buy rating to the company. Microsoft currently has a consensus 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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