Sfmg LLC Has $7.26 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

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Sfmg LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 51,390 shares of the software giant’s stock after buying an additional 271 shares during the period. Microsoft makes up about 1.0% of Sfmg LLC’s portfolio, making the stock its 14th largest position. Sfmg LLC’s holdings in Microsoft were worth $7,263,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janus Henderson Group PLC boosted its position in Microsoft by 0.7% during the second quarter. Janus Henderson Group PLC now owns 52,986,086 shares of the software giant’s stock worth $7,097,675,000 after purchasing an additional 342,648 shares during the period. Clearbridge Investments LLC boosted its position in Microsoft by 0.8% during the first quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after purchasing an additional 201,876 shares during the period. Fisher Asset Management LLC boosted its position in Microsoft by 3.9% during the second quarter. Fisher Asset Management LLC now owns 20,822,243 shares of the software giant’s stock worth $2,789,348,000 after purchasing an additional 778,351 shares during the period. Lunia Capital LP boosted its position in Microsoft by 9,650.2% during the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after purchasing an additional 16,861,809 shares during the period. Finally, PNC Financial Services Group Inc. boosted its position in Microsoft by 1.1% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after purchasing an additional 150,105 shares during the period. Hedge funds and other institutional investors own 72.49% of the company’s stock.

MSFT has been the subject of a number of research reports. Canaccord Genuity increased their target price on shares of Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, July 19th. KeyCorp reiterated a “buy” rating and set a $155.00 target price on shares of Microsoft in a research report on Thursday, August 29th. Royal Bank of Canada reiterated a “buy” rating and set a $153.00 target price on shares of Microsoft in a research report on Wednesday, July 24th. CIBC increased their target price on shares of Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, July 19th. Finally, Wedbush reiterated an “outperform” rating on shares of Microsoft in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $149.21.

In related 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 sale, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 15,947 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 202,518 shares in the company, valued at $26,969,322.06. The disclosure for this sale can be found here. Insiders sold 33,819 shares of company stock worth $4,603,450 over the last ninety days. 1.38% of the stock is currently owned by insiders.

MSFT traded up $2.24 on Thursday, reaching $139.87. The company had a trading volume of 4,465,828 shares, compared to its average volume of 22,883,080. The business has a 50 day simple moving average of $137.14 and a 200 day simple moving average of $127.48. The company has a market cap of $1,038.72 billion, a price-to-earnings ratio of 29.45, a P/E/G ratio of 2.37 and a beta of 1.22. 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 Co. has a 52-week low of $93.96 and a 52-week high of $141.68.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.16. The business had revenue of $33.72 billion for 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%. Microsoft’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period last year, the firm posted $1.13 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 5.22 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 38.74%.

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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