Microsoft Co. (NASDAQ:MSFT) is Congress Asset Management Co. MA’s 7th Largest Position

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Congress Asset Management Co. MA lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 692,474 shares of the software giant’s stock after selling 4,350 shares during the period. Microsoft comprises 1.7% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 7th biggest position. Congress Asset Management Co. MA’s holdings in Microsoft were worth $140,925,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Selective Wealth Management Inc. grew its stake in Microsoft by 26.9% during the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. Avondale Wealth Management grew its stake in Microsoft by 25.4% during the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after acquiring an additional 94 shares in the last quarter. Sofos Investments Inc. grew its stake in Microsoft by 15.5% during the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock valued at $81,000 after acquiring an additional 343 shares in the last quarter. Cypress Capital Management LLC WY grew its stake in Microsoft by 14.3% during the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock valued at $120,000 after acquiring an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management grew its stake in Microsoft by 32.8% during the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock valued at $123,000 after acquiring an additional 192 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the stock. Raymond James increased their price target on shares of Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a research note on Monday, July 20th. Stifel Nicolaus increased their price target on shares of Microsoft from $200.00 to $215.00 and gave the company a “buy” rating in a research note on Monday, July 20th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 price target for the company in a research note on Wednesday, May 20th. BMO Capital Markets increased their price target on shares of Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Finally, William Blair reissued a “buy” rating on shares of Microsoft in a research note on Monday, July 20th. Four investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $213.23.

Microsoft stock opened at $205.01 on Friday. The firm has a market cap of $1,546.26 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57. The company’s 50 day moving average is $202.18 and its two-hundred day moving average is $178.77.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. On average, equities research analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Thursday, August 20th will be issued a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.00%. Microsoft’s payout ratio is 35.42%.

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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