Microsoft Co. (NASDAQ:MSFT) shares purchased by Stack Financial Management Inc


Stack Financial Management Inc added to its position in shares of Microsoft Co. (NASDAQ: MSFTGet a rating) by 1.8% in the 1st quarter, according to its last filing with the Securities & Exchange Commission. The institutional investor held 297,749 shares of the software giant after acquiring an additional 5,143 shares during the period. Microsoft accounts for 8.4% of Stack Financial Management Inc’s investment portfolio, making the stock its largest holding. Stack Financial Management Inc’s holdings in Microsoft were worth $91,799,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently increased or reduced their stake in the company. Norges Bank acquired a new position in Microsoft shares in Q4 worth $24,401,940,000. State Street Corp raised its position in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant valued at $101,750,881,000 after buying an additional 8,108,943 shares in the last quarter. Castleview Partners LLC purchased a new stake in Microsoft in Q4 valued at $11,872,000. TD Asset Management Inc. increased its position in Microsoft by 28.5% in the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant valued at $4,868,814,000 after buying 3,207,415 more shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Microsoft by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 129,107,118 shares of the software giant valued at $43,313,705,000 after buying an additional 3,027,306 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s shares.

Microsoft down 0.3%

Shares of NASDAQ MSFT opened at $291.32 on Thursday. The stock has a market capitalization of $2.17 trillion, a price/earnings ratio of 30.22, a PEG ratio of 2.47 and a beta of 0.93. The company has a 50-day simple moving average of $265.65 and a 200-day simple moving average of $279.50. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The company has a debt ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ: MSFTGet a rating) last announced its quarterly results on Tuesday, July 26. The software giant reported EPS of $2.23 for the quarter, missing the consensus estimate of $2.29 per ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. In the same period a year earlier, the company posted earnings per share of $2.17. On average, research analysts predict that Microsoft Co. will post earnings per share of 10.14 for the current fiscal year.

Microsoft dividend announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Investors of record on Thursday August 18 will receive a dividend of $0.62. The ex-dividend date is Wednesday, August 17. This represents an annualized dividend of $2.48 and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Analysts set new price targets

MSFT has been the subject of a number of analyst reports. Jefferies Financial Group cut its price target on Microsoft stock from $325.00 to $320.00 in a Monday, June 13 research report. Morgan Stanley lowered its price target on Microsoft shares from $372.00 to $354.00 and set an “overweight” rating on the stock in a Tuesday, July 12 research note. Wolfe Research cut its price target on Microsoft stock from $320.00 to $275.00 and set an “outperform” rating on the stock in a Friday, July 29 research note. Deutsche Bank Aktiengesellschaft cut its price target on Microsoft shares from $350.00 to $330.00 and set a “buy” rating on the stock in a Wednesday, July 27 report. Finally, Fundamental Research reiterated a “hold” rating and set a price target of $280.50 on Microsoft stock in a Wednesday, August 3 report. Two analysts rated the stock with a hold rating and thirty-one gave the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Company Profile

(Get a rating)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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Geraldine L. Melton