Logan Capital Management Inc. Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Logan Capital Management Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 258,162 shares of the software giant’s stock after selling 3,707 shares during the quarter. Microsoft accounts for 2.0% of Logan Capital Management Inc.’s portfolio, making the stock its 5th biggest holding. Logan Capital Management Inc.’s holdings in Microsoft were worth $34,584,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in MSFT. Lunia Capital LP increased its stake in Microsoft by 9,650.2% in the 4th quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after acquiring an additional 16,861,809 shares during the last quarter. Thoroughbred Financial Services LLC increased its stake in Microsoft by 13,479.6% in the 2nd quarter. Thoroughbred Financial Services LLC now owns 8,726,283 shares of the software giant’s stock worth $872,628,000 after acquiring an additional 8,662,023 shares during the last quarter. Actiam N.V. bought a new stake in Microsoft in the 4th quarter worth approximately $117,106,000. Mn Services Vermogensbeheer B.V. increased its stake in Microsoft by 74.3% in the 4th quarter. Mn Services Vermogensbeheer B.V. now owns 2,035,128 shares of the software giant’s stock worth $180,823,000 after acquiring an additional 867,711 shares during the last quarter. Finally, Fisher Asset Management LLC increased its stake in Microsoft by 3.6% in the 4th quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock worth $1,974,703,000 after acquiring an additional 672,487 shares during the last quarter. 72.38% of the stock is currently owned by institutional investors and hedge funds.

In related news, CMO Christopher C. Capossela sold 3,500 shares of the business’s stock in a transaction on Thursday, August 8th. The stock was sold at an average price of $138.00, for a total transaction of $483,000.00. Following the completion of the transaction, the chief marketing officer now owns 129,817 shares in the company, valued at approximately $17,914,746. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 value of $564,200.00. Following the transaction, the insider now owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,819 shares of company stock valued at $3,636,400. 1.38% of the stock is owned by company insiders.

MSFT opened at $138.60 on Wednesday. The firm’s fifty day simple moving average is $137.27. Microsoft Co. has a 52-week low of $93.96 and a 52-week high of $141.68. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The stock has a market cap of $1,051.47 billion, a PE ratio of 29.18, a P/E/G ratio of 2.39 and a beta of 1.23.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Zacks’ 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 during the quarter, compared to analysts’ expectations of $32.80 billion. During the same quarter in the previous year, the business earned $1.13 EPS. Microsoft’s revenue was up 12.1% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 5.22 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s payout ratio is currently 38.74%.

MSFT has been the topic of a number of research reports. Argus lifted their price objective on Microsoft to $158.00 and gave the stock a “buy” rating in a research note on Thursday, July 25th. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $155.00 target price on shares of Microsoft in a report on Friday, July 19th. Wells Fargo & Co set a $160.00 target price on Microsoft and gave the stock a “buy” rating in a report on Friday, July 19th. DZ Bank reiterated a “buy” rating on shares of Microsoft in a report on Friday, July 19th. Finally, KeyCorp lifted their target price on Microsoft from $143.00 to $155.00 and gave the stock an “overweight” 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 assigned a buy rating and two have issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $149.21.

About Microsoft

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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