Microsoft Co. (MSFT) Position Lessened by Shamrock Asset Management LLC

Shamrock Asset Management LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,821 shares of the software giant’s stock after selling 1,251 shares during the quarter. Microsoft makes up about 1.6% of Shamrock Asset Management LLC’s investment portfolio, making the stock its 16th largest position. Shamrock Asset Management LLC’s holdings in Microsoft were worth $2,615,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Spectrum Financial Alliance Ltd LLC acquired a new position in shares of Microsoft during the first quarter valued at about $147,000. Ballew Advisors Inc acquired a new position in shares of Microsoft during the first quarter valued at about $164,000. Lara May & Associates LLC acquired a new position in shares of Microsoft during the first quarter valued at about $199,000. Chartist Inc. CA acquired a new position in shares of Microsoft during the first quarter valued at about $207,000. Finally, Holt Capital Advisors L.L.C. dba Holt Capital Partners L.P. acquired a new position in shares of Microsoft during the first quarter valued at about $210,000. 71.80% of the stock is owned by institutional investors.

Shares of NASDAQ:MSFT opened at $110.85 on Tuesday. Microsoft Co. has a 1 year low of $75.86 and a 1 year high of $116.18. The company has a market cap of $880.63 billion, a PE ratio of 28.57, a price-to-earnings-growth ratio of 2.19 and a beta of 1.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 2.86 and a current ratio of 2.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The firm had revenue of $30.09 billion for the quarter, compared to analyst estimates of $29.23 billion. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was up 17.5% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 4.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 13th. Stockholders of record on Thursday, November 15th will be given a dividend of $0.46 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.66%. Microsoft’s dividend payout ratio (DPR) is 43.30%.

MSFT has been the topic of several recent analyst reports. Oppenheimer restated a “buy” rating and set a $127.00 price objective on shares of Microsoft in a report on Monday, September 24th. Credit Suisse Group set a $125.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, August 27th. Royal Bank of Canada set a $124.00 price objective on shares of Microsoft and gave the company a “buy” rating in a report on Monday, September 10th. Atlantic Securities upgraded shares of Microsoft from a “neutral” rating to an “overweight” rating in a report on Monday, June 25th. Finally, BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a report on Friday, August 31st. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty have given a buy rating and two have given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $120.08.

In other Microsoft news, EVP Margaret L. Johnson sold 47,000 shares of the firm’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $107.67, for a total value of $5,060,490.00. Following the transaction, the executive vice president now owns 109,687 shares in the company, valued at approximately $11,809,999.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the firm’s stock in a transaction on Friday, August 10th. The shares were sold at an average price of $109.44, for a total value of $35,896,320.00. Following the completion of the transaction, the chief executive officer now owns 778,596 shares in the company, valued at approximately $85,209,546.24. The disclosure for this sale can be found here. Insiders have sold a total of 650,042 shares of company stock worth $71,264,850 in the last quarter. Insiders own 1.49% of the company’s stock.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, 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.

Recommended Story: Return on Investment (ROI) Defined, Explained

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply