Microsoft Co. (MSFT) Position Lifted by Horan Capital Management

Horan Capital Management boosted its position in Microsoft Co. (NASDAQ:MSFT) by 2.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 278,936 shares of the software giant’s stock after purchasing an additional 5,371 shares during the period. Microsoft makes up approximately 5.9% of Horan Capital Management’s investment portfolio, making the stock its 5th biggest holding. Horan Capital Management’s holdings in Microsoft were worth $28,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Addenda Capital Inc. raised its stake in shares of Microsoft by 2.0% during the fourth quarter. Addenda Capital Inc. now owns 121,889 shares of the software giant’s stock valued at $12,379,000 after acquiring an additional 2,416 shares in the last quarter. Contravisory Investment Management Inc. raised its stake in shares of Microsoft by 113.1% during the fourth quarter. Contravisory Investment Management Inc. now owns 537 shares of the software giant’s stock valued at $55,000 after acquiring an additional 285 shares in the last quarter. Endurance Wealth Management Inc. raised its stake in shares of Microsoft by 0.7% during the fourth quarter. Endurance Wealth Management Inc. now owns 25,338 shares of the software giant’s stock valued at $2,574,000 after acquiring an additional 181 shares in the last quarter. Northside Capital Management LLC raised its stake in shares of Microsoft by 0.6% during the fourth quarter. Northside Capital Management LLC now owns 24,485 shares of the software giant’s stock valued at $2,487,000 after acquiring an additional 138 shares in the last quarter. Finally, First PREMIER Bank raised its stake in shares of Microsoft by 15.9% during the fourth quarter. First PREMIER Bank now owns 18,754 shares of the software giant’s stock valued at $1,905,000 after acquiring an additional 2,571 shares in the last quarter. 72.89% of the stock is owned by institutional investors and hedge funds.

MSFT has been the subject of several research analyst reports. Zacks Investment Research downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, December 31st. Credit Suisse Group reaffirmed a “buy” rating on shares of Microsoft in a research note on Wednesday, January 2nd. Royal Bank of Canada reaffirmed a “buy” rating and set a $124.00 price target on shares of Microsoft in a research note on Monday, January 21st. Goldman Sachs Group reissued a “buy” rating and issued a $123.00 price objective on shares of Microsoft in a research note on Wednesday, January 23rd. Finally, Bank of America raised shares of Microsoft to a “buy” rating and reduced their price objective for the stock from $150.00 to $140.00 in a research note on Monday, January 28th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, three have assigned a hold rating, twenty-nine have issued a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $125.32.

In related news, CEO Satya Nadella sold 267,466 shares of the business’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total transaction of $28,354,070.66. Following the completion of the transaction, the chief executive officer now directly owns 1,746,854 shares in the company, valued at $185,183,992.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Friday, March 8th. The shares were sold at an average price of $110.46, for a total transaction of $552,300.00. Following the transaction, the chief marketing officer now owns 156,866 shares of the company’s stock, valued at $17,327,418.36. The disclosure for this sale can be found here. Insiders have sold 333,667 shares of company stock worth $35,657,016 over the last three months. Corporate insiders own 1.38% of the company’s stock.

NASDAQ MSFT traded down $0.43 on Wednesday, hitting $125.01. The stock had a trading volume of 22,066,079 shares, compared to its average volume of 26,948,709. The company has a current ratio of 3.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.82. Microsoft Co. has a 52-week low of $90.28 and a 52-week high of $125.85. The firm has a market capitalization of $949.92 billion, a P/E ratio of 32.22, a P/E/G ratio of 2.26 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.01. The business had revenue of $32.47 billion for the quarter, compared to analyst estimates of $32.53 billion. Microsoft had a net margin of 28.31% and a return on equity of 39.52%. The business’s revenue for the quarter was up 12.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.96 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 4.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Wednesday, May 15th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.47%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.

COPYRIGHT VIOLATION NOTICE: This piece was first reported by Baseball Daily News and is the sole property of of Baseball Daily News. If you are accessing this piece on another domain, it was stolen and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at https://www.baseballdailydigest.com/news/2019/04/24/microsoft-co-msft-holdings-lifted-by-horan-capital-management.html.

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.

Read More: Total Return

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.