Prentiss Smith & Co. Inc. Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Prentiss Smith & Co. Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,643 shares of the software giant’s stock after selling 150 shares during the period. Microsoft makes up about 1.0% of Prentiss Smith & Co. Inc.’s holdings, making the stock its 27th biggest holding. Prentiss Smith & Co. Inc.’s holdings in Microsoft were worth $1,560,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently added to or reduced their stakes in the business. Quantamental Technologies LLC purchased a new stake in Microsoft during the 4th quarter valued at $26,000. Highwater Wealth Management LLC purchased a new stake in Microsoft during the 4th quarter valued at $27,000. Centaurus Financial Inc. boosted its position in Microsoft by 21.1% during the 1st quarter. Centaurus Financial Inc. now owns 3,222 shares of the software giant’s stock valued at $27,000 after buying an additional 561 shares during the period. Mackey Komara & Dankovich LLC purchased a new stake in Microsoft during the 4th quarter valued at $30,000. Finally, Ayalon Holdings Ltd. purchased a new stake in Microsoft during the 4th quarter valued at $41,000. 72.12% of the stock is owned by institutional investors and hedge funds.

Several brokerages have weighed in on MSFT. Wells Fargo & Co set a $160.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. Canaccord Genuity increased their price target on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Royal Bank of Canada reissued a “buy” rating and set a $153.00 price target on shares of Microsoft in a research report on Wednesday, July 24th. Oppenheimer increased their price target on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Finally, UBS Group set a $162.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twenty-eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $149.21.

NASDAQ MSFT traded down $2.46 during trading on Friday, hitting $135.60. The company had a trading volume of 12,632,885 shares, compared to its average volume of 20,402,828. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. Microsoft Co. has a one year low of $93.96 and a one year high of $141.68. The firm has a market capitalization of $1,075.48 billion, a P/E ratio of 28.55, a price-to-earnings-growth ratio of 2.45 and a beta of 1.21. The stock has a fifty day simple moving average of $136.87.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. Microsoft’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period last year, the business earned $1.13 EPS. As a group, equities research analysts expect that Microsoft Co. will post 5.21 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.46 dividend. The ex-dividend date is Wednesday, August 14th. This represents a $1.84 annualized dividend and a dividend yield of 1.36%. Microsoft’s payout ratio is 38.74%.

In related news, EVP Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $126.02, for a total value of $630,100.00. Following the completion of the transaction, the executive vice president now directly owns 144,934 shares in the company, valued at approximately $18,264,582.68. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of the stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the transaction, the insider now owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,947 shares of company stock valued at $3,317,962. 1.38% of the stock is owned by company insiders.

Microsoft 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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