Texas Capital Bancshares Inc. TX Raises Stake in Microsoft Co. (NASDAQ:MSFT)

Texas Capital Bancshares Inc. TX raised its position in Microsoft Co. (NASDAQ:MSFT) by 21.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,988 shares of the software giant’s stock after acquiring an additional 874 shares during the quarter. Microsoft makes up about 1.1% of Texas Capital Bancshares Inc. TX’s holdings, making the stock its 15th biggest holding. Texas Capital Bancshares Inc. TX’s holdings in Microsoft were worth $669,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of MSFT. Guardian Investment Management raised its holdings in Microsoft by 4.2% during the fourth quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after purchasing an additional 1,240 shares in the last quarter. Empirical Finance LLC raised its holdings in Microsoft by 3.5% during the second quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after purchasing an additional 295 shares in the last quarter. Navellier & Associates Inc raised its holdings in Microsoft by 0.6% during the second quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after purchasing an additional 95 shares in the last quarter. Legacy Financial Strategies LLC acquired a new stake in Microsoft during the second quarter worth approximately $211,000. Finally, Ocean Capital Management LLC raised its holdings in Microsoft by 12.3% during the first quarter. Ocean Capital Management LLC now owns 8,199 shares of the software giant’s stock worth $967,000 after purchasing an additional 895 shares in the last quarter. Institutional investors own 72.09% of the company’s stock.

MSFT has been the topic of a number of research analyst reports. Barclays raised their price objective on shares of Microsoft from $132.00 to $152.00 and gave the stock an “overweight” rating in a report on Thursday, April 25th. Cowen began coverage on shares of Microsoft in a report on Thursday, July 11th. They issued an “outperform” rating and a $150.00 target price on the stock. Argus lifted their target price on shares of Microsoft to $158.00 and gave the company a “buy” rating in a report on Thursday, July 25th. Goldman Sachs Group set a $151.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. Finally, Jefferies Financial Group set a $93.00 target price on shares of Microsoft and gave the company a “sell” rating in a 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 assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $149.21.

In related news, CMO Christopher C. Capossela sold 3,372 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $138.06, for a total transaction of $465,538.32. Following the completion of the sale, the chief marketing officer now owns 136,623 shares of the company’s stock, valued at approximately $18,862,171.38. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $141.05, for a total value of $564,200.00. Following the completion of 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 ninety days, insiders have sold 28,319 shares of company stock valued at $3,783,500. Corporate insiders own 1.38% of the company’s stock.

NASDAQ:MSFT traded down $0.56 on Wednesday, reaching $134.13. The stock had a trading volume of 7,539,236 shares, compared to its average volume of 24,311,778. The stock has a market cap of $1,049.04 billion, a P/E ratio of 28.24, a price-to-earnings-growth ratio of 2.39 and a beta of 1.23. 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’s fifty day simple moving average is $137.12. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $141.68.

Microsoft (NASDAQ:MSFT) last released its earnings results 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 net margin of 31.18% and a return on equity of 39.26%. The company had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same period in the prior year, the firm earned $1.13 EPS. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 5.21 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date is Wednesday, August 14th. Microsoft’s dividend payout ratio is currently 38.74%.

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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