Dearborn Partners LLC Has $14.89 Million Stake in Microsoft Co. (MSFT)

Dearborn Partners LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 174,047 shares of the software giant’s stock after selling 637 shares during the period. Dearborn Partners LLC’s holdings in Microsoft were worth $14,888,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Hardman Johnston Global Advisors LLC grew its stake in shares of Microsoft by 0.5% during the third quarter. Hardman Johnston Global Advisors LLC now owns 426,992 shares of the software giant’s stock valued at $31,807,000 after buying an additional 1,980 shares during the last quarter. Edgestream Partners L.P. bought a new position in shares of Microsoft during the third quarter valued at approximately $550,000. FineMark National Bank & Trust grew its stake in shares of Microsoft by 0.3% during the third quarter. FineMark National Bank & Trust now owns 334,602 shares of the software giant’s stock valued at $24,925,000 after buying an additional 1,009 shares during the last quarter. Deltec Asset Management LLC grew its stake in shares of Microsoft by 50.4% during the third quarter. Deltec Asset Management LLC now owns 103,500 shares of the software giant’s stock valued at $7,710,000 after buying an additional 34,700 shares during the last quarter. Finally, Crossvault Capital Management LLC grew its stake in shares of Microsoft by 23.0% during the third quarter. Crossvault Capital Management LLC now owns 74,361 shares of the software giant’s stock valued at $5,539,000 after buying an additional 13,900 shares during the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

In other news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $93.00, for a total transaction of $325,500.00. Following the completion of the sale, the executive vice president now owns 171,278 shares in the company, valued at approximately $15,928,854. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.49% of the company’s stock.

Shares of MSFT opened at $96.36 on Friday. Microsoft Co. has a 12 month low of $67.43 and a 12 month high of $98.69. The company has a quick ratio of 3.35, a current ratio of 3.40 and a debt-to-equity ratio of 1.00. The firm has a market cap of $748.03 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.14 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, beating the consensus estimate of $0.85 by $0.10. Microsoft had a return on equity of 36.49% and a net margin of 13.72%. The firm had revenue of $26.82 billion during the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the prior year, the business posted $0.73 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. analysts forecast that Microsoft Co. will post 3.8 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. Microsoft’s dividend payout ratio is presently 50.76%.

A number of research firms have recently commented on MSFT. Royal Bank of Canada reaffirmed an “outperform” rating and set a $115.00 target price on shares of Microsoft in a research note on Friday. Evercore ISI upped their target price on Microsoft from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday. Credit Suisse Group reissued an “outperform” rating and issued a $115.00 price objective on shares of Microsoft in a research note on Thursday, May 10th. MED reissued a “buy” rating on shares of Microsoft in a research note on Tuesday, May 8th. Finally, Nomura set a $108.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Friday, May 4th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have issued a buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus price target of $103.13.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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