Microsoft Co. (MSFT) Stake Increased by Everence Capital Management Inc.

Everence Capital Management Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 11.8% in the fourth quarter, Holdings Channel reports. The fund owned 175,690 shares of the software giant’s stock after purchasing an additional 18,571 shares during the period. Microsoft accounts for about 3.3% of Everence Capital Management Inc.’s investment portfolio, making the stock its 2nd largest holding. Everence Capital Management Inc.’s holdings in Microsoft were worth $15,029,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Microsoft during the 4th quarter valued at about $103,000. Cerebellum GP LLC purchased a new position in shares of Microsoft during the 4th quarter valued at about $134,000. Family Capital Trust Co purchased a new position in shares of Microsoft during the 4th quarter valued at about $188,000. NewSquare Capital LLC raised its holdings in shares of Microsoft by 470.8% during the 3rd quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after buying an additional 98,752 shares in the last quarter. Finally, Mitchell Capital Management Co. purchased a new position in shares of Microsoft during the 3rd quarter valued at about $201,000. Hedge funds and other institutional investors own 73.64% of the company’s stock.

Microsoft opened at $96.36 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40. Microsoft Co. has a 52-week low of $67.43 and a 52-week high of $98.69. The company has a market cap of $741.95 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 for the quarter, compared to analysts’ expectations of $25.78 billion. During the same period in the previous year, the firm earned $0.73 earnings per share. The business’s revenue was up 15.5% compared to the same quarter last year. equities analysts anticipate that Microsoft Co. will post 3.8 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid 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 (DPR) is presently 50.76%.

In related news, EVP Christopher C. Capossela sold 3,500 shares of Microsoft stock in a transaction that occurred 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 sale, the executive vice president now directly owns 171,278 shares in the company, valued at $15,928,854. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.49% of the company’s stock.

A number of brokerages recently weighed in on MSFT. Credit Suisse Group reissued an “outperform” rating and set a $115.00 price objective on shares of Microsoft in a report on Thursday, May 10th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 price objective on shares of Microsoft in a report on Friday. Evercore ISI raised their price objective on Microsoft from $115.00 to $118.00 and gave the company an “outperform” rating in a report on Tuesday, May 15th. Deutsche Bank set a $120.00 price objective on Microsoft and gave the company a “buy” rating in a report on Monday, March 12th. Finally, Vetr cut Microsoft from a “strong-buy” rating to a “buy” rating and set a $106.32 price objective on the stock. in a report on Wednesday, April 18th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $103.13.

Microsoft 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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