Legacy Capital Partners Inc. Decreases Position in Microsoft Co. (MSFT)

Legacy Capital Partners Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,902 shares of the software giant’s stock after selling 760 shares during the period. Microsoft makes up approximately 1.8% of Legacy Capital Partners Inc.’s investment portfolio, making the stock its 16th largest position. Legacy Capital Partners Inc.’s holdings in Microsoft were worth $3,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Live Your Vision LLC boosted its stake in shares of Microsoft by 58.7% in the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock valued at $140,000 after purchasing an additional 509 shares in the last quarter. CX Institutional acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $145,000. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $147,000. Ballew Advisors Inc acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $164,000. Finally, Lara May & Associates LLC acquired a new stake in shares of Microsoft in the 1st quarter valued at approximately $199,000. Hedge funds and other institutional investors own 71.92% of the company’s stock.

Shares of NASDAQ MSFT opened at $106.16 on Friday. The company has a market capitalization of $817.41 billion, a P/E ratio of 27.36, a price-to-earnings-growth ratio of 1.94 and a beta of 1.26. Microsoft Co. has a 1 year low of $80.70 and a 1 year high of $116.18. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.92 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 24th. The software giant reported $1.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The firm’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter last year, the business earned $0.84 EPS. Analysts forecast that Microsoft Co. will post 4.39 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Wednesday, November 14th. This is a positive change from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio (DPR) is 43.30%.

In other Microsoft news, insider Jean Philippe Courtois sold 28,941 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $109.00, for a total transaction of $3,154,569.00. Following the completion of the transaction, the insider now owns 529,721 shares in the company, valued at approximately $57,739,589. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 31st. The stock was sold at an average price of $107.70, for a total transaction of $2,154,000.00. Following the transaction, the insider now owns 66,676 shares of the company’s stock, valued at approximately $7,181,005.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 826,460 shares of company stock valued at $90,058,992. Company insiders own 1.49% of the company’s stock.

A number of equities research analysts have recently weighed in on the stock. Credit Suisse Group set a $125.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Cleveland Research restated a “buy” rating on shares of Microsoft in a research note on Tuesday, October 2nd. Royal Bank of Canada set a $124.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 26th. Barclays set a $120.00 price target on shares of Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 26th. Finally, Jefferies Financial Group restated a “sell” rating and issued a $75.00 price target on shares of Microsoft in a research note on Wednesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty-three have assigned a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $121.88.

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 for businesses, 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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