Capco Asset Management LLC Has $26.79 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Capco Asset Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 199,951 shares of the software giant’s stock after selling 1,317 shares during the period. Microsoft comprises approximately 14.8% of Capco Asset Management LLC’s holdings, making the stock its biggest position. Capco Asset Management LLC’s holdings in Microsoft were worth $26,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in the business. Guardian Investment Management raised its position in shares of Microsoft by 4.2% during the 4th quarter. Guardian Investment Management now owns 30,770 shares of the software giant’s stock worth $3,125,000 after buying an additional 1,240 shares in the last quarter. Navellier & Associates Inc raised its position in shares of Microsoft by 0.6% during the 2nd quarter. Navellier & Associates Inc now owns 15,304 shares of the software giant’s stock worth $2,050,000 after buying an additional 95 shares in the last quarter. Empirical Finance LLC raised its position in shares of Microsoft by 3.5% during the 2nd quarter. Empirical Finance LLC now owns 8,707 shares of the software giant’s stock worth $1,166,000 after buying an additional 295 shares in the last quarter. Legacy Financial Strategies LLC bought a new stake in shares of Microsoft during the 2nd quarter worth about $211,000. Finally, Axiom International Investors LLC DE raised its position in shares of Microsoft by 24.3% during the 2nd quarter. Axiom International Investors LLC DE now owns 1,042,490 shares of the software giant’s stock worth $139,652,000 after buying an additional 203,715 shares in the last quarter. 72.16% of the stock is owned by institutional investors.

NASDAQ MSFT opened at $137.73 on Friday. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71. The stock has a market capitalization of $1,064.07 billion, a PE ratio of 29.00, a price-to-earnings-growth ratio of 2.42 and a beta of 1.22. The company has a 50 day moving average price of $137.23 and a two-hundred day moving average price of $130.50. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37.

Microsoft (NASDAQ:MSFT) last posted 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. The firm had revenue of $33.72 billion during the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The company’s revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.13 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 5.23 EPS for the current year.

Microsoft announced that its board has authorized a stock buyback program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.48%. This is a boost from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date is Wednesday, November 20th. Microsoft’s payout ratio is presently 38.74%.

In related news, CFO Amy Hood sold 123,769 shares of the business’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the transaction, the chief financial officer now owns 433,940 shares of the company’s stock, valued at $59,562,604.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Christopher C. Capossela sold 3,372 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $138.06, for a total transaction of $465,538.32. Following the transaction, the chief marketing officer now directly owns 136,623 shares in the company, valued at approximately $18,862,171.38. The disclosure for this sale can be found here. Insiders sold 318,757 shares of company stock valued at $43,735,918 over the last 90 days. 1.38% of the stock is owned by corporate insiders.

A number of analysts have commented on the stock. Mizuho set a $152.00 price target on shares of Microsoft and gave the stock a “buy” rating in a research report on Friday, September 6th. Morgan Stanley set a $155.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, September 23rd. Jefferies Financial Group set a $93.00 price objective on shares of Microsoft and gave the stock a “sell” rating in a research note on Friday, July 19th. Cowen began coverage on shares of Microsoft in a research note on Thursday, July 11th. They issued an “outperform” rating and a $150.00 price objective on the stock. Finally, Canaccord Genuity lifted their price objective on shares of Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $149.21.

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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