SSI Investment Management LLC Lowers Position in Microsoft Co. (NASDAQ:MSFT)

SSI Investment Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,179 shares of the software giant’s stock after selling 74 shares during the quarter. SSI Investment Management LLC’s holdings in Microsoft were worth $2,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of the company. New England Private Wealth Advisors LLC grew its holdings in Microsoft by 0.7% during the second quarter. New England Private Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock valued at $1,408,000 after purchasing an additional 72 shares during the period. Orgel Wealth Management LLC grew its holdings in Microsoft by 1.2% during the second quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after purchasing an additional 74 shares during the period. Planning Directions Inc. grew its holdings in Microsoft by 3.2% during the second quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after purchasing an additional 74 shares during the period. Weybosset Research & Management LLC grew its holdings in Microsoft by 2.1% during the second quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after purchasing an additional 75 shares during the period. Finally, Torch Wealth Management LLC grew its holdings in Microsoft by 0.4% during the second quarter. Torch Wealth Management LLC now owns 18,397 shares of the software giant’s stock valued at $2,464,000 after purchasing an additional 76 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

In other Microsoft news, CFO Amy Hood sold 123,769 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the sale, the chief financial officer now owns 433,940 shares in the company, valued at $59,562,604.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the firm’s stock in a transaction dated Monday, July 29th. The shares were sold at an average price of $141.05, for a total value of $564,200.00. Following the sale, the insider now owns 64,152 shares in the company, valued at approximately $9,048,639.60. The disclosure for this sale can be found here. Insiders have sold 318,757 shares of company stock valued at $43,735,918 in the last three months. 1.38% of the stock is owned by corporate insiders.



NASDAQ:MSFT traded down $1.63 during trading hours on Friday, hitting $139.44. 32,000,285 shares of the company’s stock traded hands, compared to its average volume of 21,749,972. The firm has a market cap of $1,057.66 billion, a P/E ratio of 29.36, a P/E/G ratio of 2.41 and a beta of 1.22. Microsoft Co. has a 52 week low of $93.96 and a 52 week high of $142.37. The business’s fifty day simple moving average is $136.80 and its two-hundred day simple moving average is $129.54. The company has a quick ratio of 2.50, a current ratio of 2.53 and a debt-to-equity ratio of 0.71.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. The company had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The firm’s quarterly revenue was up 12.1% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. On average, analysts expect that Microsoft Co. will post 5.23 EPS for the current year.

Microsoft announced that its board has authorized a share buyback plan on Wednesday, September 18th that permits the company to buyback $40.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend is Wednesday, November 20th. This represents a $2.04 annualized dividend and a yield of 1.46%. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

Several equities analysts have weighed in on the company. Wedbush reissued an “outperform” rating on shares of Microsoft in a report on Thursday, August 29th. Credit Suisse Group set a $155.00 price target on Microsoft and gave the stock a “buy” rating in a report on Wednesday, September 4th. KeyCorp reaffirmed a “buy” rating and issued a $155.00 price target on shares of Microsoft in a report on Thursday, August 29th. Canaccord Genuity raised their price target on Microsoft from $145.00 to $155.00 and gave the stock a “buy” rating in a report on Friday, July 19th. Finally, Mizuho set a $152.00 price target on Microsoft and gave the stock a “buy” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued 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 an average target price 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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