Microsoft Co. (NASDAQ:MSFT) Position Raised by Providence Capital Advisors LLC

Providence Capital Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 78.1% during the second quarter, HoldingsChannel reports. The institutional investor owned 31,027 shares of the software giant’s stock after acquiring an additional 13,607 shares during the quarter. Microsoft comprises 2.5% of Providence Capital Advisors LLC’s investment portfolio, making the stock its 4th biggest position. Providence Capital Advisors LLC’s holdings in Microsoft were worth $4,156,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. AlphaOne Investment Services LLC bought a new position in Microsoft in the second quarter valued at $51,000. Breakline Capital LLC bought a new position in Microsoft in the second quarter valued at $7,135,000. FCA Corp TX increased its stake in Microsoft by 145.9% in the second quarter. FCA Corp TX now owns 4,918 shares of the software giant’s stock valued at $659,000 after acquiring an additional 2,918 shares during the last quarter. Signet Financial Management LLC increased its stake in Microsoft by 118.1% in the second quarter. Signet Financial Management LLC now owns 35,994 shares of the software giant’s stock valued at $5,087,000 after acquiring an additional 19,488 shares during the last quarter. Finally, Eagle Global Advisors LLC increased its stake in Microsoft by 0.5% in the second quarter. Eagle Global Advisors LLC now owns 169,277 shares of the software giant’s stock valued at $22,676,000 after acquiring an additional 915 shares during the last quarter. Institutional investors own 72.16% of the company’s stock.

In other news, CFO Amy Hood sold 123,769 shares of Microsoft stock in a transaction that occurred 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 completion of the transaction, the chief financial officer now directly 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 through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of Microsoft stock in a transaction that occurred on Monday, July 29th. The shares were sold at an average price of $141.05, for a total transaction of $564,200.00. Following the transaction, the insider now owns 64,152 shares of the company’s stock, valued at $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 over the last quarter. Company insiders own 1.38% of the company’s stock.



MSFT has been the topic of a number of recent research reports. UBS Group set a $162.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Friday, July 19th. Citigroup raised their price objective on Microsoft from $147.00 to $152.00 and gave the company a “neutral” rating in a research note on Friday, July 19th. BMO Capital Markets raised their price objective on Microsoft from $147.00 to $153.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Stifel Nicolaus raised their price objective on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, July 19th. Finally, Credit Suisse Group set a $155.00 price objective on Microsoft and gave the company a “buy” rating in a research note on Wednesday, September 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $149.21.

Shares of MSFT stock traded up $1.21 during trading hours on Wednesday, hitting $138.59. 7,352,985 shares of the company’s stock traded hands, compared to its average volume of 22,695,260. The stock’s fifty day simple moving average is $136.95 and its two-hundred day simple moving average is $130.08. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37. The stock has a market cap of $1,054.56 billion, a price-to-earnings ratio of 29.18, a PEG ratio of 2.42 and a beta of 1.22. 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 released its earnings results 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. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The firm had revenue of $33.72 billion during the quarter, compared to analyst estimates of $32.80 billion. During the same period last year, the business earned $1.13 earnings per share. The business’s revenue was up 12.1% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 5.23 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a stock buyback plan on Wednesday, September 18th that allows the company to buyback $40.00 billion in shares. This buyback authorization allows the software giant to purchase up to 3.8% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 1.47%. 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. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft Company 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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