Legacy Capital Partners Inc. Has $7.95 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Legacy Capital Partners Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFT) by 2.1% in the 2nd quarter, Holdings Channel.com reports. The firm owned 39,061 shares of the software giant’s stock after selling 821 shares during the period. Microsoft makes up 3.4% of Legacy Capital Partners Inc.’s holdings, making the stock its 2nd biggest holding. Legacy Capital Partners Inc.’s holdings in Microsoft were worth $7,949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Norges Bank acquired a new position in shares of Microsoft in the 4th quarter valued at about $12,315,435,000. Advisor Group Holdings Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at about $328,820,000. Geode Capital Management LLC boosted its holdings in shares of Microsoft by 5.4% in the 4th quarter. Geode Capital Management LLC now owns 113,401,519 shares of the software giant’s stock valued at $17,849,067,000 after buying an additional 5,771,223 shares during the period. Swiss National Bank boosted its holdings in shares of Microsoft by 22.9% in the 1st quarter. Swiss National Bank now owns 28,404,917 shares of the software giant’s stock valued at $4,479,739,000 after buying an additional 5,287,700 shares during the period. Finally, Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Microsoft by 21.3% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 21,889,017 shares of the software giant’s stock valued at $3,451,565,000 after buying an additional 3,836,507 shares during the period. 70.71% of the stock is owned by institutional investors and hedge funds.

Shares of MSFT opened at $212.83 on Thursday. The company’s 50 day moving average price is $192.04 and its 200 day moving average price is $173.19. Microsoft Co. has a 52 week low of $130.78 and a 52 week high of $211.13. The company has a market capitalization of $1,613.98 billion, a PE ratio of 35.47, a PEG ratio of 2.40 and a beta of 0.93. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.88 and a current ratio of 2.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 29th. The software giant reported $1.40 EPS for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.13. Microsoft had a net margin of 33.36% and a return on equity of 40.37%. The firm had revenue of $35.02 billion for the quarter, compared to the consensus estimate of $33.70 billion. During the same period in the previous year, the firm posted $1.14 earnings per share. The firm’s revenue was up 14.6% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 5.7 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s payout ratio is presently 42.95%.

A number of research analysts have issued reports on MSFT shares. Credit Suisse Group reissued a “sell” rating and set a $195.00 target price on shares of Microsoft in a research note on Friday, July 3rd. Wedbush reissued a “buy” rating and set a $220.00 target price on shares of Microsoft in a research note on Friday, June 26th. Barclays boosted their target price on shares of Microsoft from $190.00 to $204.00 and gave the company an “overweight” rating in a research note on Thursday, April 30th. Bank of America reissued a “buy” rating and set a $190.00 target price on shares of Microsoft in a research note on Thursday, April 30th. Finally, Mizuho reissued a “buy” rating and set a $205.00 target price on shares of Microsoft in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and thirty-six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $196.63.

In other Microsoft news, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The shares were sold at an average price of $176.08, for a total value of $6,162,800.00. Following the completion of the sale, the executive vice president now directly owns 50,023 shares of the company’s stock, valued at $8,808,049.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Frank H. Brod sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $176.94, for a total transaction of $530,820.00. Following the completion of the sale, the chief accounting officer now directly owns 57,136 shares of the company’s stock, valued at $10,109,643.84. The disclosure for this sale can be found here. Insiders have sold 38,049 shares of company stock worth $6,702,736 over the last ninety days. 1.39% of the stock is currently owned by insiders.

About Microsoft

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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