Cortland Associates Inc. MO Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Cortland Associates Inc. MO reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,564 shares of the software giant’s stock after selling 90 shares during the quarter. Microsoft accounts for 0.2% of Cortland Associates Inc. MO’s portfolio, making the stock its 25th largest position. Cortland Associates Inc. MO’s holdings in Microsoft were worth $1,336,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Selective Wealth Management Inc. lifted its holdings in shares of Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock worth $48,000 after acquiring an additional 50 shares during the last quarter. Avondale Wealth Management lifted its holdings in shares of Microsoft by 25.4% in the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after acquiring an additional 94 shares during the last quarter. Sofos Investments Inc. lifted its holdings in shares of Microsoft by 15.5% in the 1st quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock worth $81,000 after acquiring an additional 343 shares during the last quarter. Cypress Capital Management LLC WY lifted its holdings in shares of Microsoft by 14.3% in the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after acquiring an additional 95 shares during the last quarter. Finally, Lake Point Wealth Management lifted its holdings in shares of Microsoft by 32.8% in the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after acquiring an additional 192 shares during the last quarter. Hedge funds and other institutional investors own 70.59% of the company’s stock.

NASDAQ MSFT opened at $205.01 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. The firm’s fifty day moving average price is $202.18 and its 200 day moving average price is $178.77. The company has a market capitalization of $1,546.26 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 12 month low of $130.78 and a 12 month high of $216.38.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. The firm had revenue of $38.03 billion for the quarter, compared to the consensus estimate of $36.59 billion. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. As a group, sell-side analysts forecast that Microsoft Co. will post 6.39 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend is Wednesday, August 19th. Microsoft’s dividend payout ratio (DPR) is 35.42%.

Several brokerages have recently commented on MSFT. BMO Capital Markets upped their price objective on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a report on Wednesday, July 15th. They noted that the move was a valuation call. Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 target price on the stock in a report on Wednesday, May 20th. Morgan Stanley lowered shares of Microsoft to an “in-line” rating in a report on Monday, July 27th. BidaskClub lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating in a report on Friday, July 17th. Finally, Griffin Securities increased their target price on shares of Microsoft from $192.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Four research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $213.23.

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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