Microsoft Co. (NASDAQ:MSFT) is Congress Asset Management Co. MA’s 7th Largest Position

Congress Asset Management Co. MA cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 692,474 shares of the software giant’s stock after selling 4,350 shares during the quarter. Microsoft makes up 1.7% of Congress Asset Management Co. MA’s investment portfolio, making the stock its 7th largest position. Congress Asset Management Co. MA’s holdings in Microsoft were worth $140,925,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Selective Wealth Management Inc. raised its holdings in Microsoft by 26.9% in the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. KG&L Capital Management LLC raised its holdings in Microsoft by 0.7% in the second quarter. KG&L Capital Management LLC now owns 7,764 shares of the software giant’s stock valued at $1,579,000 after acquiring an additional 53 shares in the last quarter. Prentiss Smith & Co. Inc. raised its holdings in Microsoft by 0.5% in the first quarter. Prentiss Smith & Co. Inc. now owns 11,701 shares of the software giant’s stock valued at $1,845,000 after acquiring an additional 58 shares in the last quarter. Successful Portfolios LLC raised its holdings in Microsoft by 0.3% in the second quarter. Successful Portfolios LLC now owns 16,656 shares of the software giant’s stock valued at $3,390,000 after acquiring an additional 58 shares in the last quarter. Finally, Howard Wealth Management LLC raised its holdings in Microsoft by 1.3% in the first quarter. Howard Wealth Management LLC now owns 4,675 shares of the software giant’s stock valued at $737,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 70.59% of the company’s stock.

Shares of MSFT opened at $205.01 on Friday. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $1,546.26 billion, a PE ratio of 35.65, a P/E/G ratio of 2.33 and a beta of 0.93. The firm has a 50-day moving average price of $202.18 and a 200 day moving average price of $178.77.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. On average, equities analysts expect that Microsoft Co. will post 6.39 EPS for the current year.

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

Several research firms have weighed in on MSFT. Tigress Financial reiterated a “buy” rating on shares of Microsoft in a research note on Friday. Royal Bank of Canada reiterated a “buy” rating and set a $230.00 target price (down previously from $240.00) on shares of Microsoft in a research note on Thursday, July 23rd. Mizuho reiterated a “buy” rating and set a $205.00 target price on shares of Microsoft in a research note on Wednesday, May 20th. Barclays boosted their target price on shares of Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Finally, Raymond James boosted their target price on shares of Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a research note on Monday, July 20th. Four analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $213.23.

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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