Legacy Financial Advisors Inc. Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

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Legacy Financial Advisors Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 6.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 8,521 shares of the software giant’s stock after acquiring an additional 531 shares during the quarter. Microsoft accounts for 0.3% of Legacy Financial Advisors Inc.’s investment portfolio, making the stock its 29th largest position. Legacy Financial Advisors Inc.’s holdings in Microsoft were worth $898,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Live Your Vision LLC boosted its stake in Microsoft by 58.7% during the 2nd quarter. Live Your Vision LLC now owns 1,376 shares of the software giant’s stock worth $140,000 after purchasing an additional 509 shares during the period. CX Institutional acquired a new stake in shares of Microsoft in the 2nd quarter worth $145,000. Spectrum Financial Alliance Ltd LLC acquired a new stake in shares of Microsoft in the 1st quarter worth $147,000. Ballew Advisors Inc acquired a new stake in shares of Microsoft in the 1st quarter worth $164,000. Finally, Lara May & Associates LLC acquired a new stake in shares of Microsoft in the 1st quarter worth $199,000. Hedge funds and other institutional investors own 71.92% of the company’s stock.

In related news, CFO Amy Hood sold 118,000 shares of the company’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares of the company’s stock, valued at $74,228,364.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 328,000 shares of the company’s stock in a transaction dated Friday, August 10th. The shares were sold at an average price of $109.44, for a total transaction of $35,896,320.00. Following the completion of the sale, the chief executive officer now directly owns 778,596 shares of the company’s stock, valued at $85,209,546.24. The disclosure for this sale can be found here. Insiders sold 853,460 shares of company stock valued at $92,965,482 in the last ninety days. Corporate insiders own 1.38% of the company’s stock.

Shares of Microsoft stock traded down $3.11 during trading on Monday, hitting $103.85. 49,139,401 shares of the stock were exchanged, compared to its average volume of 29,418,615. The firm has a market capitalization of $823.57 billion, a P/E ratio of 26.77, a P/E/G ratio of 1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.85 and a current ratio of 2.92. Microsoft Co. has a 12 month low of $80.70 and a 12 month high of $116.18.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, topping the consensus estimate of $0.96 by $0.18. The business had revenue of $29.08 billion during the quarter, compared to analyst estimates of $27.92 billion. Microsoft had a net margin of 16.38% and a return on equity of 39.86%. The company’s quarterly revenue was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.84 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 4.39 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 13th. Investors of record on Thursday, November 15th will be issued a $0.46 dividend. The ex-dividend date of this dividend is Wednesday, November 14th. This represents a $1.84 annualized dividend and a yield of 1.77%. This is an increase from Microsoft’s previous quarterly dividend of $0.42. Microsoft’s dividend payout ratio is presently 43.30%.

Several brokerages recently commented on MSFT. Credit Suisse Group restated a “buy” rating and set a $125.00 target price on shares of Microsoft in a report on Monday, September 10th. Oppenheimer set a $127.00 price target on shares of Microsoft and gave the stock a “buy” rating in a report on Monday. Nomura set a $118.00 target price on shares of Microsoft and gave the company a “buy” rating in a report on Friday, July 20th. Wells Fargo & Co set a $120.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 20th. Finally, Sanford C. Bernstein set a $135.00 price target on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, two have given a hold rating, thirty-three have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $121.88.

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 for businesses, 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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