Microsoft Co. (NASDAQ:MSFT) Position Boosted by Murphy Capital Management Inc.

Murphy Capital Management Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 8.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,279 shares of the software giant’s stock after buying an additional 7,116 shares during the quarter. Microsoft makes up about 1.9% of Murphy Capital Management Inc.’s investment portfolio, making the stock its 10th largest position. Murphy Capital Management Inc.’s holdings in Microsoft were worth $12,629,000 as of its most recent filing with the SEC.

Other hedge funds also recently added to or reduced their stakes in the company. Clearbridge Investments LLC increased its position in Microsoft by 0.8% in the first quarter. Clearbridge Investments LLC now owns 24,262,155 shares of the software giant’s stock worth $2,861,479,000 after purchasing an additional 201,876 shares during the last quarter. Fisher Asset Management LLC increased its position in Microsoft by 3.6% in the fourth quarter. Fisher Asset Management LLC now owns 19,441,789 shares of the software giant’s stock worth $1,974,703,000 after purchasing an additional 672,487 shares during the last quarter. Lunia Capital LP increased its position in Microsoft by 9,650.2% in the fourth quarter. Lunia Capital LP now owns 17,036,540 shares of the software giant’s stock worth $17,037,000 after purchasing an additional 16,861,809 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Microsoft by 1.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 13,537,606 shares of the software giant’s stock worth $1,375,016,000 after purchasing an additional 150,105 shares during the last quarter. Finally, Alecta Pensionsforsakring Omsesidigt increased its position in Microsoft by 4.3% in the fourth quarter. Alecta Pensionsforsakring Omsesidigt now owns 11,460,000 shares of the software giant’s stock worth $1,150,584,000 after purchasing an additional 475,000 shares during the last quarter. 72.09% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CMO Christopher C. Capossela sold 3,372 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $138.06, for a total value of $465,538.32. Following the completion of the sale, the chief marketing officer now directly owns 136,623 shares of the company’s stock, valued at $18,862,171.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction dated Monday, July 29th. The stock was sold at an average price of $141.05, for a total transaction of $564,200.00. Following the completion of the sale, the insider now directly owns 64,152 shares of the company’s stock, valued at $9,048,639.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 28,319 shares of company stock worth $3,783,500. Company insiders own 1.38% of the company’s stock.

Several brokerages recently weighed in on MSFT. KeyCorp boosted their price target on shares of Microsoft from $143.00 to $155.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wedbush restated an “outperform” rating and issued a $155.00 price target on shares of Microsoft in a research report on Thursday, June 13th. DZ Bank restated a “buy” rating on shares of Microsoft in a research report on Friday, July 19th. Mizuho set a $152.00 price objective on shares of Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Canaccord Genuity boosted their price objective on shares of Microsoft from $145.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, twenty-eight have assigned a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $149.21.

NASDAQ MSFT opened at $137.71 on Friday. The business has a 50-day moving average of $137.25. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $1,060.48 billion, a PE ratio of 28.99, a PEG ratio of 2.42 and a beta of 1.23. Microsoft Co. has a 12 month low of $93.96 and a 12 month high of $141.68.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, topping the Zacks’ consensus estimate of $1.21 by $0.16. The firm had revenue of $33.72 billion for the quarter, compared to analysts’ expectations of $32.80 billion. Microsoft had a net margin of 31.18% and a return on equity of 39.26%. The business’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.13 earnings per share. Research analysts forecast that Microsoft Co. will post 5.22 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Wednesday, August 14th. Microsoft’s payout ratio is presently 38.74%.

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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