Brasada Capital Management LP Has $11.05 Million Position in Microsoft Co. (NASDAQ:MSFT)

Brasada Capital Management LP decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 44.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 79,486 shares of the software giant’s stock after selling 63,242 shares during the period. Microsoft makes up about 3.0% of Brasada Capital Management LP’s investment portfolio, making the stock its 5th largest holding. Brasada Capital Management LP’s holdings in Microsoft were worth $11,051,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of MSFT. LFA Lugano Financial Advisors SA boosted its holdings in Microsoft by 274.5% during the second quarter. LFA Lugano Financial Advisors SA now owns 191 shares of the software giant’s stock worth $26,000 after purchasing an additional 140 shares during the last quarter. Krane Funds Advisors LLC acquired a new position in Microsoft during the second quarter worth $26,000. Selective Wealth Management Inc. acquired a new position in Microsoft during the third quarter worth $36,000. Atwater Malick LLC acquired a new position in Microsoft during the third quarter worth $37,000. Finally, AlphaOne Investment Services LLC acquired a new position in Microsoft during the second quarter worth $51,000. 72.17% of the stock is owned by institutional investors.

Shares of MSFT stock opened at $150.34 on Tuesday. The stock has a market cap of $1,129.52 billion, a P/E ratio of 31.65, a P/E/G ratio of 2.33 and a beta of 1.23. The company has a debt-to-equity ratio of 0.69, a current ratio of 2.85 and a quick ratio of 2.81. The company has a fifty day moving average price of $141.57 and a two-hundred day moving average price of $135.97. Microsoft Co. has a one year low of $93.96 and a one year high of $150.55.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 23rd. The software giant reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.24 by $0.14. The firm had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The company’s revenue for the quarter was up 13.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.14 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 5.35 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Wednesday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio (DPR) is currently 38.74%.

Microsoft announced that its board has initiated a share repurchase program on Wednesday, September 18th that authorizes the company to buyback $40.00 billion in shares. This buyback authorization authorizes the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Several brokerages recently commented on MSFT. Piper Jaffray Companies restated an “overweight” rating and set a $158.00 target price on shares of Microsoft in a report on Friday, October 25th. ValuEngine cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Credit Suisse Group restated an “outperform” rating on shares of Microsoft in a report on Monday. Stifel Nicolaus restated a “buy” rating and set a $160.00 target price on shares of Microsoft in a report on Monday. Finally, BMO Capital Markets increased their target price on shares of Microsoft from $160.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. One analyst has rated the stock with a hold rating, thirty have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $159.45.

In other news, CEO Satya Nadella sold 99,837 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $137.20, for a total transaction of $13,697,636.40. Following the completion of the sale, the chief executive officer now owns 1,124,339 shares in the company, valued at approximately $154,259,310.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Christopher C. Capossela sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $144.01, for a total transaction of $360,025.00. Following the sale, the chief marketing officer now owns 118,944 shares of the company’s stock, valued at approximately $17,129,125.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 332,804 shares of company stock valued at $45,823,569. 1.39% of the stock is currently owned by corporate insiders.

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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