Howard Capital Management Lowers Stake in Microsoft Co. (MSFT)

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Howard Capital Management trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 321,422 shares of the software giant’s stock after selling 1,007 shares during the period. Microsoft comprises approximately 4.9% of Howard Capital Management’s investment portfolio, making the stock its 2nd largest holding. Howard Capital Management’s holdings in Microsoft were worth $36,761,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Middleton & Co Inc MA boosted its stake in Microsoft by 1.5% in the second quarter. Middleton & Co Inc MA now owns 55,349 shares of the software giant’s stock worth $5,457,000 after buying an additional 838 shares in the last quarter. Macguire Cheswick & Tuttle Investment Counsel LLC boosted its stake in Microsoft by 1.9% in the second quarter. Macguire Cheswick & Tuttle Investment Counsel LLC now owns 112,676 shares of the software giant’s stock worth $11,111,000 after buying an additional 2,090 shares in the last quarter. CHURCHILL MANAGEMENT Corp boosted its stake in Microsoft by 9.7% in the third quarter. CHURCHILL MANAGEMENT Corp now owns 45,161 shares of the software giant’s stock worth $5,165,000 after buying an additional 4,007 shares in the last quarter. Stony Point Wealth Management Inc. boosted its stake in Microsoft by 46.2% in the second quarter. Stony Point Wealth Management Inc. now owns 6,892 shares of the software giant’s stock worth $680,000 after buying an additional 2,177 shares in the last quarter. Finally, Bank of The West boosted its stake in Microsoft by 22.4% in the second quarter. Bank of The West now owns 94,931 shares of the software giant’s stock worth $9,361,000 after buying an additional 17,356 shares in the last quarter. Institutional investors own 71.64% of the company’s stock.

Shares of Microsoft stock opened at $102.80 on Monday. The company has a quick ratio of 2.85, a current ratio of 2.92 and a debt-to-equity ratio of 0.88. The company has a market cap of $802.86 billion, a P/E ratio of 26.49, a price-to-earnings-growth ratio of 1.89 and a beta of 1.24. Microsoft Co. has a 52 week low of $83.83 and a 52 week high of $116.18.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 24th. The software giant reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.18. The company had revenue of $29.08 billion during the quarter, compared to the consensus estimate of $27.92 billion. Microsoft had a return on equity of 39.86% and a net margin of 16.38%. The firm’s revenue for the quarter was up 18.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 earnings per share. On average, equities analysts predict that Microsoft Co. will post 4.43 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 21st will be issued a dividend of $0.46 per share. The ex-dividend date is Wednesday, February 20th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.79%. Microsoft’s dividend payout ratio is presently 47.42%.

Several analysts have weighed in on MSFT shares. Credit Suisse Group set a $125.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Sunday, December 23rd. Jefferies Financial Group reiterated a “sell” rating and issued a $75.00 price objective on shares of Microsoft in a research report on Monday, November 19th. Oppenheimer set a $127.00 price objective on Microsoft and gave the company a “buy” rating in a research report on Monday, October 1st. Wells Fargo & Co reiterated a “buy” rating and issued a $130.00 price objective on shares of Microsoft in a research report on Thursday, September 27th. Finally, Macquarie reiterated a “buy” rating on shares of Microsoft in a research report on Monday, October 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, thirty-three have given a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $121.88.

In other Microsoft news, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $111.77, for a total value of $1,117,700.00. Following the completion of the transaction, the chief marketing officer now owns 177,931 shares in the company, valued at $19,887,347.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the stock in a transaction on Monday, December 10th. The stock was sold at an average price of $105.50, for a total value of $422,000.00. Following the completion of the transaction, the executive vice president now owns 169,931 shares of the company’s stock, valued at approximately $17,927,720.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 279,918 shares of company stock valued at $30,102,412. 1.38% of the stock is owned by corporate insiders.

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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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