Morris Capital Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.4% during the second quarter, HoldingsChannel.com reports. The fund owned 30,221 shares of the software giant’s stock after selling 1,719 shares during the quarter. Microsoft makes up about 5.6% of Morris Capital Advisors LLC’s portfolio, making the stock its 3rd biggest holding. Morris Capital Advisors LLC’s holdings in Microsoft were worth $6,150,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Canandaigua National Corp purchased a new position in shares of Microsoft in the 2nd quarter valued at $28,720,000. Nelson Roberts Investment Advisors LLC raised its stake in shares of Microsoft by 0.4% in the 1st quarter. Nelson Roberts Investment Advisors LLC now owns 108,476 shares of the software giant’s stock valued at $17,108,000 after acquiring an additional 438 shares during the period. Peoples Financial Services CORP. increased its stake in Microsoft by 1.1% during the 1st quarter. Peoples Financial Services CORP. now owns 40,605 shares of the software giant’s stock worth $6,404,000 after buying an additional 450 shares during the period. Empowered Funds LLC purchased a new stake in Microsoft during the 2nd quarter worth $1,374,000. Finally, Roundview Capital LLC increased its stake in Microsoft by 6.5% during the 1st quarter. Roundview Capital LLC now owns 111,865 shares of the software giant’s stock worth $17,642,000 after buying an additional 6,860 shares during the period. 70.59% of the stock is currently owned by institutional investors and hedge funds.

Microsoft stock opened at $205.01 on Friday. 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 50-day moving average price of $202.18 and a two-hundred day moving average price of $178.77. The firm has a market capitalization of $1,554.68 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 52-week low of $130.78 and a 52-week high of $216.38.

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

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

Several research firms recently issued reports on MSFT. Macquarie reaffirmed a “buy” rating and set a $200.00 price target on shares of Microsoft in a research note on Thursday, April 30th. Zacks Investment Research raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $195.00 price target on the stock in a research note on Wednesday, May 20th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday. UBS Group lifted their price target on shares of Microsoft from $207.00 to $232.00 and gave the stock a “buy” rating in a research note on Thursday, July 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research report on Thursday, July 23rd. Four research analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus 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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