Microsoft Co. (NASDAQ: MSFT) is NorthCrest Asset Management LLC’s largest position



NorthCrest Asset Management LLC increased its stake in Microsoft Co. (NASDAQ: MSFT – Get Rating) by 39.0% in Q1, according to the company in its latest 13F filing with the Securities and Exchange Commission. The company held 245,915 shares of the software giant after purchasing an additional 68,945 shares during the period. Microsoft accounts for about 3.6% of NorthCrest Asset Management LLC’s investment portfolio, making the stock its largest holding. NorthCrest Asset Management LLC’s holdings in Microsoft were worth $75,818,000 when it last filed with the Securities and Exchange Commission.

Other big investors have also been buying and selling shares of the company recently. Steward Financial Group LLC bought a new stake in Microsoft stock in Q4 worth about $330,000. Oppenheimer Asset Management Inc. raised its position in Microsoft shares by 0.5% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant worth $241,156,000 after buying 3,421 additional shares during the period. Evanson Asset Management LLC increased its position in Microsoft shares by 0.6% in the 1st quarter. Evanson Asset Management LLC now owns 27,981 shares of the software giant worth $8,627,000 after purchasing an additional 166 shares during the period. Zimmermann Investment Management & Planning LLC bought a new position in Microsoft during Q4, valued at approximately $2,550,000. Finally, Horizon Investments LLC increased its position in Microsoft by 6.0% during the 4th quarter. Horizon Investments LLC now owns 126,707 shares of the software giant valued at $42,614,000 after acquiring an additional 7,195 shares during the period. 69.99% of the shares are held by hedge funds and other institutional investors.

A number of brokerages have recently released reports on MSFT. Fundamental Research lowered its price target on Microsoft stock from $299.93 to $298.00 and set a “holding” rating for the company in a Tuesday, May 3 research report. Stifel Nicolaus lowered his price target on Microsoft shares from $350.00 to $320.00 in a Thursday, June 2 research report. Redburn Partners began covering Microsoft shares in a research report on Wednesday, June 29. They set a “buy” rating and a price target of $370.00 for the company. Citigroup raised its price target on Microsoft shares from $355.00 to $364.00 in a Wednesday, April 27 research report. Finally, Barclays cut its price target on Microsoft shares from $363.00 to $335.00 and set an “overweight” rating for the company in a Friday, June 10 research note. One equity research analyst gave the stock a hold rating and thirty gave the company a buy rating. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $353.93.

NASDAQ:MSFT shares opened at $266.21 on Thursday. Microsoft Co. has a 12-month low of $241.51 and a 12-month high of $349.67. The company’s 50-day moving average is $263.74 and its 200-day moving average is $288.98. The company has a current ratio of 1.99, a quick ratio of 1.95 and a debt ratio of 0.30. The company has a market capitalization of $1.99 trillion, a PE ratio of 27.79, a price-to-earnings growth ratio of 2.12 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last released quarterly earnings data on Tuesday, April 26. The software giant reported EPS of $2.22 for the quarter, beating analyst consensus estimates of $2.18 by $0.04. The company posted revenue of $49.36 billion for the quarter, versus $49.05 billion expected by analysts. Microsoft had a net margin of 37.63% and a return on equity of 44.85%. The company’s revenue increased 18.4% year over year. In the same quarter last year, the company achieved EPS of $1.95. Equity research analysts expect Microsoft Co. to post earnings per share of 9.28 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62 per share. The ex-date of this dividend is Wednesday, August 17. This represents a dividend of $2.48 on an annualized basis and a dividend yield of 0.93%. Microsoft’s payout rate is 25.89%.

About Microsoft (Get an assessment)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance and Skype for Business, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

See also

Want to see which other hedge funds hold MSFT? Visit HoldingsChannel.com for the latest 13F filings and insider trading for Microsoft Co. (NASDAQ:MSFT – Get Rating).

Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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