Microsoft Co. (MSFT) is Osterweis Capital Management Inc.’s 6th Largest Position

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Osterweis Capital Management Inc. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 40.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 427,300 shares of the software giant’s stock after acquiring an additional 122,615 shares during the period. Microsoft accounts for 2.8% of Osterweis Capital Management Inc.’s holdings, making the stock its 6th largest position. Osterweis Capital Management Inc.’s holdings in Microsoft were worth $39,000,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Ballew Advisors Inc acquired a new position in Microsoft during the first quarter worth $164,000. Chartist Inc. CA acquired a new position in Microsoft during the first quarter worth $207,000. Francis Financial Inc. acquired a new position in Microsoft during the first quarter worth $211,000. Financial Gravity Wealth Inc. acquired a new position in Microsoft during the first quarter worth $221,000. Finally, AlphaStar Capital Management LLC acquired a new position in Microsoft during the fourth quarter worth $204,000. 71.84% of the stock is currently owned by hedge funds and other institutional investors.

MSFT stock opened at $108.21 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.86 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $835.35 billion, a P/E ratio of 27.89, a PEG ratio of 2.07 and a beta of 1.26. Microsoft Co. has a 12-month low of $72.92 and a 12-month high of $112.78.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, July 19th. The software giant reported $1.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.08 by $0.05. The firm had revenue of $30.09 billion for the quarter, compared to the consensus estimate of $29.23 billion. Microsoft had a return on equity of 36.69% and a net margin of 15.02%. The company’s quarterly revenue was up 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.75 EPS. research analysts expect that Microsoft Co. will post 4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 13th. Investors of record on Thursday, August 16th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, August 15th. This represents a $1.68 annualized dividend and a dividend yield of 1.55%. Microsoft’s dividend payout ratio is presently 43.30%.

A number of equities analysts have weighed in on the company. Barclays set a $120.00 price objective on Microsoft and gave the stock a “buy” rating in a research note on Friday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $124.00 price target on shares of Microsoft in a research note on Monday, September 3rd. BidaskClub raised Microsoft from a “buy” rating to a “strong-buy” rating in a research note on Friday, August 31st. Morgan Stanley reaffirmed a “buy” rating and issued a $130.00 price target on shares of Microsoft in a research note on Tuesday, August 28th. Finally, Credit Suisse Group set a $125.00 price target on Microsoft and gave the company a “buy” rating in a research note on Monday, August 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, thirty have issued a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $119.49.

In related news, CEO Satya Nadella sold 328,000 shares of the business’s stock in a transaction on Friday, August 10th. The stock was sold at an average price of $109.44, for a total value of $35,896,320.00. Following the sale, the chief executive officer now owns 778,596 shares in the company, valued at approximately $85,209,546.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 118,000 shares of the business’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $110.90, for a total value of $13,086,200.00. Following the completion of the sale, the chief financial officer now owns 669,327 shares in the company, valued at approximately $74,228,364.30. The disclosure for this sale can be found here. Insiders sold a total of 590,880 shares of company stock worth $64,833,269 in the last quarter. Company insiders own 1.49% of the company’s stock.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates through Productivity and Business Processes, Intelligent Cloud, and More Personal Computing segments. The 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.

Further Reading: Moving Average (MA)

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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