Northwest Bancshares Inc. Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Northwest Bancshares Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,098 shares of the software giant’s stock after selling 1,004 shares during the period. Microsoft makes up 1.7% of Northwest Bancshares Inc.’s investment portfolio, making the stock its 8th largest holding. Northwest Bancshares Inc.’s holdings in Microsoft were worth $4,185,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of MSFT. Lincoln Capital LLC increased its holdings in Microsoft by 0.8% during the fourth quarter. Lincoln Capital LLC now owns 47,741 shares of the software giant’s stock worth $4,849,000 after buying an additional 359 shares during the last quarter. CapWealth Advisors LLC increased its holdings in shares of Microsoft by 7.8% in the fourth quarter. CapWealth Advisors LLC now owns 235,980 shares of the software giant’s stock valued at $23,968,000 after purchasing an additional 16,985 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Microsoft by 13.6% in the fourth quarter. Segall Bryant & Hamill LLC now owns 931,956 shares of the software giant’s stock valued at $94,659,000 after acquiring an additional 111,350 shares during the period. IHT Wealth Management LLC boosted its position in shares of Microsoft by 18.4% in the fourth quarter. IHT Wealth Management LLC now owns 44,396 shares of the software giant’s stock valued at $4,509,000 after acquiring an additional 6,902 shares during the period. Finally, Ancora Advisors LLC boosted its position in shares of Microsoft by 0.6% in the fourth quarter. Ancora Advisors LLC now owns 239,302 shares of the software giant’s stock valued at $24,306,000 after acquiring an additional 1,496 shares during the period. Hedge funds and other institutional investors own 72.16% of the company’s stock.

In other Microsoft news, CFO Amy Hood sold 123,769 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $137.26, for a total transaction of $16,988,532.94. Following the completion of the sale, the chief financial officer now owns 433,940 shares of the company’s stock, valued at approximately $59,562,604.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Frank H. Brod sold 4,000 shares of the stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $141.05, for a total value of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at $9,048,639.60. The disclosure for this sale can be found here. Insiders sold 318,757 shares of company stock valued at $43,735,918 in the last ninety days. 1.38% of the stock is currently owned by insiders.

Microsoft stock opened at $139.68 on Friday. The business has a 50 day moving average of $137.45 and a 200-day moving average of $132.03. Microsoft Co. has a 1 year low of $93.96 and a 1 year high of $142.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.53 and a quick ratio of 2.50. The company has a market capitalization of $1,066.51 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.22 and a beta of 1.22.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The company had revenue of $33.72 billion during the quarter, compared to the consensus estimate of $32.80 billion. During the same quarter in the prior year, the firm posted $1.13 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 5.24 EPS for the current year.

Microsoft declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 18th that permits the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 3.8% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.51 dividend. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 annualized dividend and a dividend yield of 1.46%. This is an increase from Microsoft’s previous quarterly dividend of $0.46. Microsoft’s dividend payout ratio is currently 38.74%.

A number of equities research analysts have recently issued reports on the stock. Credit Suisse Group set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, September 4th. Jefferies Financial Group raised shares of Microsoft from a “hold” rating to a “buy” rating and set a $160.00 target price for the company in a research report on Monday, October 7th. Deutsche Bank set a $155.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. KeyCorp reissued a “buy” rating and issued a $155.00 target price on shares of Microsoft in a research report on Thursday, August 29th. Finally, Oppenheimer boosted their target price on shares of Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. Microsoft currently has a consensus rating of “Buy” and an average target price of $151.52.

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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