Carroll Financial Associates Inc. Sells 7,678 Shares of Microsoft Co. (NASDAQ:MSFT)

Carroll Financial Associates Inc. decreased its position in Microsoft Co. (NASDAQ:MSFT) by 4.0% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 184,004 shares of the software giant’s stock after selling 7,678 shares during the period. Microsoft comprises about 2.2% of Carroll Financial Associates Inc.’s investment portfolio, making the stock its 6th biggest holding. Carroll Financial Associates Inc.’s holdings in Microsoft were worth $25,582,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Lincoln Capital LLC increased its holdings in shares of Microsoft by 0.8% in the fourth quarter. Lincoln Capital LLC now owns 47,741 shares of the software giant’s stock valued at $4,849,000 after purchasing an additional 359 shares during the period. 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 period. Segall Bryant & Hamill LLC increased its holdings 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 purchasing an additional 111,350 shares during the period. IHT Wealth Management LLC increased its holdings 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 purchasing an additional 6,902 shares during the period. Finally, Ancora Advisors LLC increased its holdings 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 purchasing an additional 1,496 shares during the period. 72.16% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages have recently weighed in on MSFT. Wells Fargo & Co set a $160.00 price objective on Microsoft and gave the company a “buy” rating in a report on Friday, July 19th. ValuEngine downgraded Microsoft from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. UBS Group set a $162.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Friday, July 19th. Deutsche Bank set a $155.00 target price on Microsoft and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Finally, CIBC upped their target price on Microsoft from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $151.52.

Shares of MSFT stock opened at $139.68 on Friday. The company has a market capitalization of $1,066.51 billion, a P/E ratio of 29.41, a P/E/G ratio of 2.35 and a beta of 1.22. The business’s 50 day moving average is $137.45 and its two-hundred day moving average is $132.03. The company has a current ratio of 2.53, a quick ratio of 2.50 and a debt-to-equity ratio of 0.71. Microsoft Co. has a 12-month low of $93.96 and a 12-month high of $142.37.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.21 by $0.16. The company had revenue of $33.72 billion for the quarter, compared to the consensus estimate of $32.80 billion. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. Microsoft’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.13 earnings per share. On average, research analysts predict that Microsoft Co. will post 5.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.51 per share. The ex-dividend date is Wednesday, November 20th. This represents a $2.04 dividend on an annualized basis and a 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%.

Microsoft declared that its Board of Directors has initiated a share repurchase program on Wednesday, September 18th that allows the company to buyback $40.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 3.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

In other Microsoft news, 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 transaction of $564,200.00. Following the transaction, the insider now owns 64,152 shares in the company, valued at $9,048,639.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $135.58, for a total value of $1,220,220.00. Following the transaction, the chief marketing officer now owns 119,579 shares in the company, valued at approximately $16,212,520.82. The disclosure for this sale can be found here. Insiders have sold 318,757 shares of company stock worth $43,735,918 in the last quarter. 1.38% of the stock is currently owned by company insiders.

Microsoft Company 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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