Grandfield & Dodd LLC Has $36.32 Million Position in Microsoft Co. (MSFT)

Grandfield & Dodd LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 487,590 shares of the software giant’s stock after selling 24,980 shares during the quarter. Microsoft makes up approximately 4.1% of Grandfield & Dodd LLC’s investment portfolio, making the stock its biggest position. Grandfield & Dodd LLC’s holdings in Microsoft were worth $36,321,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently made changes to their positions in the stock. Wrapmanager Inc. bought a new stake in Microsoft during the third quarter valued at about $678,000. Capco Asset Management LLC grew its position in shares of Microsoft by 0.5% during the third quarter. Capco Asset Management LLC now owns 240,427 shares of the software giant’s stock valued at $17,909,000 after purchasing an additional 1,105 shares in the last quarter. Courier Capital LLC grew its position in shares of Microsoft by 75.1% during the third quarter. Courier Capital LLC now owns 108,756 shares of the software giant’s stock valued at $8,101,000 after purchasing an additional 46,632 shares in the last quarter. FDx Advisors Inc. grew its position in shares of Microsoft by 12.1% during the third quarter. FDx Advisors Inc. now owns 256,093 shares of the software giant’s stock valued at $19,076,000 after purchasing an additional 27,657 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. grew its position in shares of Microsoft by 59.4% during the third quarter. Candriam Luxembourg S.C.A. now owns 1,628,790 shares of the software giant’s stock valued at $121,329,000 after purchasing an additional 607,240 shares in the last quarter. 73.22% of the stock is currently owned by institutional investors.

Microsoft Co. (NASDAQ MSFT) opened at $85.01 on Friday. The company has a market capitalization of $689,978.44, a PE ratio of 25.53, a P/E/G ratio of 2.08 and a beta of 1.06. Microsoft Co. has a 12-month low of $63.32 and a 12-month high of $96.07. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The firm’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.83 earnings per share. analysts expect that Microsoft Co. will post 3.62 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 8th. Shareholders of record on Thursday, February 15th will be paid a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.98%. The ex-dividend date is Wednesday, February 14th. Microsoft’s payout ratio is currently 115.07%.

In other Microsoft news, EVP Christopher C. Capossela sold 4,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were sold at an average price of $83.44, for a total value of $333,760.00. Following the completion of the sale, the executive vice president now owns 184,278 shares of the company’s stock, valued at $15,376,156.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Frank H. Brod sold 18,000 shares of Microsoft stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The disclosure for this sale can be found here. In the last three months, insiders sold 26,000 shares of company stock valued at $2,164,380. 1.49% of the stock is owned by insiders.

A number of research analysts have recently weighed in on the company. Vetr lowered Microsoft from a “buy” rating to a “hold” rating and set a $94.20 price objective for the company. in a research report on Tuesday. Argus raised their price objective on Microsoft from $95.00 to $107.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research upgraded Microsoft from a “hold” rating to a “buy” rating and set a $106.00 price objective for the company in a research report on Monday. Nomura raised their price objective on Microsoft from $102.00 to $105.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Finally, ValuEngine upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $99.09.

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About Microsoft

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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