Capco Asset Management LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 120,597 shares of the software giant’s stock after selling 1,493 shares during the quarter. Microsoft accounts for 9.6% of Capco Asset Management LLC’s holdings, making the stock its 6th biggest holding. Capco Asset Management LLC’s holdings in Microsoft were worth $37,181,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently modified their holdings of MSFT. Lane Generational LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at $6,394,000. Northeast Investment Management grew its position in Microsoft by 0.4% in the fourth quarter. Northeast Investment Management now owns 258,530 shares of the software giant’s stock valued at $86,949,000 after acquiring an additional 1,045 shares during the last quarter. North Star Investment Management Corp. raised its stake in Microsoft by 1.1% during the fourth quarter. North Star Investment Management Corp. now owns 101,136 shares of the software giant’s stock worth $34,014,000 after acquiring an additional 1,110 shares in the last quarter. Financial Consulate Inc. lifted its holdings in shares of Microsoft by 2.5% in the fourth quarter. Financial Consulate Inc. now owns 16,160 shares of the software giant’s stock worth $5,435,000 after acquiring an additional 394 shares during the last quarter. Finally, Principal Street Partners LLC grew its holdings in shares of Microsoft by 3.2% during the 4th quarter. Principal Street Partners LLC now owns 27,004 shares of the software giant’s stock valued at $9,082,000 after purchasing an additional 830 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT opened at $261.47 on Thursday. The firm has a market capitalization of $1.95 trillion, a P/E ratio of 27.12, a P/E/G ratio of 2.23 and a beta of 0.93. Microsoft Co. has a 52 week low of $241.51 and a 52 week high of $349.67. The stock has a 50 day moving average price of $270.44 and a two-hundred day moving average price of $277.26. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the prior year, the company posted $2.17 EPS. Equities analysts forecast that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is 25.73%.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on MSFT. Wolfe Research cut their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Stifel Nicolaus lowered their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Deutsche Bank Aktiengesellschaft cut their price target on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a research note on Wednesday, July 27th. Wedbush dropped their price objective on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Finally, Itau BBA Securities started coverage on shares of Microsoft in a report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $334.31.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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