Aubrey Capital Management Ltd purchased a new position in Microsoft Co. (NASDAQ:MSFT – Get Rating) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,809 shares of the software giant’s stock, valued at approximately $881,000.
Several other institutional investors have also modified their holdings of MSFT. MCF Advisors LLC acquired a new position in shares of Microsoft during the first quarter worth $6,405,000. Foresight Capital Management Advisors Inc. grew its stake in shares of Microsoft by 3.3% during the first quarter. Foresight Capital Management Advisors Inc. now owns 8,057 shares of the software giant’s stock worth $2,484,000 after purchasing an additional 255 shares in the last quarter. New York State Common Retirement Fund grew its stake in shares of Microsoft by 0.3% during the first quarter. New York State Common Retirement Fund now owns 15,697,042 shares of the software giant’s stock worth $4,839,555,000 after purchasing an additional 40,408 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC grew its stake in shares of Microsoft by 2.8% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 134,727 shares of the software giant’s stock worth $37,963,000 after purchasing an additional 3,673 shares in the last quarter. Finally, Schrum Private Wealth Management LLC grew its stake in shares of Microsoft by 1.1% during the first quarter. Schrum Private Wealth Management LLC now owns 21,174 shares of the software giant’s stock worth $6,043,000 after purchasing an additional 228 shares in the last quarter. Institutional investors and hedge funds own 69.99% of the company’s stock.
Microsoft Trading Down 0.2 %
NASDAQ MSFT opened at $275.79 on Thursday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The firm has a 50-day moving average price of $268.65 and a 200 day moving average price of $278.56. Microsoft Co. has a 52-week low of $241.51 and a 52-week high of $349.67. The stock has a market capitalization of $2.06 trillion, a P/E ratio of 28.61, a P/E/G ratio of 2.34 and a beta of 0.93.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share 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 quarter last year, the business earned $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 10.14 EPS for the current year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.90%. Microsoft’s payout ratio is currently 25.73%.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Wolfe Research lowered their target price on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating for the company in a research note on Friday, July 29th. The Goldman Sachs Group set a $365.00 price objective on shares of Microsoft in a research note on Wednesday, April 27th. Guggenheim began coverage on shares of Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Finally, KeyCorp decreased their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a research note on Thursday, July 7th. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $334.31.
Microsoft Company Profile
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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