Truvestments Capital LLC grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 11,731 shares of the software giant’s stock after buying an additional 223 shares during the quarter. Microsoft accounts for about 2.0% of Truvestments Capital LLC’s portfolio, making the stock its 8th largest holding. Truvestments Capital LLC’s holdings in Microsoft were worth $3,617,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Occidental Asset Management LLC increased its holdings in shares of Microsoft by 1.7% during the 4th quarter. Occidental Asset Management LLC now owns 26,608 shares of the software giant’s stock valued at $8,949,000 after purchasing an additional 439 shares in the last quarter. Nikulski Financial Inc. raised its position in shares of Microsoft by 6.0% in the fourth quarter. Nikulski Financial Inc. now owns 13,151 shares of the software giant’s stock worth $4,423,000 after acquiring an additional 739 shares during the period. TAGStone Capital Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth about $283,000. Assenagon Asset Management S.A. grew its position in shares of Microsoft by 56.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 6,285,638 shares of the software giant’s stock valued at $2,113,986,000 after acquiring an additional 2,277,803 shares during the period. Finally, Quadrant Capital Group LLC increased its stake in shares of Microsoft by 5.0% in the 4th quarter. Quadrant Capital Group LLC now owns 59,277 shares of the software giant’s stock valued at $19,936,000 after purchasing an additional 2,828 shares in the last quarter. Hedge funds and other institutional investors own 69.99% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $291.91 on Monday. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The company has a market cap of $2.18 trillion, a P/E ratio of 30.28, a PEG ratio of 2.46 and a beta of 0.93. The firm has a fifty day moving average price of $264.33 and a 200 day moving average price of $279.55.
Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data 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 last year, the firm earned $2.17 EPS. Sell-side analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders 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 dividend yield of 0.85%. Microsoft’s dividend payout ratio is presently 25.73%.
Analyst Upgrades and Downgrades
Several analysts have commented on MSFT shares. Royal Bank of Canada set a $380.00 price objective on Microsoft in a report on Thursday, May 19th. Wells Fargo & Company cut their price target on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a report on Monday, July 25th. Redburn Partners initiated coverage on shares of Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 price objective on the stock. Wedbush cut their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a research note on Wednesday, July 27th. Finally, Credit Suisse Group set a $400.00 target price on Microsoft in a report on Tuesday, July 26th. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $334.31.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); 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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