Microsoft Co. (NASDAQ:MSFT) is Foyston Gordon & Payne Inc’s Largest Position

Foyston Gordon & Payne Inc reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,259 shares of the software giant’s stock after selling 4,496 shares during the period. Microsoft makes up about 6.7% of Foyston Gordon & Payne Inc’s holdings, making the stock its biggest holding. Foyston Gordon & Payne Inc’s holdings in Microsoft were worth $27,519,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. ACT Wealth Management LLC boosted its holdings in Microsoft by 0.8% during the fourth quarter. ACT Wealth Management LLC now owns 4,097 shares of the software giant’s stock worth $1,378,000 after buying an additional 34 shares in the last quarter. Wealth Enhancement & Preservation of GA LLC boosted its holdings in Microsoft by 0.7% during the fourth quarter. Wealth Enhancement & Preservation of GA LLC now owns 4,995 shares of the software giant’s stock worth $1,680,000 after buying an additional 34 shares in the last quarter. KB Financial Partners LLC boosted its holdings in Microsoft by 0.5% during the fourth quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock worth $2,404,000 after buying an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC boosted its holdings in Microsoft by 0.9% during the first quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock worth $1,186,000 after buying an additional 37 shares in the last quarter. Finally, Strategic Asset Management LLC boosted its holdings in Microsoft by 5.9% during the first quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock worth $203,000 after buying an additional 37 shares in the last quarter. 69.99% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of MSFT opened at $280.74 on Monday. The company has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 2.01 and a beta of 0.93. Microsoft Co. has a one year low of $241.51 and a one year high of $349.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95. The company’s fifty day moving average price is $261.36 and its 200 day moving average price is $281.11.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same quarter in the prior year, the company posted $2.17 earnings per share. As a group, analysts expect that Microsoft Co. will post 9.27 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.88%. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. William Blair restated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Morgan Stanley decreased their price objective on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research note on Tuesday, July 12th. Citigroup decreased their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a research note on Wednesday, July 27th. Piper Sandler decreased their price objective on shares of Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Finally, Wells Fargo & Company decreased their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating for the company in a research note on Monday, July 25th. One investment analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Profile

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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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