Shaker Investments LLC OH Purchases 10,437 Shares of Microsoft Co. (NASDAQ:MSFT)

Shaker Investments LLC OH increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 386.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,140 shares of the software giant’s stock after acquiring an additional 10,437 shares during the period. Microsoft makes up about 2.1% of Shaker Investments LLC OH’s holdings, making the stock its 13th biggest position. Shaker Investments LLC OH’s holdings in Microsoft were worth $4,051,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Cedar Brook Financial Partners LLC increased its holdings in shares of Microsoft by 6.0% in the 4th quarter. Cedar Brook Financial Partners LLC now owns 16,414 shares of the software giant’s stock worth $5,520,000 after buying an additional 931 shares during the last quarter. ACT Wealth Management LLC increased its holdings in shares of Microsoft by 0.8% in the 4th 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 during the last quarter. Magnolia Capital Advisors LLC increased its holdings in shares of Microsoft by 2.2% in the 4th quarter. Magnolia Capital Advisors LLC now owns 16,178 shares of the software giant’s stock worth $5,441,000 after buying an additional 345 shares during the last quarter. Lloyd Advisory Services LLC. increased its holdings in shares of Microsoft by 6.6% in the 4th quarter. Lloyd Advisory Services LLC. now owns 1,770 shares of the software giant’s stock worth $595,000 after buying an additional 110 shares during the last quarter. Finally, Eastern Bank increased its holdings in shares of Microsoft by 13.2% in the 4th quarter. Eastern Bank now owns 345,891 shares of the software giant’s stock worth $116,330,000 after buying an additional 40,413 shares during the last quarter. Institutional investors own 69.99% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Itaú Unibanco assumed coverage on shares of Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Barclays cut their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a research note on Friday, June 10th. Piper Sandler cut 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. Jefferies Financial Group cut their price objective on shares of Microsoft from $325.00 to $320.00 in a research note on Monday, June 13th. Finally, Cowen cut their price objective on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research note on Friday, July 22nd. One research analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $334.80.

Microsoft Stock Up 1.6 %

NASDAQ:MSFT opened at $280.74 on Monday. The firm has a market cap of $2.10 trillion, a P/E ratio of 29.30, a P/E/G ratio of 2.01 and a beta of 0.93. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.95 and a current ratio of 1.99. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The firm has a 50-day simple moving average of $261.36 and a two-hundred day simple moving average of $281.11.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing analysts’ consensus estimates of $2.29 by ($0.06). Microsoft had a net margin of 37.63% and a return on equity of 44.85%. During the same quarter in the prior year, the business earned $2.17 EPS. Analysts predict that Microsoft Co. will post 9.27 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be paid a $0.62 dividend. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.88%. Microsoft’s dividend payout ratio is presently 25.89%.

About Microsoft

(Get Rating)

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.

Further Reading

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Want More Great Investing Ideas?

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.