Rye Brook Capital LLC Decreases Holdings in Microsoft Co. (NASDAQ:MSFT)

Rye Brook Capital LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 21.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 655 shares of the software giant’s stock after selling 180 shares during the quarter. Rye Brook Capital LLC’s holdings in Microsoft were worth $202,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Joseph Group Capital Management purchased a new position in shares of Microsoft in the fourth quarter worth about $1,535,000. Shore Point Advisors LLC purchased a new position in Microsoft in the 4th quarter worth approximately $40,000. Tobam lifted its position in Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the last quarter. Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft during the first quarter valued at approximately $68,000. Finally, Evolution Advisers Inc. bought a new position in shares of Microsoft in the fourth quarter worth approximately $84,000. Hedge funds and other institutional investors own 69.99% of the company’s stock.

Microsoft Trading Down 1.1 %

NASDAQ MSFT opened at $274.82 on Wednesday. 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 stock’s fifty day moving average price is $262.01 and its 200-day moving average price is $280.55. The stock has a market cap of $2.05 trillion, a P/E ratio of 28.51, a P/E/G ratio of 2.36 and a beta of 0.93.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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 net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the company earned $2.17 EPS. As a group, equities analysts forecast that Microsoft Co. will post 10.14 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a yield of 0.90%. Microsoft’s payout ratio is currently 25.73%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Royal Bank of Canada set a $380.00 price target on shares of Microsoft in a report on Thursday, May 19th. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a report on Tuesday, July 26th. Piper Sandler reduced their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating on the stock in a report on Friday, July 8th. Jefferies Financial Group dropped their price objective on Microsoft from $325.00 to $320.00 in a report on Monday, June 13th. Finally, BMO Capital Markets boosted their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, July 27th. One analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $334.47.

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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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