Flputnam Investment Management Co. Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Flputnam Investment Management Co. raised its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 394,203 shares of the software giant’s stock after acquiring an additional 4,385 shares during the quarter. Microsoft makes up 3.9% of Flputnam Investment Management Co.’s portfolio, making the stock its 3rd biggest position. Flputnam Investment Management Co.’s holdings in Microsoft were worth $121,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Joseph Group Capital Management acquired a new stake in shares of Microsoft during the fourth quarter worth $1,535,000. Shore Point Advisors LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $40,000. Tobam raised its holdings in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the period. Artemis Wealth Advisors LLC acquired a new stake in shares of Microsoft during the first quarter worth $68,000. Finally, Evolution Advisers Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth $84,000. 69.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Wedbush dropped their target price on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a report on Wednesday, July 27th. Jefferies Financial Group cut their price objective on shares of Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. KeyCorp cut their price objective on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a research report on Thursday, July 7th. Wolfe Research cut their price objective on shares of Microsoft from $320.00 to $275.00 and set an “outperform” rating on the stock in a research report on Friday, July 29th. Finally, Wells Fargo & Company cut their price objective on shares of Microsoft from $400.00 to $350.00 and set an “overweight” rating on the stock in a research report on Monday, July 25th. One research analyst has rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $333.88.

Microsoft Stock Performance

Microsoft stock opened at $282.47 on Thursday. The firm’s 50 day simple moving average is $262.41 and its 200-day simple moving average is $280.40. The company has a market cap of $2.11 trillion, a P/E ratio of 29.30, a price-to-earnings-growth ratio of 2.34 and a beta of 0.93. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last released 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 in the previous year, the company earned $2.17 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 10.14 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

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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