Koss Olinger Consulting LLC Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Koss Olinger Consulting LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,797 shares of the software giant’s stock after selling 145 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Microsoft were worth $975,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Microsoft in the fourth quarter worth $24,401,940,000. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. State Street Corp grew its holdings in Microsoft by 2.8% in the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the last quarter. Vanguard Group Inc. grew its holdings in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares during the last quarter. Finally, Castleview Partners LLC purchased a new position in Microsoft in the fourth quarter worth $11,872,000. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Morgan Stanley lowered 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. Fundamental Research reiterated a “hold” rating and set a $280.50 price objective on shares of Microsoft in a research note on Wednesday, August 3rd. Cowen lowered 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. Piper Sandler lowered 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, Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a research note on Tuesday, September 6th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Stock Down 0.8 %

MSFT opened at $242.45 on Wednesday. Microsoft Co. has a fifty-two week low of $239.64 and a fifty-two week high of $349.67. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The company has a fifty day moving average of $268.41 and a two-hundred day moving average of $273.37. The stock has a market capitalization of $1.81 trillion, a price-to-earnings ratio of 25.15, a PEG ratio of 2.06 and a beta of 0.94.

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 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the firm posted $2.17 earnings per share. On average, research analysts expect that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 25.73%.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; 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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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