Symmetry Partners LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 87,682 shares of the software giant’s stock after selling 469 shares during the period. Microsoft accounts for about 1.5% of Symmetry Partners LLC’s investment portfolio, making the stock its 20th largest position. Symmetry Partners LLC’s holdings in Microsoft were worth $22,519,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. raised its position in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. bought a new stake in Microsoft in the first quarter worth $28,000. Shore Point Advisors LLC bought a new stake in Microsoft in the fourth quarter worth $40,000. Tobam increased its position in Microsoft by 15,400.0% in 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 last quarter. Finally, Artemis Wealth Advisors LLC bought a new stake in Microsoft in the first quarter worth $68,000. Institutional investors own 69.29% of the company’s stock.
Analyst Upgrades and Downgrades
MSFT has been the topic of several research reports. Jefferies Financial Group set a $320.00 price target on shares of Microsoft in a research report on Tuesday, September 6th. Barclays reduced their price target on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. Wedbush reduced their price target on shares of Microsoft from $340.00 to $320.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 27th. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research report on Tuesday, July 26th. Finally, Cowen reduced their price target on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a research report on Friday, July 22nd. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $334.31.
Microsoft Stock Down 1.4 %
Microsoft (NASDAQ:MSFT – Get 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 $2.28 by ($0.05). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The business had revenue of $51.87 billion during the quarter, compared to analysts’ expectations of $52.31 billion. During the same period last year, the company earned $2.17 earnings per share. As a group, research analysts anticipate that Microsoft Co. will post 10.15 EPS for the current fiscal year.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. Microsoft’s dividend payout ratio is 25.73%.
Insider Buying and Selling
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 value of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by insiders.
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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