Cim LLC Buys 437 Shares of Microsoft Co. (NASDAQ:MSFT)

Cim LLC lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.1% during the second quarter, HoldingsChannel reports. The firm owned 14,359 shares of the software giant’s stock after purchasing an additional 437 shares during the period. Cim LLC’s holdings in Microsoft were worth $3,843,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. University of Texas Texas AM Investment Managment Co. grew its holdings in Microsoft by 1,316.7% during the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter worth about $28,000. Joseph Group Capital Management bought a new position in Microsoft during the 4th quarter worth about $1,535,000. Tobam grew its holdings in Microsoft by 15,400.0% during the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after acquiring an additional 154 shares in the last quarter. Finally, Artemis Wealth Advisors LLC bought a new position in Microsoft during the 1st quarter worth about $68,000. 69.29% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on 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 sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Analyst Ratings Changes

Several research firms have commented on MSFT. Credit Suisse Group set a $400.00 price target on shares of Microsoft in a research report on Tuesday, July 26th. Fundamental Research reissued a “hold” rating and set a $280.50 price target on shares of Microsoft in a research report on Wednesday, August 3rd. UBS Group set a $330.00 price target on shares of Microsoft in a research report on Thursday, September 15th. Stifel Nicolaus decreased their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Finally, Morgan Stanley decreased their price target on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a research report on Tuesday, July 12th. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $332.77.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $240.98 on Friday. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.04 and a beta of 0.94. Microsoft Co. has a 12 month low of $237.57 and a 12 month high of $349.67. The firm’s 50 day simple moving average is $267.65 and its 200-day simple moving average is $272.65. 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 (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). The firm had revenue of $51.87 billion for the quarter, compared to analyst estimates of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period in the previous year, the business earned $2.17 EPS. Analysts expect that Microsoft Co. will post 10.15 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed 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 is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is presently 25.73%.

Microsoft Profile

(Get Rating)

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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