Objective Capital Management LLC Acquires 54 Shares of Microsoft Co. (NASDAQ:MSFT)

Objective Capital Management LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.8% during the second quarter, HoldingsChannel.com reports. The fund owned 7,137 shares of the software giant’s stock after buying an additional 54 shares during the quarter. Microsoft makes up approximately 1.8% of Objective Capital Management LLC’s investment portfolio, making the stock its 16th largest position. Objective Capital Management LLC’s holdings in Microsoft were worth $1,833,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. University of Texas Texas AM Investment Managment Co. raised its stake in shares of Microsoft by 1,316.7% in 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 period. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the first quarter valued at $28,000. Tobam grew its position in shares of 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 in the last quarter. Artemis Wealth Advisors LLC purchased a new position in shares of Microsoft in the first quarter valued at $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new position in shares of Microsoft in the fourth quarter valued at $80,000. 69.29% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MSFT shares. Guggenheim started coverage on Microsoft in a research report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target for the company. Cowen reduced their price target on Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a research report on Friday, July 22nd. UBS Group set a $330.00 price target on Microsoft in a research report on Thursday, September 15th. Rosenblatt Securities reduced their price target on Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday, July 26th. Finally, BMO Capital Markets boosted their target price on Microsoft from $305.00 to $320.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $332.77.

Microsoft Stock Performance

Microsoft stock opened at $240.98 on Friday. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28. The company has a market capitalization of $1.80 trillion, a P/E ratio of 25.00, a PEG ratio of 2.04 and a beta of 0.94. The stock’s 50 day moving average is $267.65 and its 200 day moving average is $272.65. Microsoft Co. has a twelve month low of $237.57 and a twelve month high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.05). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. The business had revenue of $51.87 billion for the quarter, compared to analysts’ expectations of $52.31 billion. During the same quarter in the prior year, the business posted $2.17 earnings per share. On average, equities research analysts predict that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.05% of the company’s stock.

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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