Wedge Capital Management L L P NC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Wedge Capital Management L L P NC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 178,169 shares of the software giant’s stock after selling 26,727 shares during the quarter. Microsoft comprises approximately 0.7% of Wedge Capital Management L L P NC’s portfolio, making the stock its 12th biggest holding. Wedge Capital Management L L P NC’s holdings in Microsoft were worth $45,759,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. University of Texas Texas AM Investment Managment Co. raised its holdings in shares of Microsoft by 1,316.7% in 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 purchasing an additional 79 shares during the period. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the 1st quarter worth about $28,000. Tobam raised its holdings in shares of Microsoft by 15,400.0% in the 1st 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 purchased a new position in shares of Microsoft in the 1st quarter worth about $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. purchased a new position in shares of Microsoft in the 4th quarter worth about $80,000. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.8 %

Shares of NASDAQ MSFT opened at $240.98 on Friday. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.00, a price-to-earnings-growth 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 company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. The stock’s 50 day simple moving average is $267.65 and its 200 day simple moving average is $272.65.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.28 by ($0.05). The company had revenue of $51.87 billion during the quarter, compared to the consensus estimate of $52.31 billion. Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period last year, the business posted $2.17 EPS. Equities research analysts expect that Microsoft Co. will post 10.15 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a $0.68 dividend. This is an increase 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 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. Rosenblatt Securities cut their price objective on Microsoft from $349.00 to $330.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Deutsche Bank Aktiengesellschaft dropped their target price on Microsoft from $350.00 to $330.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Cowen dropped their target price on Microsoft from $330.00 to $320.00 and set an “outperform” rating on the stock in a report on Friday, July 22nd. BMO Capital Markets raised their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, July 27th. Finally, Redburn Partners started coverage on Microsoft in a report on Wednesday, June 29th. They set a “buy” rating and a $370.00 target price on the stock. Three analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $332.77.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft 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 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.05% of the company’s stock.

Microsoft 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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