Once Capital Management LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Once Capital Management LLC grew its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.2% during the second quarter, Holdings Channel reports. The institutional investor owned 27,400 shares of the software giant’s stock after acquiring an additional 1,600 shares during the quarter. Microsoft comprises 9.0% of Once Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Once Capital Management LLC’s holdings in Microsoft were worth $7,037,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MSFT. Cooper Financial Group boosted its holdings in shares of Microsoft by 1.9% in the 1st quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock valued at $11,141,000 after buying an additional 674 shares in the last quarter. DGS Capital Management LLC raised its position in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd raised its position in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Kwmg LLC raised its position in shares of Microsoft by 2.4% in the 1st quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock valued at $5,824,000 after purchasing an additional 437 shares during the last quarter. Finally, Essex LLC raised its position in shares of Microsoft by 194.4% in the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock valued at $4,387,000 after purchasing an additional 9,396 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Microsoft 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 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 filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Microsoft stock opened at $241.22 on Friday. The company’s fifty day moving average price is $237.85 and its 200 day moving average price is $256.37. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $349.67. The stock has a market capitalization of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 2.33 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 9.62 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%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MSFT. Wedbush decreased their price objective on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Wells Fargo & Company decreased their price objective on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research report on Wednesday, October 26th. Itau BBA Securities started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price objective for the company. Moffett Nathanson started coverage on shares of Microsoft in a research report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price target for the company. Finally, Credit Suisse Group reduced their price target on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $300.64.

About Microsoft

(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.

Recommended Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.