Microsoft Co. (NASDAQ:MSFT) Position Lessened by Advanced Research Investment Solutions LLC

Advanced Research Investment Solutions LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 63.4% in the 2nd quarter, Holdings Channel.com reports. The fund owned 159 shares of the software giant’s stock after selling 276 shares during the quarter. Advanced Research Investment Solutions LLC’s holdings in Microsoft were worth $41,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. University of Texas Texas AM Investment Managment Co. grew its position 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 purchasing an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at about $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 during the last quarter. Newfound Research LLC grew its position in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the last quarter. Finally, Darrow Company Inc. acquired a new stake in shares of Microsoft in the second quarter valued at about $82,000. 69.29% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $241.22 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a market cap of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 2.32 and a beta of 0.92. The firm has a 50 day simple moving average of $237.85 and a 200 day simple moving average of $256.14. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. Sell-side analysts predict 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 issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is currently 29.31%.

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 completion of 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Itau BBA Securities began coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target on the stock. Fundamental Research reduced their target price on shares of Microsoft to $270.00 and set a “buy” rating for the company in a research note on Tuesday, November 8th. Rosenblatt Securities reduced their target price on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. Morgan Stanley reduced their target price on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Finally, Wolfe Research reduced their target price on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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