Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Miramar Capital LLC

Miramar Capital LLC lifted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 37.8% in the second quarter, HoldingsChannel.com reports. The firm owned 50,649 shares of the software giant’s stock after purchasing an additional 13,893 shares during the quarter. Microsoft comprises 3.7% of Miramar Capital LLC’s investment portfolio, making the stock its 6th largest position. Miramar Capital LLC’s holdings in Microsoft were worth $13,008,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Cooper Financial Group grew its holdings in Microsoft by 1.9% during the 1st quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock worth $11,141,000 after acquiring an additional 674 shares during the period. DGS Capital Management LLC grew its holdings in Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its holdings in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the period. Kwmg LLC grew its holdings in Microsoft by 2.4% during the 1st quarter. Kwmg LLC now owns 18,890 shares of the software giant’s stock worth $5,824,000 after acquiring an additional 437 shares during the period. Finally, Essex LLC grew its holdings in Microsoft by 194.4% during the 1st quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after acquiring an additional 9,396 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have commented on MSFT shares. Piper Sandler lowered their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Evercore ISI reduced their price target on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Cowen reduced their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Stock Down 0.2 %

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

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for 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 period in the previous year, the business earned $2.27 EPS. Sell-side analysts anticipate that Microsoft Co. will post 9.62 earnings per share 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. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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