Microsoft Co. (NASDAQ:MSFT) Stake Lowered by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 13.6% during the 2nd quarter, HoldingsChannel reports. The fund owned 122,823 shares of the software giant’s stock after selling 19,376 shares during the period. Anchor Capital Advisors LLC’s holdings in Microsoft were worth $31,545,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its holdings in 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 worth $26,000 after purchasing an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new stake in Microsoft in the first quarter worth $28,000. Newfound Research LLC boosted its holdings in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares in the last quarter. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth $82,000. Finally, Evolution Advisers Inc. lifted its position in Microsoft by 36.4% during the 1st quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after acquiring an additional 91 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s 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 directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 1.2 %

MSFT opened at $245.03 on Wednesday. The firm’s fifty day moving average is $237.22 and its two-hundred day moving average is $255.68. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The firm has a market cap of $1.83 trillion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results 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%. The business’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period last year, the business posted $2.27 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 dividend yield of 1.11%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analysts Set New Price Targets

A number of research firms have weighed in on MSFT. Cowen cut their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Raymond James cut their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Credit Suisse Group cut their target price 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. Finally, Guggenheim started coverage on shares of Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 price objective for the company. Three 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 has an average rating of “Moderate Buy” and a consensus target price of $300.64.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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