Cavalier Investments LLC Sells 630 Shares of Microsoft Co. (NASDAQ:MSFT)

Cavalier Investments LLC reduced its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.8% in the second quarter, Holdings Channel.com reports. The institutional investor owned 6,510 shares of the software giant’s stock after selling 630 shares during the period. Cavalier Investments LLC’s holdings in Microsoft were worth $1,672,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. DGS Capital Management LLC grew its holdings in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its holdings in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the period. Essex LLC grew its holdings in Microsoft by 194.4% in the first quarter. Essex LLC now owns 14,230 shares of the software giant’s stock worth $4,387,000 after purchasing an additional 9,396 shares during the period. Blossom Wealth Management grew its holdings in Microsoft by 7.3% in the first quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock worth $816,000 after purchasing an additional 181 shares during the period. Finally, S.E.E.D. Planning Group LLC grew its holdings in Microsoft by 19.0% in the first quarter. S.E.E.D. Planning Group LLC now owns 23,667 shares of the software giant’s stock worth $7,297,000 after purchasing an additional 3,785 shares during the period. 69.29% of the stock is owned by institutional investors.

Insider Activity at Microsoft

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 completion of the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MSFT shares. Wolfe Research cut their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Credit Suisse Group cut their price target on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Stifel Nicolaus cut their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Finally, StockNews.com started coverage on shares of Microsoft in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Stock Up 1.0 %

Shares of MSFT stock opened at $247.58 on Thursday. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.33 and a beta of 0.92. The company’s fifty day moving average price is $237.22 and its 200-day moving average price is $255.68. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30. 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 posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the company posted $2.27 earnings per share. Sell-side analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 1.10%. This is a boost 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%.

Microsoft Company 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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