Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Kinneret Advisory LLC

Kinneret Advisory LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% in the second quarter, Holdings Channel.com reports. The institutional investor owned 302,760 shares of the software giant’s stock after acquiring an additional 6,411 shares during the period. Microsoft comprises about 10.1% of Kinneret Advisory LLC’s holdings, making the stock its biggest position. Kinneret Advisory LLC’s holdings in Microsoft were worth $77,758,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Retirement Group LLC raised its stake in Microsoft by 3.5% during the second quarter. Retirement Group LLC now owns 4,766 shares of the software giant’s stock worth $1,221,000 after acquiring an additional 159 shares in the last quarter. Clifford Swan Investment Counsel LLC increased its position in Microsoft by 0.3% during the 2nd quarter. Clifford Swan Investment Counsel LLC now owns 341,681 shares of the software giant’s stock worth $87,754,000 after purchasing an additional 1,097 shares in the last quarter. Ironwood Investment Counsel LLC lifted its stake in Microsoft by 0.6% in the 2nd quarter. Ironwood Investment Counsel LLC now owns 94,858 shares of the software giant’s stock valued at $24,362,000 after purchasing an additional 574 shares during the last quarter. BRR OpCo LLC boosted its position in Microsoft by 0.6% in the second quarter. BRR OpCo LLC now owns 42,694 shares of the software giant’s stock valued at $10,965,000 after buying an additional 238 shares in the last quarter. Finally, Redwood Financial Network Corp increased its holdings in shares of Microsoft by 7.9% during the second quarter. Redwood Financial Network Corp now owns 4,554 shares of the software giant’s stock worth $1,170,000 after buying an additional 333 shares in the last quarter. 69.29% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on MSFT. JPMorgan Chase & Co. cut their price objective on Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Jefferies Financial Group cut their price target on Microsoft from $275.00 to $270.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Evercore ISI lowered their price objective on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. StockNews.com assumed coverage on shares of Microsoft in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, Macquarie assumed coverage on shares of Microsoft in a research report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price target for the company. Three research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated 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 directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.0 %

Shares of NASDAQ MSFT opened at $247.58 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $344.30. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The firm has a market cap of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. The company’s fifty day simple moving average is $237.12 and its 200 day simple moving average is $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping 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 company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The business’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed 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 is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio is presently 29.31%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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