Microsoft Co. (NASDAQ:MSFT) Shares Bought by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. increased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 19.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 121,911 shares of the software giant’s stock after acquiring an additional 20,139 shares during the period. Microsoft comprises 1.8% of Vestmark Advisory Solutions Inc.’s holdings, making the stock its 4th largest position. Vestmark Advisory Solutions Inc.’s holdings in Microsoft were worth $31,311,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. increased its stake 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 period. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth approximately $28,000. Newfound Research LLC increased its position in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the period. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth $82,000. Finally, Evolution Advisers Inc. grew its stake in shares of Microsoft by 36.4% in the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after purchasing an additional 91 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $247.58 on Friday. 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 capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The company has a 50 day simple moving average of $237.12 and a 200-day simple moving average of $255.62. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results 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 during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the prior year, the firm earned $2.27 EPS. The company’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.10%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s payout ratio is 29.31%.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value 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 sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on MSFT shares. Credit Suisse Group reduced their price objective on shares of Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Raymond James lowered their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Evercore ISI cut their target price on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Mizuho lowered their price target on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Wedbush cut their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

About Microsoft

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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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