Retirement Group LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Retirement Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 4,766 shares of the software giant’s stock after acquiring an additional 159 shares during the quarter. Retirement Group LLC’s holdings in Microsoft were worth $1,221,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. increased its stake 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 valued at $26,000 after purchasing an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth approximately $28,000. Newfound Research LLC boosted its holdings in shares of 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 purchasing an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new stake in shares of Microsoft during the 2nd quarter valued at $82,000. Finally, Evolution Advisers Inc. boosted its holdings in Microsoft by 36.4% in the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after acquiring an additional 91 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Stock Performance

Microsoft stock 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 company has a market cap of $1.85 trillion, a P/E ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $344.30. The firm’s 50 day simple moving average is $237.12 and its 200-day simple moving average is $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 EPS. As a group, equities research analysts predict that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company 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 $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 dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Raymond James dropped their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Guggenheim began coverage on shares of Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 target price on the stock. Cowen lowered their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Credit Suisse Group reduced their price objective on Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Barclays set a $296.00 target price on Microsoft in a report on Tuesday, November 1st. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $300.64.

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’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 transaction of $1,331,250.00. Following the completion of the transaction, 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 filing with the SEC, which can be accessed through this link. Company insiders own 0.03% of the company’s stock.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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