Syquant Capital Sas lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 3,300 shares of the software giant’s stock after selling 400 shares during the period. Microsoft comprises about 0.5% of Syquant Capital Sas’ investment portfolio, making the stock its 14th biggest position. Syquant Capital Sas’ holdings in Microsoft were worth $1,017,000 as of its most recent SEC filing.
Other hedge funds have also added to or reduced their stakes in the company. Steward Financial Group LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $330,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of Microsoft by 0.5% during the fourth quarter. Oppenheimer Asset Management Inc. now owns 717,041 shares of the software giant’s stock worth $241,156,000 after purchasing an additional 3,421 shares during the period. Zimmermann Investment Management & Planning LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $2,550,000. Horizon Investments LLC boosted its holdings in shares of Microsoft by 6.0% during the fourth quarter. Horizon Investments LLC now owns 126,707 shares of the software giant’s stock worth $42,614,000 after purchasing an additional 7,195 shares during the period. Finally, Principal Street Partners LLC boosted its holdings in shares of Microsoft by 3.2% during the fourth quarter. Principal Street Partners LLC now owns 27,004 shares of the software giant’s stock worth $9,082,000 after purchasing an additional 830 shares during the period. 69.99% of the stock is currently owned by institutional investors.
A number of analysts have recently weighed in on the stock. BMO Capital Markets dropped their target price on shares of Microsoft from $345.00 to $340.00 and set an “outperform” rating for the company in a report on Tuesday, April 26th. Evercore ISI cut their price objective on Microsoft from $370.00 to $330.00 and set an “inline” rating on the stock in a research report on Wednesday, April 27th. Jefferies Financial Group decreased their target price on Microsoft from $325.00 to $320.00 in a research report on Monday, June 13th. Stifel Nicolaus dropped their price target on Microsoft from $350.00 to $320.00 in a research report on Thursday, June 2nd. Finally, JPMorgan Chase & Co. set a $320.00 price objective on Microsoft in a report on Thursday, June 9th. One investment analyst has rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $353.36.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The software giant reported $2.22 earnings per share for the quarter, topping the consensus estimate of $2.18 by $0.04. Microsoft had a return on equity of 44.85% and a net margin of 37.63%. The firm had revenue of $49.36 billion during the quarter, compared to analysts’ expectations of $49.05 billion. During the same quarter in the previous year, the business earned $1.95 earnings per share. The company’s revenue was up 18.4% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 9.28 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Investors of record on Thursday, August 18th will be given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date is Wednesday, August 17th. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.
About Microsoft (Get Rating)
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); 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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