Austin Asset Management Co Inc Sells 250 Shares of Microsoft Co. (NASDAQ:MSFT)

Austin Asset Management Co Inc decreased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,887 shares of the software giant’s stock after selling 250 shares during the period. Microsoft accounts for approximately 0.3% of Austin Asset Management Co Inc’s holdings, making the stock its 21st largest position. Austin Asset Management Co Inc’s holdings in Microsoft were worth $890,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Norges Bank bought a new position in Microsoft during the fourth quarter worth about $24,401,940,000. Allspring Global Investments Holdings LLC bought a new position in Microsoft during the fourth quarter worth about $2,952,329,000. State Street Corp grew its holdings in Microsoft by 2.8% during the fourth quarter. State Street Corp now owns 302,541,869 shares of the software giant’s stock worth $101,750,881,000 after purchasing an additional 8,108,943 shares during the period. Castleview Partners LLC bought a new position in Microsoft during the fourth quarter worth about $11,872,000. Finally, TD Asset Management Inc. grew its holdings in Microsoft by 28.5% during the fourth quarter. TD Asset Management Inc. now owns 14,476,729 shares of the software giant’s stock worth $4,868,814,000 after purchasing an additional 3,207,415 shares during the period. Institutional investors own 69.99% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $268.74 on Thursday. The company has a quick ratio of 1.95, a current ratio of 1.99 and a debt-to-equity ratio of 0.30. Microsoft Co. has a twelve month low of $241.51 and a twelve month high of $349.67. The stock has a market cap of $2.01 trillion, a price-to-earnings ratio of 28.05, a P/E/G ratio of 2.01 and a beta of 0.93. The company’s fifty day moving average is $260.33 and its 200 day moving average is $281.60.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 44.85% and a net margin of 37.63%. During the same quarter in the prior year, the firm posted $2.17 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 8th. Shareholders of record on Thursday, August 18th will be given a dividend of $0.62 per share. The ex-dividend date of this dividend is Wednesday, August 17th. This represents a $2.48 dividend on an annualized basis and a yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. William Blair reiterated an “outperform” rating on shares of Microsoft in a report on Wednesday, April 27th. Deutsche Bank Rese… set a $350.00 price objective on shares of Microsoft in a research report on Monday, July 18th. Stifel Nicolaus cut their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday. Rosenblatt Securities cut their price objective on shares of Microsoft from $349.00 to $330.00 and set a “buy” rating for the company in a research report on Tuesday. Finally, Mizuho cut their price objective on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a research report on Tuesday, July 19th. One research analyst has rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $338.09.

Microsoft Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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