Foyston Gordon & Payne Inc Sells 4,496 Shares of Microsoft Co. (NASDAQ:MSFT)

Foyston Gordon & Payne Inc cut its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,259 shares of the software giant’s stock after selling 4,496 shares during the period. Microsoft accounts for about 6.7% of Foyston Gordon & Payne Inc’s investment portfolio, making the stock its biggest position. Foyston Gordon & Payne Inc’s holdings in Microsoft were worth $27,519,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Cliftonlarsonallen Wealth Advisors LLC raised its stake in shares of Microsoft by 3.9% during the first quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 38,302 shares of the software giant’s stock worth $11,809,000 after buying an additional 1,442 shares during the last quarter. Mcdaniel Terry & Co. raised its stake in shares of Microsoft by 0.7% during the first quarter. Mcdaniel Terry & Co. now owns 312,532 shares of the software giant’s stock worth $96,357,000 after buying an additional 2,109 shares during the last quarter. Shaker Investments LLC OH raised its stake in shares of Microsoft by 386.1% during the first quarter. Shaker Investments LLC OH now owns 13,140 shares of the software giant’s stock worth $4,051,000 after buying an additional 10,437 shares during the last quarter. Ninety One SA PTY Ltd increased its stake in Microsoft by 97.4% in the first quarter. Ninety One SA PTY Ltd now owns 132,858 shares of the software giant’s stock valued at $41,489,000 after purchasing an additional 65,565 shares in the last quarter. Finally, Eukles Asset Management increased its stake in Microsoft by 2.1% in the first quarter. Eukles Asset Management now owns 28,184 shares of the software giant’s stock valued at $8,689,000 after purchasing an additional 575 shares in the last quarter. 69.99% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on MSFT. Itaú Unibanco began coverage on shares of Microsoft in a research note on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price for the company. Royal Bank of Canada set a $380.00 target price on shares of Microsoft in a research note on Thursday, May 19th. JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $320.00 to $305.00 and set a “maintains” rating for the company in a research note on Wednesday, July 27th. Cowen reaffirmed a “maintains” rating on shares of Microsoft in a research note on Wednesday, July 27th. Finally, The Goldman Sachs Group set a $365.00 price target on shares of Microsoft in a report on Wednesday, April 27th. One equities research analyst has rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $334.80.

Microsoft Price Performance

Shares of MSFT opened at $280.74 on Monday. The firm has a market capitalization of $2.10 trillion, a PE ratio of 29.30, a PEG ratio of 2.01 and a beta of 0.93. The company’s 50-day moving average is $261.36 and its 200-day moving average is $281.11. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.99 and a quick ratio of 1.95.

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 net margin of 37.63% and a return on equity of 44.85%. During the same quarter in the prior year, the business earned $2.17 earnings per share. Equities analysts forecast that Microsoft Co. will post 9.27 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 8th. Stockholders of record on Thursday, August 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, August 17th. Microsoft’s payout ratio is presently 25.89%.

Microsoft Company Profile

(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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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