Microsoft Co. (NASDAQ:MSFT) Shares Sold by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd cut its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 16.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 78,300 shares of the software giant’s stock after selling 15,579 shares during the period. Lombard Odier Asset Management Europe Ltd’s holdings in Microsoft were worth $24,141,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. raised its position 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 buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at about $28,000. Shore Point Advisors LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at about $40,000. Tobam grew its holdings in shares of Microsoft by 15,400.0% in the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after purchasing an additional 154 shares during the period. Finally, Artemis Wealth Advisors LLC purchased a new stake in shares of Microsoft in the first quarter valued at about $68,000. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 2.3 %

Shares of NASDAQ:MSFT opened at $264.46 on Monday. The firm’s 50 day moving average price is $270.08 and its 200 day moving average price is $275.45. The stock has a market cap of $1.97 trillion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. Microsoft Co. has a fifty-two week low of $241.51 and a fifty-two week high of $349.67. The company has a quick ratio of 1.75, a current ratio of 1.78 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results 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 36.69% and a return on equity of 43.31%. During the same quarter last year, the firm posted $2.17 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 10.14 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 18th were issued a $0.62 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.94%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Cowen dropped their price objective on shares of Microsoft from $330.00 to $320.00 and set an “outperform” rating for the company in a report on Friday, July 22nd. Guggenheim assumed coverage on shares of Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. UBS Group set a $330.00 price objective on shares of Microsoft in a report on Monday, June 20th. Stifel Nicolaus dropped their price objective on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Finally, Credit Suisse Group set a $400.00 target price on shares of Microsoft in a research note on Tuesday, July 26th. Two investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $334.31.

Microsoft Company Profile

(Get Rating)

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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