Koss Olinger Consulting LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Koss Olinger Consulting LLC trimmed its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,797 shares of the software giant’s stock after selling 145 shares during the period. Koss Olinger Consulting LLC’s holdings in Microsoft were worth $975,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Microsoft by 5.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 134,115 shares of the software giant’s stock worth $42,237,000 after buying an additional 7,210 shares in the last quarter. Arbor Investment Advisors LLC increased its stake in Microsoft by 12.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 12,142 shares of the software giant’s stock worth $3,743,000 after buying an additional 1,357 shares in the last quarter. KRS Capital Management LLC increased its stake in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after buying an additional 218 shares in the last quarter. Dfpg Investments LLC increased its stake in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock worth $7,585,000 after buying an additional 5,030 shares in the last quarter. Finally, Allworth Financial LP increased its stake in Microsoft by 41.4% in the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock worth $45,441,000 after buying an additional 43,189 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on MSFT shares. Piper Sandler cut their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a research note on Friday, July 8th. Guggenheim initiated coverage on shares of Microsoft in a report on Friday, August 12th. They set a “neutral” rating and a $292.00 price objective for the company. Barclays dropped their price objective on shares of Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. 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, 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. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $334.31.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.05% of the company’s stock.

Microsoft Stock Down 0.8 %

Shares of NASDAQ MSFT opened at $242.45 on Wednesday. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The company has a market cap of $1.81 trillion, a P/E ratio of 25.15, a PEG ratio of 2.06 and a beta of 0.94. Microsoft Co. has a 1 year low of $239.64 and a 1 year high of $349.67. The firm has a 50-day simple moving average of $268.41 and a two-hundred day simple moving average of $273.37.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same quarter in the prior year, the company posted $2.17 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.15 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

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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