Once Capital Management LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Once Capital Management LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,400 shares of the software giant’s stock after purchasing an additional 1,600 shares during the period. Microsoft makes up 9.0% of Once Capital Management LLC’s investment portfolio, making the stock its 4th largest holding. Once Capital Management LLC’s holdings in Microsoft were worth $7,037,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Janney Montgomery Scott LLC lifted its position in Microsoft by 2.8% during the 2nd quarter. Janney Montgomery Scott LLC now owns 1,997,317 shares of the software giant’s stock valued at $512,395,000 after acquiring an additional 54,046 shares during the period. AE Wealth Management LLC lifted its position in Microsoft by 5.8% during the 2nd quarter. AE Wealth Management LLC now owns 723,338 shares of the software giant’s stock valued at $185,775,000 after acquiring an additional 39,471 shares during the period. LGT Fund Management Co Ltd. lifted its position in Microsoft by 19.0% during the 2nd quarter. LGT Fund Management Co Ltd. now owns 211,264 shares of the software giant’s stock valued at $54,259,000 after acquiring an additional 33,703 shares during the period. Assetmark Inc. lifted its position in Microsoft by 6.0% during the 2nd quarter. Assetmark Inc. now owns 940,784 shares of the software giant’s stock valued at $241,622,000 after acquiring an additional 53,486 shares during the period. Finally, Empire Life Investments Inc. lifted its position in Microsoft by 28.3% during the 2nd quarter. Empire Life Investments Inc. now owns 258,779 shares of the software giant’s stock valued at $66,462,000 after acquiring an additional 57,128 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.2 %

Shares of MSFT opened at $241.22 on Friday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The company has a market cap of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 2.33 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company’s fifty day simple moving average is $237.85 and its 200-day simple moving average is $256.37.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is currently 29.31%.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Rosenblatt Securities decreased their target price on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, October 27th. Mizuho decreased their target price on shares of Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Raymond James decreased their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Macquarie started coverage on shares of Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective for the company. Three analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company’s stock.

Microsoft 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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