Vestmark Advisory Solutions Inc. grew its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 19.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,911 shares of the software giant’s stock after acquiring an additional 20,139 shares during the quarter. Microsoft comprises approximately 1.8% of Vestmark Advisory Solutions Inc.’s portfolio, making the stock its 4th biggest holding. Vestmark Advisory Solutions Inc.’s holdings in Microsoft were worth $31,311,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. 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. purchased a new stake in Microsoft in the 1st quarter worth approximately $28,000. Newfound Research LLC raised its holdings in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the last quarter. Darrow Company Inc. purchased a new position in shares of Microsoft during the 2nd quarter worth $82,000. Finally, Evolution Advisers Inc. boosted its holdings in shares of Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after purchasing an additional 91 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.
Insider Transactions at Microsoft
In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the sale, 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 can be accessed through this link. Corporate insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the business posted $2.27 EPS. Sell-side analysts expect that Microsoft Co. will post 9.62 earnings per share for the current fiscal 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 paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is 29.31%.
Analysts Set New Price Targets
Several research firms recently weighed in on MSFT. BMO Capital Markets reduced their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Evercore ISI lowered their target price on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Rosenblatt Securities cut their price target on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Cowen lowered their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Credit Suisse Group cut their target price on Microsoft from $400.00 to $365.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.
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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