Hamilton Point Investment Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 53,198 shares of the software giant’s stock after purchasing an additional 966 shares during the period. Microsoft accounts for about 4.0% of Hamilton Point Investment Advisors LLC’s holdings, making the stock its 2nd biggest holding. Hamilton Point Investment Advisors LLC’s holdings in Microsoft were worth $13,663,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its stake 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 purchasing an additional 79 shares during the period. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the first quarter valued at approximately $28,000. Tobam boosted its stake 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. Artemis Wealth Advisors LLC purchased a new position in shares of Microsoft in the first quarter valued at approximately $68,000. Finally, Newfound Research LLC boosted its stake in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.
Insiders Place Their Bets
In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction 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 sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.05% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT opened at $226.75 on Friday. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78. The stock has a market capitalization of $1.69 trillion, a P/E ratio of 24.43, a P/E/G ratio of 2.11 and a beta of 0.97. The company’s fifty day moving average is $248.41 and its two-hundred day moving average is $261.94. Microsoft Co. has a 1 year low of $219.13 and a 1 year high of $349.67.
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 36.69% and a return on equity of 43.31%. The business’s revenue was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm earned $2.27 EPS. On average, sell-side analysts predict that Microsoft Co. will post 10.03 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. Shareholders 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 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Wednesday, November 16th. Microsoft’s payout ratio is presently 26.72%.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MSFT. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday. Fundamental Research reiterated a “hold” rating and issued a $280.50 price target on shares of Microsoft in a research note on Wednesday, August 3rd. Cowen decreased their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price target on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Moffett Nathanson started coverage on shares of Microsoft in a research note on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price target for the company. Three analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $303.05.
Microsoft Profile
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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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