Requisite Capital Management LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,292 shares of the software giant’s stock after selling 519 shares during the period. Microsoft accounts for about 1.4% of Requisite Capital Management LLC’s holdings, making the stock its 16th biggest holding. Requisite Capital Management LLC’s holdings in Microsoft were worth $3,519,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Lincoln National Corp increased its position in Microsoft by 1.8% during the first quarter. Lincoln National Corp now owns 132,035 shares of the software giant’s stock worth $20,823,000 after purchasing an additional 2,371 shares during the last quarter. Girard Partners LTD. increased its position in Microsoft by 3.4% during the first quarter. Girard Partners LTD. now owns 104,459 shares of the software giant’s stock worth $16,474,000 after purchasing an additional 3,394 shares during the last quarter. Keel Point LLC increased its position in Microsoft by 0.9% during the first quarter. Keel Point LLC now owns 21,965 shares of the software giant’s stock worth $3,464,000 after purchasing an additional 187 shares during the last quarter. Markston International LLC increased its position in Microsoft by 0.3% during the first quarter. Markston International LLC now owns 361,592 shares of the software giant’s stock worth $57,027,000 after purchasing an additional 1,193 shares during the last quarter. Finally, Bull Street Advisors LLC boosted its stake in Microsoft by 47.5% during the first quarter. Bull Street Advisors LLC now owns 23,446 shares of the software giant’s stock worth $3,698,000 after buying an additional 7,549 shares during the period. Institutional investors and hedge funds own 69.93% of the company’s stock.
In other Microsoft news, EVP Jean Philippe Courtois sold 15,140 shares of the business’s stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $215.00, for a total transaction of $3,255,100.00. Following the sale, the executive vice president now directly owns 560,498 shares in the company, valued at approximately $120,507,070. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 30,871 shares of the business’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $209.90, for a total transaction of $6,479,822.90. Following the sale, the executive vice president now owns 176 shares in the company, valued at $36,942.40. The disclosure for this sale can be found here. Insiders have sold a total of 164,067 shares of company stock worth $35,247,737 over the last 90 days. Insiders own 1.39% of the company’s stock.
Shares of Microsoft stock opened at $208.78 on Wednesday. The firm’s fifty day simple moving average is $212.36 and its 200-day simple moving average is $187.59. The stock has a market capitalization of $1,579.97 billion, a price-to-earnings ratio of 36.31, a PEG ratio of 2.33 and a beta of 0.89. Microsoft Co. has a 12 month low of $132.52 and a 12 month high of $232.86. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.52 and a quick ratio of 2.49.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The firm had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. Analysts anticipate that Microsoft Co. will post 6.39 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a $0.56 dividend. This represents a $2.24 dividend on an annualized basis and a yield of 1.07%. This is a positive change from Microsoft’s previous quarterly dividend of $0.51. The ex-dividend date is Wednesday, November 18th. Microsoft’s dividend payout ratio (DPR) is 35.42%.
Several research analysts have weighed in on MSFT shares. Fundamental Research increased their target price on shares of Microsoft from $212.58 to $220.41 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. BMO Capital Markets raised their price objective on shares of Microsoft from $212.00 to $235.00 and gave the company an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. William Blair reissued a “buy” rating on shares of Microsoft in a research note on Monday, July 20th. Wedbush raised their price objective on shares of Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, BidaskClub raised shares of Microsoft from a “sell” rating to a “hold” rating in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $216.72.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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