Texan Capital Management cut its stake in Microsoft Co. (NASDAQ:MSFT) by 5.1% in the 4th quarter, HoldingsChannel reports. The fund owned 45,118 shares of the software giant’s stock after selling 2,439 shares during the period. Microsoft accounts for approximately 2.5% of Texan Capital Management’s holdings, making the stock its 7th largest holding. Texan Capital Management’s holdings in Microsoft were worth $3,859,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of MSFT. Kohmann Bosshard Financial Services LLC bought a new position in shares of Microsoft in the fourth quarter valued at approximately $103,000. Cerebellum GP LLC acquired a new stake in Microsoft during the fourth quarter valued at approximately $134,000. Family Capital Trust Co acquired a new stake in Microsoft during the fourth quarter valued at approximately $188,000. NewSquare Capital LLC lifted its stake in Microsoft by 470.8% during the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock valued at $193,000 after purchasing an additional 98,752 shares during the last quarter. Finally, Mitchell Capital Management Co. acquired a new stake in Microsoft during the third quarter valued at approximately $201,000. Institutional investors and hedge funds own 72.44% of the company’s stock.
In other news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 174,778 shares in the company, valued at approximately $16,254,354. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.49% of the company’s stock.
Several analysts recently commented on the stock. Credit Suisse Group reissued an “outperform” rating and set a $115.00 target price on shares of Microsoft in a research note on Thursday, May 10th. Royal Bank of Canada reissued an “outperform” rating and set a $115.00 target price on shares of Microsoft in a research note on Friday. Evercore ISI increased their target price on shares of Microsoft from $115.00 to $118.00 and gave the company an “outperform” rating in a research note on Tuesday, May 15th. Deutsche Bank set a $120.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Monday, March 12th. Finally, Vetr lowered shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $106.32 target price for the company. in a research note on Wednesday, April 18th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $103.13.
Shares of Microsoft opened at $96.36 on Monday, according to Marketbeat Ratings. Microsoft Co. has a 12 month low of $67.43 and a 12 month high of $98.69. The firm has a market cap of $741.95 billion, a PE ratio of 29.11, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04. The company has a current ratio of 3.40, a quick ratio of 3.35 and a debt-to-equity ratio of 1.00.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The company had revenue of $26.82 billion for the quarter, compared to analyst estimates of $25.78 billion. During the same quarter in the prior year, the business posted $0.73 EPS. Microsoft’s quarterly revenue was up 15.5% on a year-over-year basis. equities research analysts forecast that Microsoft Co. will post 3.8 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 annualized dividend and a dividend yield of 1.74%. Microsoft’s dividend payout ratio (DPR) is 50.76%.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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