Horan Capital Management trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 266,968 shares of the software giant’s stock after selling 419 shares during the period. Microsoft makes up about 6.9% of Horan Capital Management’s investment portfolio, making the stock its 3rd biggest position. Horan Capital Management’s holdings in Microsoft were worth $42,101,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in Microsoft during the 2nd quarter valued at about $26,000. Selective Wealth Management Inc. bought a new position in Microsoft during the 3rd quarter valued at about $36,000. Atwater Malick LLC bought a new position in Microsoft during the 3rd quarter valued at about $37,000. AlphaOne Investment Services LLC bought a new position in Microsoft during the 2nd quarter valued at about $51,000. Finally, Gavea Investimentos Ltda bought a new position in Microsoft during the 2nd quarter valued at about $70,000. 71.78% of the stock is owned by institutional investors.
NASDAQ MSFT traded down $1.45 during trading on Tuesday, reaching $157.58. 21,591,681 shares of the stock traded hands, compared to its average volume of 19,593,580. The firm has a market cap of $1,212.87 billion, a price-to-earnings ratio of 33.17, a price-to-earnings-growth ratio of 2.49 and a beta of 1.23. The stock’s 50-day moving average price is $154.05 and its 200 day moving average price is $142.43. The company has a quick ratio of 2.81, a current ratio of 2.85 and a debt-to-equity ratio of 0.69. Microsoft Co. has a fifty-two week low of $100.98 and a fifty-two week high of $160.73.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 23rd. The software giant reported $1.38 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.24 by $0.14. The firm had revenue of $33.06 billion during the quarter, compared to analysts’ expectations of $32.24 billion. Microsoft had a net margin of 31.66% and a return on equity of 39.14%. The business’s revenue for the quarter was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.14 earnings per share. Analysts anticipate that Microsoft Co. will post 5.35 EPS for the current fiscal year.
Microsoft declared that its Board of Directors has authorized a share buyback plan on Wednesday, September 18th that authorizes the company to repurchase $40.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 3.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 1.29%. The ex-dividend date is Wednesday, February 19th. Microsoft’s dividend payout ratio is currently 42.95%.
In related news, CMO Christopher C. Capossela sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, October 29th. The shares were sold at an average price of $142.89, for a total transaction of $357,225.00. Following the completion of the transaction, the chief marketing officer now owns 133,944 shares in the company, valued at $19,139,258.16. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Margaret L. Johnson sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $150.01, for a total transaction of $5,250,350.00. Following the transaction, the executive vice president now owns 62,423 shares of the company’s stock, valued at approximately $9,364,074.23. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 66,919 shares of company stock valued at $9,817,790. Corporate insiders own 1.39% of the company’s stock.
MSFT has been the subject of several research reports. Credit Suisse Group restated an “outperform” rating on shares of Microsoft in a research report on Monday, November 18th. Evercore ISI restated a “buy” rating and issued a $170.00 price objective on shares of Microsoft in a research report on Monday, December 16th. Cleveland Research restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. BidaskClub upgraded shares of Microsoft from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, November 13th. Finally, Cowen raised their price objective on shares of Microsoft from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Thursday, December 12th. One research analyst has rated the stock with a hold rating, thirty-one have given a buy rating and two have issued a strong buy rating to the company’s stock. Microsoft presently has an average rating of “Buy” and an average target price of $161.59.
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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