Stone Ridge Asset Management LLC Lowers Stake in Microsoft Co. (NASDAQ:MSFT)

Stone Ridge Asset Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 91.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,740 shares of the software giant’s stock after selling 19,800 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Microsoft were worth $354,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Selective Wealth Management Inc. lifted its stake in Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after buying an additional 50 shares in the last quarter. Avondale Wealth Management lifted its stake in Microsoft by 25.4% in the 1st quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock worth $73,000 after purchasing an additional 94 shares in the last quarter. John W. Brooker & Co. CPAs lifted its stake in Microsoft by 21.4% in the 1st quarter. John W. Brooker & Co. CPAs now owns 568 shares of the software giant’s stock worth $90,000 after purchasing an additional 100 shares in the last quarter. Cypress Capital Management LLC WY lifted its stake in Microsoft by 14.3% in the 1st quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock worth $120,000 after purchasing an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management lifted its stake in Microsoft by 32.8% in the 1st quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock worth $123,000 after purchasing an additional 192 shares in the last quarter. 70.59% of the stock is currently owned by hedge funds and other institutional investors.

Shares of MSFT stock opened at $205.01 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.57. Microsoft Co. has a 52 week low of $130.78 and a 52 week high of $216.38. The stock has a market capitalization of $1,554.68 billion, a PE ratio of 35.65, a P/E/G ratio of 2.33 and a beta of 0.93. The firm has a 50 day moving average of $202.18 and a two-hundred day moving average of $178.77.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion during the quarter, compared to analysts’ expectations of $36.59 billion. Analysts expect that Microsoft Co. will post 6.39 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a $0.51 dividend. The ex-dividend date is Wednesday, August 19th. This represents a $2.04 annualized dividend and a yield of 1.00%. Microsoft’s dividend payout ratio is presently 35.42%.

MSFT has been the topic of a number of research reports. Fundamental Research raised 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. Citigroup raised their target price on shares of Microsoft from $179.00 to $216.00 and gave the stock a “neutral” rating in a research note on Thursday, July 16th. JPMorgan Chase & Co. raised their target price on shares of Microsoft from $190.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Barclays raised their target price on shares of Microsoft from $204.00 to $234.00 and gave the stock an “overweight” rating in a research note on Monday, July 20th. Finally, UBS Group raised their price target on shares of Microsoft from $207.00 to $232.00 and gave the stock a “buy” rating in a report on Thursday, July 23rd. Four analysts have rated the stock with a hold rating, thirty-three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $213.23.

Microsoft 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.

See Also: Hold Rating

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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