Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Monarch Capital Management Inc.

Monarch Capital Management Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 64,009 shares of the software giant’s stock after acquiring an additional 471 shares during the period. Microsoft makes up approximately 4.8% of Monarch Capital Management Inc.’s holdings, making the stock its largest holding. Monarch Capital Management Inc.’s holdings in Microsoft were worth $13,026,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Macquarie Group Ltd. grew its stake in Microsoft by 2.4% in the fourth quarter. Macquarie Group Ltd. now owns 4,111,006 shares of the software giant’s stock valued at $648,305,000 after acquiring an additional 96,361 shares during the period. Global Trust Asset Management LLC grew its stake in Microsoft by 17.9% in the first quarter. Global Trust Asset Management LLC now owns 20,006 shares of the software giant’s stock valued at $3,206,000 after acquiring an additional 3,040 shares during the period. Foundations Investment Advisors LLC grew its stake in Microsoft by 79.1% in the first quarter. Foundations Investment Advisors LLC now owns 16,077 shares of the software giant’s stock valued at $2,446,000 after acquiring an additional 7,102 shares during the period. RDA Financial Network grew its stake in Microsoft by 10.7% in the first quarter. RDA Financial Network now owns 18,768 shares of the software giant’s stock valued at $2,960,000 after acquiring an additional 1,818 shares during the period. Finally, LifePlan Financial Group Inc grew its stake in Microsoft by 2.2% in the first quarter. LifePlan Financial Group Inc now owns 2,977 shares of the software giant’s stock valued at $469,000 after acquiring an additional 65 shares during the period. 70.59% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts have commented on MSFT shares. Barclays raised their price objective on Microsoft from $204.00 to $234.00 and gave the company an “overweight” rating in a research note on Monday, July 20th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday. BidaskClub cut Microsoft from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 17th. Piper Sandler lifted their target price on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Morgan Stanley cut Microsoft to an “in-line” rating in a research report on Monday, July 27th. Four investment analysts have rated the stock with a hold rating, thirty-three have given a buy rating and one has given 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.

Shares of MSFT opened at $205.01 on Friday. The firm has a market cap of $1,546.26 billion, a PE ratio of 35.65, a PEG ratio of 2.33 and a beta of 0.93. Microsoft Co. has a 1 year low of $130.78 and a 1 year high of $216.38. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. The stock’s fifty day moving average price is $202.18 and its two-hundred day moving average price is $178.77.

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

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

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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