Jag Capital Management LLC Has $46.09 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

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Jag Capital Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 4.1% in the 2nd quarter, Holdings Channel reports. The firm owned 226,492 shares of the software giant’s stock after selling 9,664 shares during the quarter. Microsoft accounts for approximately 5.4% of Jag Capital Management LLC’s portfolio, making the stock its biggest position. Jag Capital Management LLC’s holdings in Microsoft were worth $46,093,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Selective Wealth Management Inc. raised its stake in shares of Microsoft by 26.9% during the second quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. Avondale Wealth Management raised its stake in shares of Microsoft by 25.4% during the first quarter. Avondale Wealth Management now owns 464 shares of the software giant’s stock valued at $73,000 after acquiring an additional 94 shares in the last quarter. Sofos Investments Inc. raised its stake in shares of Microsoft by 15.5% during the first quarter. Sofos Investments Inc. now owns 2,552 shares of the software giant’s stock valued at $81,000 after acquiring an additional 343 shares in the last quarter. Cypress Capital Management LLC WY raised its stake in shares of Microsoft by 14.3% during the first quarter. Cypress Capital Management LLC WY now owns 761 shares of the software giant’s stock valued at $120,000 after acquiring an additional 95 shares in the last quarter. Finally, Lake Point Wealth Management raised its stake in shares of Microsoft by 32.8% during the first quarter. Lake Point Wealth Management now owns 777 shares of the software giant’s stock valued at $123,000 after acquiring an additional 192 shares in the last quarter. 70.59% of the stock is owned by institutional investors and hedge funds.

Shares of MSFT opened at $205.01 on Friday. The firm has a market capitalization of $1,546.26 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 2.33 and a beta of 0.93. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.52 and a quick ratio of 2.49. Microsoft Co. has a 1-year low of $130.78 and a 1-year high of $216.38. The company’s fifty day moving average price is $202.18 and its 200-day moving average price is $178.77.

Microsoft (NASDAQ:MSFT) last announced 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. As a group, research analysts anticipate 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 issued a $0.51 dividend. This represents a $2.04 annualized dividend and a yield of 1.00%. The ex-dividend date is Wednesday, August 19th. Microsoft’s payout ratio is 35.42%.

Several analysts have recently weighed in on the stock. Fundamental Research lifted their price target on shares of Microsoft from $212.58 to $220.41 and gave the company a “buy” rating in a research note on Tuesday, July 28th. Citigroup boosted their price objective 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. BMO Capital Markets boosted their price objective on shares of Microsoft from $212.00 to $235.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 15th. They noted that the move was a valuation call. Macquarie reissued a “buy” rating and issued a $200.00 price objective on shares of Microsoft in a research note on Thursday, April 30th. Finally, Piper Sandler boosted their price objective on shares of Microsoft from $192.00 to $218.00 and gave the stock an “overweight” rating in a research note on Thursday, July 23rd. Four investment analysts have rated the stock with a hold rating, thirty-three have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $213.23.

About Microsoft

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: Return on Equity (ROE)

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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