Sanders Morris Harris LLC Has $3.89 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Sanders Morris Harris LLC raised its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.0% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 15,042 shares of the software giant’s stock after acquiring an additional 301 shares during the period. Microsoft makes up about 0.9% of Sanders Morris Harris LLC’s holdings, making the stock its 24th largest position. Sanders Morris Harris LLC’s holdings in Microsoft were worth $3,887,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. boosted its position in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the first quarter valued at approximately $28,000. Shore Point Advisors LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $40,000. Tobam boosted its position in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after buying an additional 154 shares during the last quarter. Finally, Artemis Wealth Advisors LLC purchased a new position in shares of Microsoft during the first quarter valued at approximately $68,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.05% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several research analysts recently issued reports on MSFT shares. Barclays cut their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating on the stock in a research report on Friday, June 10th. BMO Capital Markets raised their target price on Microsoft from $305.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, July 27th. Citigroup cut their price target on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Fundamental Research restated a “hold” rating and set a $280.50 price objective on shares of Microsoft in a report on Wednesday, August 3rd. Finally, Jefferies Financial Group set a $320.00 price objective on shares of Microsoft in a report on Tuesday, September 6th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $334.31.

Microsoft Price Performance

MSFT stock opened at $238.95 on Thursday. The firm has a 50 day moving average of $267.91 and a 200-day moving average of $272.92. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28. Microsoft Co. has a 12 month low of $238.90 and a 12 month high of $349.67. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 24.79, a price-to-earnings-growth ratio of 2.06 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing analysts’ consensus estimates of $2.28 by ($0.05). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. The firm had revenue of $51.87 billion during the quarter, compared to the consensus estimate of $52.31 billion. During the same quarter last year, the business posted $2.17 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 10.15 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.14%. Microsoft’s payout ratio is presently 25.73%.

About Microsoft

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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