Meridian Financial Partners LLC Invests $3.78 Million in Microsoft Co. (NASDAQ:MSFT)

Meridian Financial Partners LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFTGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 14,074 shares of the software giant’s stock, valued at approximately $3,782,000. Microsoft comprises about 2.6% of Meridian Financial Partners LLC’s investment portfolio, making the stock its 9th biggest position.

Other large investors have also recently bought and sold shares of the company. Cooper Financial Group grew its position in Microsoft by 1.9% in the 1st quarter. Cooper Financial Group now owns 36,136 shares of the software giant’s stock valued at $11,141,000 after buying an additional 674 shares during the last quarter. DGS Capital Management LLC boosted its holdings in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd raised its holdings in Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Revolve Wealth Partners LLC raised its holdings in Microsoft by 4.4% during the first quarter. Revolve Wealth Partners LLC now owns 18,862 shares of the software giant’s stock worth $5,815,000 after purchasing an additional 802 shares in the last quarter. Finally, WNY Asset Management LLC lifted its position in Microsoft by 2.7% in the first quarter. WNY Asset Management LLC now owns 15,115 shares of the software giant’s stock valued at $4,655,000 after purchasing an additional 403 shares during the period. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Trading Up 2.9 %

MSFT stock opened at $227.87 on Tuesday. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.70 trillion, a price-to-earnings ratio of 24.55, a PEG ratio of 2.13 and a beta of 0.92. The business has a fifty day simple moving average of $241.44 and a 200-day simple moving average of $258.81. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the firm posted $2.27 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 9.63 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.19%. The ex-dividend date of this dividend is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 26.72%.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value 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 approximately $29,244,101.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MSFT. Macquarie began coverage on Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price for the company. Royal Bank of Canada reduced their target price on Microsoft from $380.00 to $310.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Rosenblatt Securities lowered their price target on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Cowen decreased their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Itau BBA Securities started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target for the company. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $300.95.

About Microsoft

(Get Rating)

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.

Featured Stories

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.