Intermede Investment Partners Ltd Invests $187.81 Million in Microsoft Co. (NASDAQ:MSFT)

Intermede Investment Partners Ltd acquired a new position in Microsoft Co. (NASDAQ:MSFTGet Rating) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 731,255 shares of the software giant’s stock, valued at approximately $187,808,000. Microsoft accounts for approximately 5.2% of Intermede Investment Partners Ltd’s investment portfolio, making the stock its 5th biggest holding.

Other institutional investors have also bought and sold shares of the company. KRS Capital Management LLC boosted its position in Microsoft by 4.8% during the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after purchasing an additional 218 shares during the period. Phoenix Wealth Advisors boosted its holdings in Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after acquiring an additional 343 shares during the last quarter. Jmac Enterprises LLC boosted its holdings in Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after acquiring an additional 169 shares during the last quarter. ARGI Investment Services LLC boosted its holdings in Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after buying an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after purchasing an additional 79 shares in the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Itaú Unibanco started coverage on Microsoft in a research report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 target price on the stock. StockNews.com assumed coverage on Microsoft in a research report on Wednesday, October 12th. They set a “buy” rating for the company. JPMorgan Chase & Co. lowered their price target on Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Piper Sandler lowered their target price on Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Finally, Oppenheimer decreased their price target on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The stock was 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 owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Microsoft stock opened at $242.05 on Tuesday. Microsoft Co. has a one year low of $213.43 and a one year high of $349.67. The business has a fifty day moving average price of $237.35 and a 200-day moving average price of $255.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 26.08, a PEG ratio of 2.32 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same period last year, the company earned $2.27 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Microsoft Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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