Ironwood Investment Counsel LLC Acquires 574 Shares of Microsoft Co. (NASDAQ:MSFT)

Ironwood Investment Counsel LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 94,858 shares of the software giant’s stock after acquiring an additional 574 shares during the period. Microsoft comprises 6.8% of Ironwood Investment Counsel LLC’s portfolio, making the stock its largest holding. Ironwood Investment Counsel LLC’s holdings in Microsoft were worth $24,362,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. KRS Capital Management LLC grew its holdings in Microsoft by 4.8% during the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after buying an additional 218 shares during the last quarter. Phoenix Wealth Advisors lifted its position in shares of 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 in the last quarter. Jmac Enterprises LLC lifted its position in shares of 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 in the last quarter. ARGI Investment Services LLC boosted its stake in shares of Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after acquiring an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank increased its position in Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after purchasing an additional 79 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $247.58 on Friday. The stock has a market cap of $1.85 trillion, a P/E ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92. The company’s fifty day simple moving average is $237.12 and its 200-day simple moving average is $255.62. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data 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 net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the previous year, the business posted $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.10%. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction 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 transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Fundamental Research reduced their target price on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Wells Fargo & Company decreased their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Piper Sandler lowered their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Citigroup reduced their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. Finally, Barclays set a $296.00 target price on Microsoft in a research note on Tuesday, November 1st. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Company 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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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