Kinneret Advisory LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Kinneret Advisory LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 302,760 shares of the software giant’s stock after acquiring an additional 6,411 shares during the quarter. Microsoft makes up about 10.1% of Kinneret Advisory LLC’s investment portfolio, making the stock its largest position. Kinneret Advisory LLC’s holdings in Microsoft were worth $77,758,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. 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 worth $1,474,000 after acquiring an additional 218 shares during the period. Phoenix Wealth Advisors grew its stake in shares of Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC increased 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 purchasing an additional 169 shares during the last quarter. ARGI Investment Services LLC lifted its stake in Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after buying an additional 3,358 shares during the period. Finally, First PREMIER Bank boosted its holdings in Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after buying an additional 79 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Guggenheim initiated coverage on shares of Microsoft in a research report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price target on the stock. Piper Sandler reduced their price target on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. UBS Group set a $300.00 price objective on shares of Microsoft in a research report on Monday. Moffett Nathanson assumed coverage on Microsoft in a report on Thursday, September 22nd. They set a “hold” rating and a $285.00 target price on the stock. Finally, Credit Suisse Group lowered their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $247.58 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $344.30. The company has a market cap of $1.85 trillion, a P/E ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The stock’s 50-day simple moving average is $237.12 and its 200 day simple moving average is $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the previous year, the firm earned $2.27 EPS. The business’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. The ex-dividend date 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 dividend yield of 1.10%. Microsoft’s payout ratio is currently 29.31%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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