Microsoft Co. (NASDAQ:MSFT) Stock Position Lifted by Fiducient Advisors LLC

Fiducient Advisors LLC boosted its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 167.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,886 shares of the software giant’s stock after buying an additional 6,811 shares during the quarter. Microsoft makes up about 1.1% of Fiducient Advisors LLC’s holdings, making the stock its 15th biggest position. Fiducient Advisors LLC’s holdings in Microsoft were worth $2,796,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. raised its position in 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 acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the 1st quarter valued at $28,000. Newfound Research LLC lifted its stake in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the last quarter. Darrow Company Inc. bought a new stake in Microsoft in the second quarter worth $82,000. Finally, Evolution Advisers Inc. increased its position in Microsoft by 36.4% during the first quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after buying an additional 91 shares during the last quarter. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $247.58 on Friday. The stock’s fifty day simple moving average is $237.12 and its 200 day simple moving average is $255.62. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30. The firm has a market cap of $1.85 trillion, a price-to-earnings 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 current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating the consensus estimate of $2.30 by $0.05. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.27 EPS. On average, analysts expect that Microsoft Co. will post 9.62 earnings per share 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 issued 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 dividend yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Analyst Ratings Changes

A number of analysts have weighed in on MSFT shares. Raymond James reduced their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Guggenheim initiated coverage on Microsoft in a research report on Friday, August 12th. They set a “neutral” rating and a $292.00 target price for the company. Cowen reduced their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Morgan Stanley lowered their target price on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research note on Wednesday, October 26th. Finally, Mizuho dropped their target price on shares of Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s 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 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 is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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