Microsoft Co. (NASDAQ:MSFT) Shares Acquired by 626 Financial LLC

626 Financial LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,483 shares of the software giant’s stock after purchasing an additional 236 shares during the quarter. Microsoft makes up 2.2% of 626 Financial LLC’s holdings, making the stock its 9th biggest position. 626 Financial LLC’s holdings in Microsoft were worth $2,674,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Phoenix Wealth Advisors lifted its holdings 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 buying an additional 343 shares in the last quarter. Jmac Enterprises LLC lifted its holdings in shares of Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after buying an additional 169 shares in the last quarter. ARGI Investment Services LLC lifted its holdings 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 worth $9,586,000 after buying an additional 3,358 shares in the last quarter. First PREMIER Bank lifted its holdings in shares of 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 in the last quarter. Finally, Seaview Investment Managers LLC lifted its holdings in shares of Microsoft by 4.9% during the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after buying an additional 1,261 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $239.23 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. 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 business’s 50 day moving average price is $241.38 and its two-hundred day moving average price is $250.79. The firm has a market cap of $1.78 trillion, a PE ratio of 25.78, a price-to-earnings-growth ratio of 2.34 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. 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 period in the previous year, the firm earned $2.27 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on MSFT. Barclays decreased their price target on Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 10th. Cowen decreased their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Citigroup decreased their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Jefferies Financial Group set a $270.00 price target on Microsoft in a research report on Thursday, January 5th. Finally, Wedbush decreased their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $293.09.

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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