Endurance Wealth Management Inc. Acquires 3,315 Shares of Microsoft Co. (NASDAQ:MSFT)

Endurance Wealth Management Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 12.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,635 shares of the software giant’s stock after purchasing an additional 3,315 shares during the quarter. Microsoft accounts for approximately 1.1% of Endurance Wealth Management Inc.’s investment portfolio, making the stock its 26th largest holding. Endurance Wealth Management Inc.’s holdings in Microsoft were worth $6,902,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Walled Lake Planning & Wealth Management LLC increased its stake in shares of Microsoft by 0.5% in the 2nd quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares in the last quarter. Financial Advisors Network Inc. grew its holdings in Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the period. Donoghue Forlines LLC increased its position in shares of Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after buying an additional 40 shares in the last quarter. Fountainhead AM LLC raised its stake in shares of Microsoft by 1.0% during the 2nd quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after buying an additional 41 shares during the period. Finally, Lokken Investment Group LLC grew its stake in Microsoft by 0.3% in the 2nd quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after acquiring an additional 41 shares during the period. 69.15% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.3 %

MSFT opened at $239.23 on Monday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $241.38 and a 200-day simple moving average of $250.72. The firm has a market cap of $1.78 trillion, a P/E ratio of 25.78, a P/E/G ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period last year, the business posted $2.27 EPS. On average, equities analysts expect that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the business’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research analyst reports. Barclays reduced their price objective on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. UBS Group set a $250.00 target price on Microsoft in a report on Thursday. BMO Capital Markets lowered their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. reduced their price objective on Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $293.09.

About Microsoft

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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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