Bradley & Co. Private Wealth Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.7% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,871 shares of the software giant’s stock after buying an additional 1,151 shares during the period. Microsoft accounts for 7.2% of Bradley & Co. Private Wealth Management LLC’s holdings, making the stock its 3rd biggest holding. Bradley & Co. Private Wealth Management LLC’s holdings in Microsoft were worth $6,026,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Phoenix Wealth Advisors grew 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 valued at $4,440,000 after buying an additional 343 shares during the last quarter. Jmac Enterprises LLC boosted its holdings in 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 purchasing an additional 169 shares during the last quarter. ARGI Investment Services LLC boosted its holdings in 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 purchasing an additional 3,358 shares during the last quarter. 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 purchasing an additional 79 shares during the last quarter. Finally, Seaview Investment Managers LLC boosted its holdings in 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 purchasing an additional 1,261 shares during the last quarter. 69.15% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on MSFT. Deutsche Bank Aktiengesellschaft cut their price target on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Royal Bank of Canada set a $285.00 price target on shares of Microsoft in a report on Tuesday, January 10th. Morgan Stanley dropped 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. Citigroup dropped their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research note on Wednesday, October 19th. 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 research note on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $293.09.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the business earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 9.52 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is 29.31%.
Insiders Place Their Bets
In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by company insiders.
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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