Foundry Partners LLC Acquires 100 Shares of Microsoft Co. (NASDAQ:MSFT)

Foundry Partners LLC increased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,525 shares of the software giant’s stock after buying an additional 100 shares during the quarter. Foundry Partners LLC’s holdings in Microsoft were worth $355,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Phoenix Wealth Advisors boosted its stake in Microsoft by 2.0% in the 2nd 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 in the last quarter. Jmac Enterprises LLC lifted its stake in Microsoft by 1.0% during the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after acquiring an additional 169 shares during the period. ARGI Investment Services LLC lifted its stake in Microsoft by 9.9% during the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after acquiring an additional 3,358 shares during the period. First PREMIER Bank lifted its stake in Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after acquiring an additional 79 shares during the period. Finally, Seaview Investment Managers LLC lifted its stake in Microsoft by 4.9% during the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock valued at $6,893,000 after acquiring an additional 1,261 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Up 0.3 %

Shares of NASDAQ:MSFT opened at $239.23 on Tuesday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a market capitalization of $1.78 trillion, a PE ratio of 25.78, a PEG ratio of 2.35 and a beta of 0.94. The business has a 50 day moving average of $241.60 and a two-hundred day moving average of $250.60. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data 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 business 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%. The business’s revenue was up 10.6% compared to the same quarter last year. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, analysts forecast that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Moffett Nathanson began coverage on shares of Microsoft in a research note on Thursday, September 22nd. They set a “hold” rating and a $285.00 target price on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Microsoft from $305.00 to $275.00 in a research note on Wednesday, October 26th. Jefferies Financial Group set a $270.00 price objective on shares of Microsoft in a research note on Thursday, January 5th. Oppenheimer reduced their target price on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Finally, Credit Suisse Group set a $365.00 target price on shares of Microsoft in a report on Friday, December 9th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $293.09.

Insider Buying and Selling

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