Rosenberg Matthew Hamilton Grows Position in Microsoft Co. (NASDAQ:MSFT)

Rosenberg Matthew Hamilton raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,496 shares of the software giant’s stock after purchasing an additional 131 shares during the quarter. Microsoft makes up approximately 0.8% of Rosenberg Matthew Hamilton’s portfolio, making the stock its 23rd largest holding. Rosenberg Matthew Hamilton’s holdings in Microsoft were worth $1,979,000 at the end of the most recent quarter.

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

Microsoft Stock Up 0.3 %

NASDAQ MSFT opened at $239.23 on Tuesday. The stock’s 50 day moving average is $241.60 and its 200 day moving average is $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 Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The stock has a market cap of $1.78 trillion, a PE ratio of 25.78, a P/E/G ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly 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 return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the previous year, the firm earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed 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 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 Microsoft stock in a transaction that occurred 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 sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wedbush reduced their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Fundamental Research reduced their price objective on Microsoft to $270.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. UBS Group set a $250.00 price objective on Microsoft in a report on Thursday, January 12th. Mizuho reduced their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Finally, Citigroup reduced their price objective on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price 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.