Motive Wealth Advisors lifted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 95.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,756 shares of the software giant’s stock after buying an additional 2,814 shares during the quarter. Microsoft comprises approximately 1.1% of Motive Wealth Advisors’ holdings, making the stock its 20th largest position. Motive Wealth Advisors’ holdings in Microsoft were worth $1,341,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of the company. DGS Capital Management LLC increased its position in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd increased its position in Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC increased its position in Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares during the period. Powell Investment Advisors LLC increased its holdings in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its holdings in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the period. 69.15% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada set a $285.00 target price on shares of Microsoft in a report on Tuesday, January 10th. Piper Sandler lowered their target price on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a report on Tuesday. Cowen lowered their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Oppenheimer lowered their target price on shares of Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $289.15.
Insider Buying and Selling
Microsoft Stock Performance
Shares of MSFT stock opened at $240.35 on Wednesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The stock has a market cap of $1.79 trillion, a PE ratio of 25.90, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The stock has a 50-day moving average of $241.83 and a 200-day moving average of $250.46. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly 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. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same period in the prior year, the business posted $2.27 EPS. Microsoft’s revenue was up 10.6% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 9.52 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s payout ratio is 29.31%.
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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