Main Street Financial Solutions LLC Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Main Street Financial Solutions LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,224 shares of the software giant’s stock after buying an additional 251 shares during the quarter. Microsoft comprises approximately 0.8% of Main Street Financial Solutions LLC’s portfolio, making the stock its 26th biggest position. Main Street Financial Solutions LLC’s holdings in Microsoft were worth $4,932,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter valued at $28,000. Newfound Research LLC increased its holdings in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares in the last quarter. Darrow Company Inc. bought a new position in Microsoft in the 2nd quarter worth about $82,000. Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft during the 3rd quarter valued at about $82,000. Finally, Avondale Wealth Management increased its stake in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $231.93 on Friday. The stock has a market capitalization of $1.73 trillion, a price-to-earnings ratio of 24.99, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The company has a fifty day moving average of $241.84 and a 200 day moving average of $250.23.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.27 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be given 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 dividend yield of 1.17%. Microsoft’s dividend payout ratio is currently 29.31%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Macquarie started coverage on shares of Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target on the stock. Credit Suisse Group set a $365.00 price target on Microsoft in a report on Friday, December 9th. Piper Sandler reduced their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a report on Monday, January 9th. BMO Capital Markets lowered their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $288.33.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction 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 of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.03% of the stock is currently owned by insiders.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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