Annex Advisory Services LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Annex Advisory Services LLC lifted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 9.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,119 shares of the software giant’s stock after purchasing an additional 4,766 shares during the quarter. Microsoft accounts for about 0.9% of Annex Advisory Services LLC’s holdings, making the stock its 18th largest holding. Annex Advisory Services LLC’s holdings in Microsoft were worth $13,303,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of Microsoft by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the period. Legal & General Group Plc lifted its position in Microsoft by 1.5% in the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after purchasing an additional 784,656 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of Microsoft by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock valued at $10,306,701,000 after purchasing an additional 939,396 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Microsoft by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after purchasing an additional 766,487 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several analyst reports. Credit Suisse Group set a $365.00 price target on shares of Microsoft in a research report on Friday, December 9th. Macquarie began coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target on the stock. Cowen cut their price objective on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Mizuho reduced their target price on Microsoft from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday. Finally, BMO Capital Markets reduced their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $287.88.

Microsoft Trading Up 3.6 %

Microsoft stock opened at $240.22 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The business’s fifty day simple moving average is $241.70 and its two-hundred day simple moving average is $250.10. 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 $1.79 trillion, a price-to-earnings ratio of 25.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period in the prior year, the company posted $2.27 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s payout ratio is currently 29.31%.

Insider Activity

In other 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 transaction of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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