Keeler Thomas Management LLC Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Keeler Thomas Management LLC increased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 32.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,982 shares of the software giant’s stock after purchasing an additional 7,328 shares during the period. Microsoft makes up 3.5% of Keeler Thomas Management LLC’s holdings, making the stock its 7th biggest holding. Keeler Thomas Management LLC’s holdings in Microsoft were worth $6,982,000 as of its most recent filing with the SEC.

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

Microsoft Price Performance

Shares of MSFT opened at $240.22 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-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 business’s 50 day moving average price is $241.70 and its two-hundred day moving average price is $250.10. The firm has a market cap of $1.79 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same period in the previous year, the firm earned $2.27 earnings per share. The company’s revenue was up 10.6% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 9.52 EPS for the current 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. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is 29.31%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction that occurred 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSFT. Cowen decreased their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Wedbush reduced their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Piper Sandler reduced their price target on Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a report on Monday, January 9th. Fundamental Research reduced their price target on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Finally, Macquarie initiated coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $287.88.

Microsoft Company Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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