Merit Financial Group LLC Has $51.70 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Merit Financial Group LLC increased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 3.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,826 shares of the software giant’s stock after purchasing an additional 5,453 shares during the quarter. Microsoft makes up 1.7% of Merit Financial Group LLC’s portfolio, making the stock its 12th biggest position. Merit Financial Group LLC’s holdings in Microsoft were worth $51,703,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Good Life Advisors LLC grew its position in shares of Microsoft by 0.6% during the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock worth $18,396,000 after buying an additional 311 shares during the period. Carr Financial Group Corp grew its position in shares of Microsoft by 4.0% in the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock valued at $3,665,000 after purchasing an additional 417 shares during the period. Planning Center Inc. grew its position in shares of Microsoft by 24.4% in the 2nd quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after purchasing an additional 950 shares during the period. Nissay Asset Management Corp Japan ADV grew its position in shares of Microsoft by 6.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after purchasing an additional 94,563 shares during the period. Finally, Trivant Custom Portfolio Group LLC grew its position in shares of Microsoft by 1.2% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock valued at $6,769,000 after purchasing an additional 229 shares during the period. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on MSFT shares. Wedbush boosted their price objective on Microsoft from $400.00 to $425.00 and gave the company an “outperform” rating in a research report on Thursday. Tigress Financial boosted their price objective on Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Jefferies Financial Group reiterated a “buy” rating and issued a $400.00 price objective on shares of Microsoft in a research report on Monday, October 2nd. Raymond James boosted their target price on Microsoft from $320.00 to $400.00 and gave the company an “outperform” rating in a research note on Monday, July 24th. Finally, The Goldman Sachs Group boosted their target price on Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Four investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $385.11.

Get Our Latest Report on Microsoft

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $369.85 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.64. The stock’s fifty day moving average price is $336.17 and its two-hundred day moving average price is $331.77. Microsoft Co. has a one year low of $219.35 and a one year high of $376.35. The firm has a market cap of $2.75 trillion, a price-to-earnings ratio of 35.80, a P/E/G ratio of 2.51 and a beta of 0.88.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The firm had revenue of $56.52 billion for the quarter, compared to analyst estimates of $54.52 billion. During the same period in the prior year, the firm posted $2.35 EPS. The company’s revenue for the quarter was up 12.8% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 11.13 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.81%. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is currently 29.04%.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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