Advisor OS LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the second quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 12,624 shares of the software giant’s stock, valued at approximately $2,569,000. Microsoft comprises approximately 1.5% of Advisor OS LLC’s investment portfolio, making the stock its 13th biggest position.
Several other large investors have also modified their holdings of the stock. WFA of San Diego LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $1,390,000. Strategic Wealth Management Inc. acquired a new stake in shares of Microsoft during the 2nd quarter worth about $125,000. Handelsbanken Fonder AB increased its position in shares of Microsoft by 146.2% during the 2nd quarter. Handelsbanken Fonder AB now owns 2,748,096 shares of the software giant’s stock worth $559,265,000 after purchasing an additional 1,631,950 shares during the last quarter. Phocas Financial Corp. increased its position in shares of Microsoft by 17.0% during the 2nd quarter. Phocas Financial Corp. now owns 5,875 shares of the software giant’s stock worth $1,195,000 after purchasing an additional 855 shares during the last quarter. Finally, Stephens Investment Management Group LLC increased its position in shares of Microsoft by 21.9% during the 2nd quarter. Stephens Investment Management Group LLC now owns 1,903 shares of the software giant’s stock worth $387,000 after purchasing an additional 342 shares during the last quarter. 69.93% of the stock is owned by hedge funds and other institutional investors.
Microsoft stock opened at $207.82 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. The firm has a market capitalization of $1,572.71 billion, a price-to-earnings ratio of 36.14, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $132.52 and a fifty-two week high of $232.86. The stock’s fifty day moving average is $211.79 and its two-hundred day moving average is $189.47.
Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.34 by $0.12. Microsoft had a return on equity of 39.45% and a net margin of 30.96%. The company had revenue of $38.03 billion for the quarter, compared to analyst estimates of $36.59 billion. As a group, sell-side analysts forecast that Microsoft Co. will post 6.39 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.56 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a dividend yield of 1.08%. The ex-dividend date is Wednesday, November 18th. Microsoft’s dividend payout ratio is currently 35.42%.
In other news, CFO Amy Hood sold 80,000 shares of the company’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total value of $17,451,200.00. Following the sale, the chief financial officer now directly owns 452,720 shares in the company, valued at $98,756,340.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jean Philippe Courtois sold 15,014 shares of the stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $213.59, for a total value of $3,206,840.26. Following the transaction, the executive vice president now owns 545,484 shares in the company, valued at $116,509,927.56. The disclosure for this sale can be found here. Insiders sold 164,067 shares of company stock worth $35,247,737 over the last 90 days. Company insiders own 1.39% of the company’s stock.
Several equities analysts have weighed in on the company. Morgan Stanley lifted their target price on Microsoft from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Credit Suisse Group set a $225.00 target price on Microsoft and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Raymond James lifted their target price on Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a research report on Monday, July 20th. Piper Sandler lifted their target price on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a research report on Thursday, July 23rd. Finally, Wedbush lifted their target price on Microsoft from $220.00 to $260.00 and gave the company an “outperform” rating in a research report on Thursday, July 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating, thirty-two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $216.72.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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