Truepoint Inc. increased its position in Microsoft Co. (NASDAQ:MSFT) by 6,479.9% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 338,205 shares of the software giant’s stock after buying an additional 333,065 shares during the period. Truepoint Inc.’s holdings in Microsoft were worth $338,000 at the end of the most recent quarter.
A number of other institutional investors have also recently modified their holdings of MSFT. Garde Capital Inc. lifted its stake in Microsoft by 42.4% in the 3rd quarter. Garde Capital Inc. now owns 76,859 shares of the software giant’s stock worth $5,725,000 after purchasing an additional 22,884 shares in the last quarter. WealthTrust Fairport LLC lifted its stake in Microsoft by 0.7% in the 3rd quarter. WealthTrust Fairport LLC now owns 128,259 shares of the software giant’s stock worth $9,554,000 after purchasing an additional 831 shares in the last quarter. Moors & Cabot Inc. lifted its stake in Microsoft by 16.9% in the 3rd quarter. Moors & Cabot Inc. now owns 136,915 shares of the software giant’s stock worth $10,180,000 after purchasing an additional 19,834 shares in the last quarter. Cypress Capital Group lifted its stake in Microsoft by 5.8% in the 3rd quarter. Cypress Capital Group now owns 81,255 shares of the software giant’s stock worth $6,053,000 after purchasing an additional 4,440 shares in the last quarter. Finally, Belpointe Asset Management LLC purchased a new stake in Microsoft in the 3rd quarter worth $3,980,000. 73.88% of the stock is owned by institutional investors.
Microsoft Co. (MSFT) opened at $94.18 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 2.89 and a quick ratio of 2.85. The company has a market cap of $722,625.56, a PE ratio of 64.51, a price-to-earnings-growth ratio of 2.17 and a beta of 1.04. Microsoft Co. has a one year low of $64.12 and a one year high of $97.24.
Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. The business had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The company’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.83 EPS. sell-side analysts anticipate that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, June 14th. Shareholders of record on Thursday, May 17th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a yield of 1.78%. Microsoft’s dividend payout ratio is currently 115.07%.
In other news, CMO Christopher C. Capossela sold 3,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $93.30, for a total transaction of $279,900.00. Following the transaction, the chief marketing officer now directly owns 178,278 shares in the company, valued at $16,633,337.40. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $93.00, for a total transaction of $325,500.00. Following the transaction, the executive vice president now owns 174,778 shares in the company, valued at $16,254,354. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock worth $930,900 over the last 90 days. Insiders own 1.49% of the company’s stock.
MSFT has been the topic of several research analyst reports. KeyCorp boosted their price target on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a research note on Thursday, February 1st. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 price target on the stock. in a research note on Monday, December 11th. Royal Bank of Canada set a $100.00 target price on shares of Microsoft and gave the company a “buy” rating in a research report on Wednesday, December 20th. Tigress Financial restated a “buy” rating on shares of Microsoft in a research report on Wednesday, February 14th. Finally, Zacks Investment Research upgraded shares of Microsoft from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirty-one have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $99.41.
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Microsoft Company Profile
Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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