EWG Elevate Inc. Has $1.31 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

EWG Elevate Inc. raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,089 shares of the software giant’s stock after buying an additional 53 shares during the period. EWG Elevate Inc.’s holdings in Microsoft were worth $1,307,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. University of Texas Texas AM Investment Managment Co. lifted its holdings in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter worth $28,000. Tobam lifted its holdings in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the period. Artemis Wealth Advisors LLC acquired a new position in shares of Microsoft during the first quarter worth $68,000. Finally, Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Microsoft during the fourth quarter worth $80,000. Institutional investors and hedge funds own 69.29% of the company’s stock.

Microsoft Stock Up 0.8 %

Microsoft stock opened at $240.98 on Friday. Microsoft Co. has a fifty-two week low of $237.57 and a fifty-two week high of $349.67. The stock has a market cap of $1.80 trillion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The firm’s 50-day simple moving average is $267.65 and its 200 day simple moving average is $272.65. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.75 and a current ratio of 1.78.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 earnings per share for the quarter, missing the consensus estimate of $2.28 by ($0.05). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The firm had revenue of $51.87 billion for the quarter, compared to analysts’ expectations of $52.31 billion. During the same quarter last year, the firm posted $2.17 earnings per share. Research analysts predict that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.13%. Microsoft’s payout ratio is 25.73%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on MSFT. Stifel Nicolaus cut their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating on the stock in a report on Wednesday, July 27th. Credit Suisse Group set a $400.00 target price on shares of Microsoft in a report on Tuesday, July 26th. Mizuho dropped their target price on shares of Microsoft from $350.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, July 19th. Redburn Partners started coverage on shares of Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 target price on the stock. Finally, KeyCorp dropped their target price on shares of Microsoft from $373.00 to $330.00 and set an “overweight” rating on the stock in a report on Thursday, July 7th. Three equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $332.77.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.05% of the stock is owned by corporate insiders.

Microsoft 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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