Avantax Advisory Services Inc. Buys 9,113 Shares of Microsoft Co. (NASDAQ:MSFT)

Avantax Advisory Services Inc. raised its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.4% in the second quarter, Holdings Channel.com reports. The firm owned 215,129 shares of the software giant’s stock after acquiring an additional 9,113 shares during the period. Microsoft makes up approximately 0.8% of Avantax Advisory Services Inc.’s holdings, making the stock its 16th largest holding. Avantax Advisory Services Inc.’s holdings in Microsoft were worth $55,252,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. KRS Capital Management LLC boosted its holdings in Microsoft by 4.8% in the 1st quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock valued at $1,474,000 after purchasing an additional 218 shares during the period. Phoenix Wealth Advisors boosted its holdings in Microsoft by 2.0% in the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares during the period. Jmac Enterprises LLC boosted its holdings in Microsoft by 1.0% in the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after purchasing an additional 169 shares during the period. Dfpg Investments LLC boosted its holdings in Microsoft by 22.9% in the 1st quarter. Dfpg Investments LLC now owns 27,038 shares of the software giant’s stock valued at $7,585,000 after purchasing an additional 5,030 shares during the period. Finally, Allworth Financial LP boosted its holdings in Microsoft by 41.4% in the 1st quarter. Allworth Financial LP now owns 147,385 shares of the software giant’s stock valued at $45,441,000 after purchasing an additional 43,189 shares during the period. 69.29% of the stock is owned by institutional investors.

Microsoft Stock Up 1.7 %

Shares of NASDAQ MSFT opened at $247.11 on Monday. The firm’s 50-day moving average is $239.49 and its 200-day moving average is $257.65. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $349.67. The firm has a market capitalization of $1.84 trillion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 2.34 and a beta of 0.92. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter last year, the firm earned $2.27 EPS. Microsoft’s quarterly revenue was up 10.6% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio (DPR) is presently 26.72%.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent research reports. StockNews.com initiated coverage on shares of Microsoft in a research note on Wednesday, October 12th. They issued a “buy” rating for the company. Jefferies Financial Group dropped their price objective on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Oppenheimer dropped their price objective on shares of Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Citigroup dropped their price objective on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Finally, Guggenheim initiated coverage on shares of Microsoft in a research note on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Three equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Profile

(Get Rating)

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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