Ferguson Shapiro LLC Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Ferguson Shapiro LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 11.9% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,192 shares of the software giant’s stock after buying an additional 339 shares during the quarter. Microsoft makes up 0.5% of Ferguson Shapiro LLC’s holdings, making the stock its 22nd biggest holding. Ferguson Shapiro LLC’s holdings in Microsoft were worth $820,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Northwest Wealth Management LLC raised its stake in Microsoft by 0.8% during the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock worth $1,399,000 after acquiring an additional 37 shares during the period. Flynn Zito Capital Management LLC raised its stake in Microsoft by 0.4% during the first quarter. Flynn Zito Capital Management LLC now owns 10,532 shares of the software giant’s stock worth $3,247,000 after acquiring an additional 38 shares during the period. Trinity Financial Advisors LLC raised its stake in Microsoft by 0.9% during the first quarter. Trinity Financial Advisors LLC now owns 4,636 shares of the software giant’s stock worth $1,429,000 after acquiring an additional 40 shares during the period. Atlas Financial Advisors Inc. raised its stake in Microsoft by 3.3% during the first quarter. Atlas Financial Advisors Inc. now owns 1,267 shares of the software giant’s stock worth $391,000 after acquiring an additional 40 shares during the period. Finally, Personal Wealth Partners raised its stake in Microsoft by 1.9% during the first quarter. Personal Wealth Partners now owns 2,286 shares of the software giant’s stock worth $705,000 after acquiring an additional 42 shares during the period. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction 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 in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Oppenheimer decreased their target price on shares of Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. Jefferies Financial Group decreased their target price on shares of Microsoft from $275.00 to $270.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Evercore ISI decreased their target price on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, UBS Group set a $300.00 target price on shares of Microsoft in a research report on Monday, November 14th. Three 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.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $300.64.

Microsoft Stock Down 0.2 %

MSFT stock opened at $241.22 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $349.67. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.80 trillion, a price-to-earnings ratio of 25.99, a PEG ratio of 2.33 and a beta of 0.92. The company has a 50 day moving average of $237.85 and a two-hundred day moving average of $256.55.

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

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders 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 dividend yield of 1.13%. Microsoft’s dividend payout ratio is 29.31%.

About Microsoft

(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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