Assetmark Inc. Increases Stake in Microsoft Co. (NASDAQ:MSFT)

Assetmark Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 6.0% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 940,784 shares of the software giant’s stock after buying an additional 53,486 shares during the period. Microsoft comprises 1.1% of Assetmark Inc.’s portfolio, making the stock its 19th largest holding. Assetmark Inc.’s holdings in Microsoft were worth $241,622,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in MSFT. KRS Capital Management LLC increased its stake in shares of Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after purchasing an additional 218 shares in the last quarter. Phoenix Wealth Advisors boosted its position in shares of Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after acquiring an additional 343 shares during the last quarter. Jmac Enterprises LLC boosted its position in shares of Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares during the last quarter. ARGI Investment Services LLC boosted its position in shares of Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank boosted its position in shares of Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares during the last quarter. 69.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated 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 is available at the SEC website. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wedbush dropped their target price on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Itaú Unibanco started coverage on shares of Microsoft in a research report on Tuesday, July 26th. They set an “outperform” rating and a $287.00 target price for the company. StockNews.com started coverage on shares of Microsoft in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Macquarie started coverage on shares of Microsoft in a research report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Trading Down 0.2 %

NASDAQ MSFT opened at $241.22 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.99, a price-to-earnings-growth ratio of 2.33 and a beta of 0.92. The company’s 50-day simple moving average is $237.85 and its two-hundred day simple moving average is $256.37. Microsoft Co. has a one year low of $213.43 and a one year high of $349.67.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. The business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.27 EPS. Equities analysts forecast that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

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.

Featured Articles

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.