Janiczek Wealth Management LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Janiczek Wealth Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,024 shares of the software giant’s stock after buying an additional 688 shares during the period. Microsoft comprises approximately 0.8% of Janiczek Wealth Management LLC’s investment portfolio, making the stock its 19th biggest position. Janiczek Wealth Management LLC’s holdings in Microsoft were worth $2,814,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. KRS Capital Management LLC boosted its holdings 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 valued at $1,474,000 after purchasing an additional 218 shares during the period. Phoenix Wealth Advisors lifted its holdings in 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 buying an additional 343 shares during the period. Jmac Enterprises LLC lifted its holdings in 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 buying an additional 169 shares during the period. ARGI Investment Services LLC lifted its holdings in 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 buying an additional 3,358 shares during the period. Finally, First PREMIER Bank lifted its holdings in 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 buying an additional 79 shares during the period. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on MSFT shares. Cowen lowered their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Morgan Stanley lowered their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Moffett Nathanson began coverage on Microsoft in a research report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price target on the stock. Raymond James reduced their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Barclays set a $296.00 price target on Microsoft in a research report on Tuesday, November 1st. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Stock Performance

Shares of MSFT stock opened at $241.22 on Friday. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.99, a P/E/G ratio of 2.33 and a beta of 0.92. The firm has a 50 day moving average of $237.85 and a two-hundred day moving average of $256.37. Microsoft Co. has a 52 week low of $213.43 and a 52 week 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.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations 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 period in the previous year, the company earned $2.27 EPS. On average, research analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s payout ratio is 29.31%.

About Microsoft

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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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