Motive Wealth Advisors Purchases 287 Shares of Microsoft Co. (NASDAQ:MSFT)

Motive Wealth Advisors boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 10.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,942 shares of the software giant’s stock after acquiring an additional 287 shares during the period. Motive Wealth Advisors’ holdings in Microsoft were worth $756,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. University of Texas Texas AM Investment Managment Co. boosted its holdings in 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 buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. bought a new position in Microsoft during the first quarter worth about $28,000. Tobam boosted its holdings in Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after buying an additional 154 shares during the last quarter. Newfound Research LLC boosted its holdings in Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares during the last quarter. Finally, Darrow Company Inc. bought a new position in Microsoft during the second quarter worth about $82,000. Institutional investors own 69.29% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Morgan Stanley reduced their target price on Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Barclays set a $296.00 price target on Microsoft in a research report on Tuesday, November 1st. Wells Fargo & Company dropped their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Moffett Nathanson initiated 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. Three analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Transactions 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 stock was 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 in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $241.22 on Monday. 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 Co. has a 12 month low of $213.43 and a 12 month high of $349.67. The stock has a 50 day moving average of $237.85 and a 200-day moving average of $256.14. The company has a market capitalization of $1.80 trillion, a P/E ratio of 25.99, a P/E/G ratio of 2.32 and a beta of 0.92.

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

Microsoft Increases Dividend

The firm also recently announced 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 an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s payout ratio is currently 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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