Border to Coast Pensions Partnership Ltd Purchases 89,446 Shares of Microsoft Co. (NASDAQ:MSFT)

Border to Coast Pensions Partnership Ltd grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 9.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,040,723 shares of the software giant’s stock after purchasing an additional 89,446 shares during the quarter. Microsoft comprises about 3.5% of Border to Coast Pensions Partnership Ltd’s portfolio, making the stock its 3rd biggest holding. Border to Coast Pensions Partnership Ltd’s holdings in Microsoft were worth $180,727,939,000 as of its most recent filing with the Securities & Exchange Commission.

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

Microsoft Stock Up 0.3 %

MSFT stock opened at $242.05 on Tuesday. Microsoft Co. has a twelve month low of $213.43 and a twelve 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 stock’s 50 day moving average is $237.35 and its 200-day moving average is $255.89. The firm has a market capitalization of $1.80 trillion, a PE ratio of 26.08, a P/E/G ratio of 2.32 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter last year, the company earned $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, November 16th. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on MSFT shares. Wolfe Research lowered their target price on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Oppenheimer decreased their price target on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Morgan Stanley decreased their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. BMO Capital Markets decreased their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Wedbush decreased their price target on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Three equities research 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, Microsoft has an average rating of “Moderate Buy” and an average price target of $300.64.

Insider Activity

In other news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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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