Microsoft Co. (NASDAQ:MSFT) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 7,105,609 shares of the software giant’s stock after purchasing an additional 319,905 shares during the period. Microsoft makes up approximately 1.0% of Envestnet Asset Management Inc.’s portfolio, making the stock its 14th biggest holding. Envestnet Asset Management Inc. owned 0.10% of Microsoft worth $1,824,934,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Northwest Wealth Management LLC increased its stake in Microsoft by 0.8% in the first quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after purchasing an additional 37 shares during the period. Flynn Zito Capital Management LLC increased its stake in shares of 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 increased its stake in shares of 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. increased its stake in shares of 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 increased its stake in shares of 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 institutional investors and hedge funds.

Microsoft Trading Up 0.3 %

Shares of MSFT opened at $242.05 on Tuesday. Microsoft Co. has a one year low of $213.43 and a one year high of $349.67. The stock has a 50-day moving average price of $237.35 and a 200 day moving average price of $255.89. 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 P/E ratio of 26.08, a P/E/G ratio of 2.32 and a beta of 0.92.

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

Microsoft Increases Dividend

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

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’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 transaction of $1,331,250.00. Following the sale, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on MSFT shares. Itau BBA Securities started coverage on shares of Microsoft in a research note on Tuesday, July 26th. They set an “outperform” rating and a $287.00 price target on the stock. Fundamental Research lowered their target price on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Cowen lowered their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. lowered their target price on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. Finally, Piper Sandler lowered their target price on shares of Microsoft from $275.00 to $265.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $300.64.

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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