Fiducient Advisors LLC Buys 6,811 Shares of Microsoft Co. (NASDAQ:MSFT)

Fiducient Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 167.1% during the second quarter, Holdings Channel.com reports. The institutional investor owned 10,886 shares of the software giant’s stock after acquiring an additional 6,811 shares during the quarter. Microsoft comprises approximately 1.1% of Fiducient Advisors LLC’s investment portfolio, making the stock its 15th largest position. Fiducient Advisors LLC’s holdings in Microsoft were worth $2,796,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. University of Texas Texas AM Investment Managment Co. grew 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 valued at $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the first quarter worth $28,000. Newfound Research LLC grew its holdings in shares of Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after buying an additional 60 shares during the period. Darrow Company Inc. bought a new stake in shares of Microsoft in the 2nd quarter valued at $82,000. Finally, Evolution Advisers Inc. raised its stake in Microsoft by 36.4% during the 1st quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock worth $105,000 after buying an additional 91 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now directly 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 is available at this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on MSFT. Credit Suisse Group lowered their price target on Microsoft from $400.00 to $365.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Moffett Nathanson initiated coverage on shares of Microsoft in a research note on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price target on the stock. Macquarie began 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. Royal Bank of Canada cut their price objective on shares of Microsoft from $380.00 to $310.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, Wedbush lowered their target price on Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $300.64.

Microsoft Trading Up 1.0 %

MSFT stock opened at $247.58 on Friday. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30. The stock has a market cap of $1.85 trillion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. The company has a fifty day moving average price of $237.12 and a two-hundred day moving average price of $255.62. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly 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. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the prior year, the business earned $2.27 EPS. Microsoft’s quarterly revenue was up 10.6% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders 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 yield of 1.10%. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is currently 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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