Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp grew its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 26,122 shares of the software giant’s stock after purchasing an additional 561 shares during the quarter. Microsoft makes up approximately 3.7% of MADDEN SECURITIES Corp’s holdings, making the stock its 3rd biggest position. MADDEN SECURITIES Corp’s holdings in Microsoft were worth $6,709,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. DGS Capital Management LLC raised its stake in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd raised its stake in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the period. Essex LLC lifted its holdings in Microsoft by 194.4% during the first quarter. Essex LLC now owns 14,230 shares of the software giant’s stock valued at $4,387,000 after purchasing an additional 9,396 shares in the last quarter. Blossom Wealth Management boosted its position in shares of Microsoft by 7.3% in the first quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock worth $816,000 after purchasing an additional 181 shares during the period. Finally, PBMares Wealth Management LLC increased its stake in shares of Microsoft by 8.6% in the first quarter. PBMares Wealth Management LLC now owns 10,616 shares of the software giant’s stock worth $3,273,000 after purchasing an additional 841 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Guggenheim began coverage on shares of Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 target price for the company. Cowen dropped their price objective on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Mizuho decreased their target price on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Wells Fargo & Company dropped their price target on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $305.00 to $275.00 in a research 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. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $300.64.

Microsoft Price Performance

MSFT stock opened at $247.58 on Friday. 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 $344.30. The stock has a market cap of $1.85 trillion, a PE ratio of 26.68, a P/E/G ratio of 2.36 and a beta of 0.92. The company has a 50-day moving average price of $237.12 and a 200 day moving average price of $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating 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 business had revenue of $50.12 billion during the quarter, compared to analyst estimates of $49.70 billion. During the same quarter in the previous year, the business earned $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.62 earnings per share 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 given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. This is an increase 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 (DPR) is 29.31%.

Microsoft Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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