Tsfg LLC Acquires 359 Shares of Microsoft Co. (NASDAQ:MSFT)

Tsfg LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 11,041 shares of the software giant’s stock after acquiring an additional 359 shares during the period. Microsoft makes up 1.2% of Tsfg LLC’s holdings, making the stock its 20th largest position. Tsfg LLC’s holdings in Microsoft were worth $2,571,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the 1st quarter valued at $28,000. Newfound Research LLC boosted its stake in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. acquired a new position in Microsoft in the 2nd quarter worth $82,000. Morgan Dempsey Capital Management LLC acquired a new position in Microsoft in the 3rd quarter worth $82,000. Finally, Avondale Wealth Management boosted its stake in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. Institutional investors own 69.15% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $235.77 on Thursday. The company’s 50 day moving average price is $240.54 and its two-hundred day moving average price is $251.09. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $323.41. The firm has a market cap of $1.76 trillion, a PE ratio of 25.41, a PEG ratio of 2.23 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

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, topping analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm 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 posted $2.27 EPS. The business’s revenue was up 10.6% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.15%. Microsoft’s dividend payout ratio is 29.31%.

Analysts Set New Price Targets

MSFT has been the subject of a number of research analyst reports. Wedbush reduced their target price on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Cowen reduced their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Evercore ISI reduced their target price on shares of Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. Finally, Rosenblatt Securities reduced their price objective on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research note on Thursday, October 27th. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $293.09.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by company insiders.

Microsoft 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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