TFC Financial Management Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

TFC Financial Management grew its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 5.6% during the third quarter, HoldingsChannel.com reports. The fund owned 13,490 shares of the software giant’s stock after purchasing an additional 714 shares during the quarter. Microsoft makes up about 1.0% of TFC Financial Management’s portfolio, making the stock its 15th biggest holding. TFC Financial Management’s holdings in Microsoft were worth $3,142,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Phoenix Wealth Advisors grew its holdings in Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after acquiring an additional 343 shares in the last quarter. Jmac Enterprises LLC grew its holdings in Microsoft by 1.0% during the 2nd quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares in the last quarter. ARGI Investment Services LLC grew its holdings in Microsoft by 9.9% during the 2nd quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares in the last quarter. First PREMIER Bank grew its holdings in Microsoft by 0.3% during the 2nd quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC grew its holdings in Microsoft by 4.9% during the 2nd quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after acquiring an additional 1,261 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

MSFT opened at $239.23 on Tuesday. The stock has a fifty day moving average of $241.60 and a 200-day moving average of $250.60. The firm has a market capitalization of $1.78 trillion, a P/E ratio of 25.78, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. 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 posted its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share 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 business had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the prior year, the business posted $2.27 earnings per share. Microsoft’s revenue for the quarter was up 10.6% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. JPMorgan Chase & Co. decreased their price target on shares of Microsoft from $305.00 to $275.00 in a report on Wednesday, October 26th. Credit Suisse Group set a $365.00 price target on shares of Microsoft in a report on Friday, December 9th. 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. Finally, Citigroup reduced their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $293.09.

Insider Transactions at Microsoft

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

About Microsoft

(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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