Main Street Financial Solutions LLC Purchases 251 Shares of Microsoft Co. (NASDAQ:MSFT)

Main Street Financial Solutions LLC boosted its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,224 shares of the software giant’s stock after purchasing an additional 251 shares during the period. Microsoft makes up approximately 0.8% of Main Street Financial Solutions LLC’s investment portfolio, making the stock its 26th biggest holding. Main Street Financial Solutions LLC’s holdings in Microsoft were worth $4,932,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter valued at $28,000. Newfound Research LLC grew its holdings in shares of Microsoft by 25.4% in the second 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 last quarter. Darrow Company Inc. purchased a new position in Microsoft in the 2nd quarter worth about $82,000. Morgan Dempsey Capital Management LLC bought a new stake in Microsoft during the 3rd quarter valued at about $82,000. Finally, Avondale Wealth Management boosted its position in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after buying an additional 150 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Stock Down 1.6 %

Microsoft stock opened at $231.93 on Friday. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The company has a market cap of $1.73 trillion, a PE ratio of 24.99, a PEG ratio of 2.35 and a beta of 0.94. 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 business’s 50-day simple moving average is $241.84 and its two-hundred day simple moving average is $250.23.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. 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 firm earned $2.27 earnings per share. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 1.17%. Microsoft’s dividend payout ratio is presently 29.31%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction dated Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, 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 link. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Macquarie assumed coverage on shares of Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target for the company. Citigroup lowered their target price on Microsoft from $282.00 to $280.00 and set a “buy” rating for the company in a report on Thursday. Evercore ISI cut their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday. BMO Capital Markets lowered their price objective on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a report on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $288.33.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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