Microsoft Co. (NASDAQ:MSFT) Stock Position Increased by United Asset Strategies Inc.

United Asset Strategies Inc. raised its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 87,507 shares of the software giant’s stock after buying an additional 1,881 shares during the quarter. Microsoft comprises about 3.1% of United Asset Strategies Inc.’s investment portfolio, making the stock its 3rd biggest holding. United Asset Strategies Inc.’s holdings in Microsoft were worth $20,380,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the stock. Phoenix Wealth Advisors grew its position in Microsoft by 2.0% during the 2nd quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares during the last quarter. Jmac Enterprises LLC lifted its stake in shares of Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after buying an additional 169 shares in the last quarter. ARGI Investment Services LLC grew its holdings in shares of Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after buying an additional 3,358 shares during the last quarter. First PREMIER Bank increased its position in shares of Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after acquiring an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC raised its holdings in Microsoft by 4.9% in 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 during the last quarter. 69.15% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $231.93 on Friday. The company has a market cap of $1.73 trillion, a P/E ratio of 24.99, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. 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 firm’s fifty day moving average is $241.84 and its two-hundred day moving average is $250.23.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the business earned $2.27 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.17%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio is presently 29.31%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft 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 completion of the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MSFT. Barclays reduced their target price on Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. Guggenheim cut shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price on the stock. in a research note on Tuesday. DA Davidson began coverage on shares of Microsoft in a research note on Wednesday, January 4th. They issued a “buy” rating and a $270.00 price target for the company. Wells Fargo & Company lowered their price objective on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Finally, Rosenblatt Securities cut their target price on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a research report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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