Matrix Asset Advisors Inc. NY Has $37.41 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Matrix Asset Advisors Inc. NY trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 160,640 shares of the software giant’s stock after selling 406 shares during the period. Microsoft accounts for about 6.1% of Matrix Asset Advisors Inc. NY’s investment portfolio, making the stock its biggest holding. Matrix Asset Advisors Inc. NY’s holdings in Microsoft were worth $37,413,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Walled Lake Planning & Wealth Management LLC raised its position in Microsoft by 0.5% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after acquiring an additional 38 shares in the last quarter. Financial Advisors Network Inc. raised its position in Microsoft by 1.1% during the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock worth $894,000 after acquiring an additional 39 shares in the last quarter. Donoghue Forlines LLC raised its position in Microsoft by 1.6% during the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock worth $667,000 after acquiring an additional 40 shares in the last quarter. Fountainhead AM LLC raised its position in Microsoft by 1.0% during the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock worth $1,078,000 after acquiring an additional 41 shares in the last quarter. Finally, Lokken Investment Group LLC raised its position in Microsoft by 0.3% during the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock worth $3,076,000 after acquiring an additional 41 shares in the last quarter. 69.15% of the stock is owned by institutional investors.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 3.6 %

Shares of Microsoft stock opened at $240.22 on Friday. The company has a market capitalization of $1.79 trillion, a price-to-earnings ratio of 25.89, a PEG ratio of 2.35 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 Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The firm’s 50-day moving average price is $241.70 and its two-hundred day moving average price is $250.10.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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 the consensus estimate of $49.70 billion. During the same period in the prior year, the company posted $2.27 earnings per share. The business’s revenue for the quarter was up 10.6% on a year-over-year basis. On average, analysts forecast that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.13%. Microsoft’s payout ratio is currently 29.31%.

Analyst Ratings Changes

Several research firms have issued reports on MSFT. UBS Group set a $250.00 price target on shares of Microsoft in a research report on Thursday. Evercore ISI dropped their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday. Fundamental Research dropped their price objective on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research report on Tuesday, November 8th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Piper Sandler dropped their price objective on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. One investment 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 company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $287.88.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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