Diversified LLC Acquires 1,405 Shares of Microsoft Co. (NASDAQ:MSFT)

Diversified LLC raised its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 18.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,091 shares of the software giant’s stock after buying an additional 1,405 shares during the quarter. Microsoft accounts for approximately 1.1% of Diversified LLC’s holdings, making the stock its 17th biggest holding. Diversified LLC’s holdings in Microsoft were worth $2,117,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. DGS Capital Management LLC boosted its stake in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd boosted its stake in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Altus Wealth Group LLC boosted its stake in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC boosted its stake in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its position in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Cowen reduced their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $305.00 to $275.00 in a research report on Wednesday, October 26th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday. Royal Bank of Canada set a $285.00 price target on shares of Microsoft in a research report on Wednesday, January 18th. Finally, The Goldman Sachs Group set a $315.00 price target on shares of Microsoft in a research report on Tuesday, January 17th. One 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $287.88.

Microsoft Price Performance

Shares of MSFT opened at $240.22 on Monday. The stock has a market capitalization of $1.79 trillion, a P/E ratio of 25.89, a P/E/G ratio of 2.36 and a beta of 0.94. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The company has a 50 day moving average of $241.70 and a 200-day moving average of $249.89. 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 issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.06. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business’s quarterly revenue was up 10.6% on a year-over-year basis. During the same period last year, the business earned $2.27 EPS. As a group, equities research analysts forecast that Microsoft Co. will post 9.51 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is presently 29.31%.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.03% of the stock is currently owned by 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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