Newman & Schimel LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Newman & Schimel LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 8.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 3,434 shares of the software giant’s stock after purchasing an additional 275 shares during the period. Microsoft accounts for 0.4% of Newman & Schimel LLC’s portfolio, making the stock its 22nd biggest position. Newman & Schimel LLC’s holdings in Microsoft were worth $800,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently modified their holdings of the business. DGS Capital Management LLC lifted its position in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in 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 Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the last quarter. Powell Investment Advisors LLC grew its holdings in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $242.58 on Tuesday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a fifty day simple moving average of $241.72 and a two-hundred day simple moving average of $249.71. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.81 trillion, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, topping the consensus estimate of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the firm posted $2.27 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is 29.31%.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 24,144 shares of the firm’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 sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on MSFT shares. Evercore ISI lowered their price target on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. Raymond James dropped their price target on Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Wolfe Research reduced their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Citigroup dropped their target price on Microsoft from $282.00 to $280.00 and set a “buy” rating for the company in a report on Thursday, January 19th. Finally, Stifel Nicolaus reduced their price target on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $287.79.

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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