Janney Capital Management LLC Acquires 2,097 Shares of Microsoft Co. (NASDAQ:MSFT)

Janney Capital Management LLC grew its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,055 shares of the software giant’s stock after acquiring an additional 2,097 shares during the period. Microsoft comprises approximately 2.2% of Janney Capital Management LLC’s portfolio, making the stock its 4th largest position. Janney Capital Management LLC’s holdings in Microsoft were worth $27,029,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of MSFT. DGS Capital Management LLC grew its stake in shares of Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd lifted its holdings in Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its position in shares of 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 acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC raised its position in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in 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 purchasing an additional 512 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Judson Althoff sold 24,144 shares of the company’s 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 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 filing with the SEC, which is available through this link. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on MSFT. Wedbush dropped their price target on shares of Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Guggenheim cut shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price target for the company. in a research report on Tuesday, January 17th. Oppenheimer dropped their price objective on Microsoft from $275.00 to $265.00 in a report on Wednesday, October 26th. Cowen cut their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, The Goldman Sachs Group set a $315.00 target price on 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 issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $287.79.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $242.04 on Wednesday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The business’s 50 day simple moving average is $241.72 and its 200-day simple moving average is $249.53. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.02. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the prior year, the company earned $2.48 earnings per share. Microsoft’s revenue was up 2.0% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders 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 1.12%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.

Microsoft Company Profile

(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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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