Matrix Trust Co lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 41.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,910 shares of the software giant’s stock after buying an additional 1,142 shares during the quarter. Matrix Trust Co’s holdings in Microsoft were worth $911,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of MSFT. Walled Lake Planning & Wealth Management LLC increased its holdings 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 buying an additional 38 shares during the last quarter. Financial Advisors Network Inc. increased its holdings in shares of Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the last quarter. Donoghue Forlines LLC increased its holdings in shares of Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares during the last quarter. Rovin Capital UT ADV increased its holdings in shares of Microsoft by 1.1% in the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after purchasing an additional 40 shares during the last quarter. Finally, Fountainhead AM LLC increased its holdings in shares of Microsoft by 1.0% in the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 41 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.
Wall Street Analyst Weigh In
Several research firms recently commented on MSFT. Piper Sandler decreased their price target on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research note on Monday, January 9th. Credit Suisse Group set a $365.00 price target on shares of Microsoft in a research note on Friday, December 9th. Stifel Nicolaus decreased their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research note on Wednesday, October 26th. Mizuho decreased their price target on shares of Microsoft from $305.00 to $290.00 and set a “buy” rating on the stock in a research note on Friday, January 20th. Finally, Royal Bank of Canada set a $285.00 price target on shares of Microsoft in a research note on Wednesday, January 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $287.79.
Microsoft Stock Down 0.2 %
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.02. The business had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter last year, the business earned $2.48 EPS. On average, research analysts forecast that Microsoft Co. will post 9.51 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.
Insider Activity at Microsoft
In related 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 completion of the transaction, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.03% of the stock is owned by company insiders.
Microsoft Company Profile
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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