Barber Financial Group Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 15.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,004 shares of the software giant’s stock after buying an additional 663 shares during the period. Barber Financial Group Inc.’s holdings in Microsoft were worth $1,166,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Aaron Wealth Advisors LLC raised its holdings in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after purchasing an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. raised its holdings in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after purchasing an additional 5,648,095 shares in the last quarter. Bishop Rock Capital L.P. raised its holdings in Microsoft by 11,434.2% during the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock worth $21,263,000 after purchasing an additional 5,413,630 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Microsoft during the second quarter worth approximately $981,125,000. Finally, Swiss National Bank raised its holdings in Microsoft by 13.8% during the first quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock worth $9,524,669,000 after purchasing an additional 3,757,500 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.
In other news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the transaction, the executive vice president now owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.03% of the stock is owned by company insiders.
Microsoft Stock Down 0.2 %
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.02. The firm 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 business’s revenue was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.48 EPS. As a group, analysts forecast that Microsoft Co. will post 9.51 earnings per share for the current 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 given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, February 15th. Microsoft’s dividend payout ratio is currently 29.31%.
Analyst Upgrades and Downgrades
Several equities research analysts recently commented on the company. Stifel Nicolaus dropped their target price on Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft dropped their price target on Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. The Goldman Sachs Group set a $315.00 price target on Microsoft in a report on Tuesday, January 17th. BMO Capital Markets dropped their price target on Microsoft from $270.00 to $267.00 and set an “outperform” rating on the stock in a report on Monday. Finally, Rosenblatt Securities dropped their price target on Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a report on Thursday, October 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $287.79.
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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