Sowa Financial Group Inc. purchased a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,483 shares of the software giant’s stock, valued at approximately $2,442,000. Microsoft makes up approximately 1.9% of Sowa Financial Group Inc.’s portfolio, making the stock its 17th largest position.
Several other institutional investors have also recently added to or reduced their stakes in MSFT. Aaron Wealth Advisors LLC raised its holdings in Microsoft by 35,465.9% in the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after acquiring an additional 20,553,188 shares in the last quarter. Vanguard Group Inc. raised its holdings in Microsoft by 0.9% in the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after acquiring an additional 5,648,095 shares in the last quarter. Bishop Rock Capital L.P. raised its holdings in Microsoft by 11,434.2% in the second quarter. Bishop Rock Capital L.P. now owns 5,460,976 shares of the software giant’s stock valued at $21,263,000 after acquiring an additional 5,413,630 shares in the last quarter. Renaissance Technologies LLC acquired a new stake in shares of Microsoft during the second quarter worth $981,125,000. Finally, Swiss National Bank raised its holdings in shares of 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 during the period. 69.15% of the stock is owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $242.04 on Wednesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a PEG ratio of 2.36 and a beta of 0.94. The firm has a 50-day moving average of $241.72 and a two-hundred day moving average of $249.53.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio is presently 29.31%.
Analysts Set New Price Targets
A number of brokerages have weighed in on MSFT. Macquarie began coverage on shares of Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price on the stock. The Goldman Sachs Group set a $315.00 target price on shares of Microsoft in a report on Tuesday, January 17th. Stifel Nicolaus dropped their target price on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Cowen dropped their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Finally, Fundamental Research dropped their target price on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. One investment 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 company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $287.79.
Insider Buying and Selling at Microsoft
In other Microsoft 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 sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.03% of the company’s stock.
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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