Microsoft Co. (NASDAQ:MSFT) Position Raised by IHT Wealth Management LLC

IHT Wealth Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 20.0% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,445 shares of the software giant’s stock after buying an additional 15,401 shares during the period. Microsoft accounts for approximately 1.6% of IHT Wealth Management LLC’s portfolio, making the stock its 7th largest holding. IHT Wealth Management LLC’s holdings in Microsoft were worth $21,530,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new stake in Microsoft during the first quarter valued at about $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new stake in Microsoft during the second quarter valued at about $104,000. Morgan Dempsey Capital Management LLC purchased a new stake in Microsoft during the third quarter valued at about $82,000. Finally, Avondale Wealth Management raised its position in Microsoft by 58.6% during the third quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on MSFT shares. Stifel Nicolaus lowered their price target on Microsoft from $290.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday, January 25th. Oppenheimer lifted their price objective on Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a report on Wednesday, February 8th. StockNews.com began coverage on Microsoft in a report on Thursday. They issued a “hold” rating on the stock. The Goldman Sachs Group set a $315.00 price objective on Microsoft in a report on Wednesday, January 25th. Finally, Jefferies Financial Group set a $310.00 price objective on Microsoft in a report on Monday, February 27th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $285.58.

Microsoft Stock Performance

Shares of MSFT opened at $276.20 on Friday. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The business’s 50 day moving average price is $251.22 and its 200-day moving average price is $245.45. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The stock has a market cap of $2.06 trillion, a P/E ratio of 30.69, a P/E/G ratio of 2.33 and a beta of 0.92.

Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same period in the previous year, the firm posted $2.48 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.98%. Microsoft’s dividend payout ratio is currently 30.22%.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.