Microsoft Co. (NASDAQ:MSFT) Stock Position Boosted by United Asset Strategies Inc.

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United Asset Strategies Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 80,264 shares of the software giant’s stock after purchasing an additional 1,504 shares during the period. Microsoft accounts for approximately 2.5% of United Asset Strategies Inc.’s investment portfolio, making the stock its 6th largest holding. United Asset Strategies Inc.’s holdings in Microsoft were worth $10,752,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of MSFT. Orgel Wealth Management LLC raised its position in Microsoft by 1.2% during the second quarter. Orgel Wealth Management LLC now owns 6,492 shares of the software giant’s stock valued at $870,000 after acquiring an additional 74 shares in the last quarter. Planning Directions Inc. raised its position in Microsoft by 3.2% during the second quarter. Planning Directions Inc. now owns 2,418 shares of the software giant’s stock valued at $324,000 after acquiring an additional 74 shares in the last quarter. Weybosset Research & Management LLC raised its position in Microsoft by 2.1% during the second quarter. Weybosset Research & Management LLC now owns 3,625 shares of the software giant’s stock valued at $486,000 after acquiring an additional 75 shares in the last quarter. Harvey Investment Co. LLC raised its position in Microsoft by 0.4% during the second quarter. Harvey Investment Co. LLC now owns 18,085 shares of the software giant’s stock valued at $2,423,000 after acquiring an additional 80 shares in the last quarter. Finally, Ironwood Financial llc raised its position in Microsoft by 6.3% during the second quarter. Ironwood Financial llc now owns 1,357 shares of the software giant’s stock valued at $182,000 after acquiring an additional 80 shares in the last quarter. Institutional investors own 72.49% of the company’s stock.

In other news, insider Frank H. Brod sold 4,000 shares of the company’s stock in a transaction on Monday, July 29th. The stock was sold at an average price of $141.05, for a total value of $564,200.00. Following the transaction, the insider now owns 64,152 shares of the company’s stock, valued at approximately $9,048,639.60. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 15,947 shares of the company’s stock in a transaction on Monday, June 10th. The shares were sold at an average price of $133.17, for a total value of $2,123,661.99. Following the completion of the transaction, the executive vice president now directly owns 202,518 shares in the company, valued at approximately $26,969,322.06. The disclosure for this sale can be found here. In the last ninety days, insiders sold 33,819 shares of company stock worth $4,603,450. Corporate insiders own 1.38% of the company’s stock.

Several research analysts recently weighed in on the company. Oppenheimer lifted their price target on Microsoft from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, July 19th. Credit Suisse Group set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus lifted their price target on Microsoft from $150.00 to $155.00 and gave the company a “buy” rating in a research report on Friday, July 19th. Goldman Sachs Group set a $151.00 price target on Microsoft and gave the company a “buy” rating in a research report on Friday, July 19th. Finally, Deutsche Bank set a $155.00 price target on Microsoft and gave the company a “buy” rating in a research report on Wednesday, July 17th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, twenty-eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $149.21.

NASDAQ MSFT opened at $134.22 on Wednesday. The stock’s fifty day moving average is $137.32 and its two-hundred day moving average is $126.25. The firm has a market capitalization of $1,018.49 billion, a P/E ratio of 28.26, a price-to-earnings-growth ratio of 2.32 and a beta of 1.23. The company has a debt-to-equity ratio of 0.71, a quick ratio of 2.50 and a current ratio of 2.53. Microsoft Co. has a fifty-two week low of $93.96 and a fifty-two week high of $141.68.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, July 18th. The software giant reported $1.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.21 by $0.16. Microsoft had a return on equity of 39.26% and a net margin of 31.18%. The business had revenue of $33.72 billion for the quarter, compared to analyst estimates of $32.80 billion. During the same quarter in the prior year, the company posted $1.13 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 5.22 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.46 dividend. This represents a $1.84 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Wednesday, August 14th. Microsoft’s dividend payout ratio (DPR) is presently 38.74%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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