EWG Elevate Inc. Purchases 53 Shares of Microsoft Co. (NASDAQ:MSFT)

EWG Elevate Inc. raised its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,089 shares of the software giant’s stock after purchasing an additional 53 shares during the quarter. EWG Elevate Inc.’s holdings in Microsoft were worth $1,307,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. KB Financial Partners LLC increased its position in shares of Microsoft by 0.5% in the 4th quarter. KB Financial Partners LLC now owns 7,148 shares of the software giant’s stock valued at $2,404,000 after buying an additional 35 shares in the last quarter. Valtinson Bruner Financial Planning LLC increased its position in shares of Microsoft by 0.9% in the 1st quarter. Valtinson Bruner Financial Planning LLC now owns 4,238 shares of the software giant’s stock valued at $1,186,000 after buying an additional 37 shares in the last quarter. Strategic Asset Management LLC increased its position in shares of Microsoft by 5.9% in the 1st quarter. Strategic Asset Management LLC now owns 659 shares of the software giant’s stock valued at $203,000 after buying an additional 37 shares in the last quarter. Virginia Wealth Management Group Inc. increased its position in shares of Microsoft by 0.3% in the 1st quarter. Virginia Wealth Management Group Inc. now owns 12,676 shares of the software giant’s stock valued at $3,830,000 after buying an additional 37 shares in the last quarter. Finally, Northwest Wealth Management LLC increased its position in shares of Microsoft by 0.8% in the 1st quarter. Northwest Wealth Management LLC now owns 4,536 shares of the software giant’s stock valued at $1,399,000 after buying an additional 37 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Stifel Nicolaus lowered their target price on Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Fundamental Research reiterated a “hold” rating and set a $280.50 target price on shares of Microsoft in a report on Wednesday, August 3rd. Barclays lowered their target price on Microsoft from $363.00 to $335.00 and set an “overweight” rating for the company in a report on Friday, June 10th. Wedbush lowered their target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a report on Wednesday, July 27th. Finally, Moffett Nathanson initiated coverage on Microsoft in a report on Thursday. They set a “hold” rating and a $285.00 target price for the company. Three research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $332.77.

Microsoft Stock Up 0.8 %

Shares of MSFT opened at $240.98 on Friday. Microsoft Co. has a 12 month low of $237.57 and a 12 month high of $349.67. The firm’s 50 day moving average is $267.65 and its 200-day moving average is $272.65. The stock has a market capitalization of $1.80 trillion, a PE ratio of 25.00, a P/E/G ratio of 2.04 and a beta of 0.94. The company has a current ratio of 1.78, a quick ratio of 1.75 and a debt-to-equity ratio of 0.28.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.05). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The business had revenue of $51.87 billion for the quarter, compared to the consensus estimate of $52.31 billion. During the same period in the prior year, the business posted $2.17 earnings per share. Equities research analysts forecast that Microsoft Co. will post 10.15 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a dividend of $0.68 per share. The ex-dividend date is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s dividend payout ratio (DPR) is currently 25.73%.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction that occurred on Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.

Microsoft Company Profile

(Get Rating)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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