Microsoft Co. (NASDAQ:MSFT) Shares Purchased by TFG Advisers LLC

TFG Advisers LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,142 shares of the software giant’s stock after acquiring an additional 453 shares during the quarter. Microsoft comprises approximately 3.9% of TFG Advisers LLC’s holdings, making the stock its 2nd largest position. TFG Advisers LLC’s holdings in Microsoft were worth $7,578,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. San Francisco Sentry Investment Group CA lifted its stake in Microsoft by 1.6% in the first quarter. San Francisco Sentry Investment Group CA now owns 28,777 shares of the software giant’s stock valued at $6,784,000 after acquiring an additional 452 shares during the last quarter. Mosaic Advisors LLC lifted its stake in Microsoft by 84.3% in the first quarter. Mosaic Advisors LLC now owns 6,599 shares of the software giant’s stock valued at $1,556,000 after acquiring an additional 3,019 shares during the last quarter. Parsec Financial Management Inc. lifted its stake in shares of Microsoft by 0.4% in the first quarter. Parsec Financial Management Inc. now owns 342,395 shares of the software giant’s stock worth $80,726,000 after buying an additional 1,245 shares during the last quarter. Jag Capital Management LLC lifted its stake in shares of Microsoft by 1.1% in the first quarter. Jag Capital Management LLC now owns 244,716 shares of the software giant’s stock worth $57,696,000 after buying an additional 2,638 shares during the last quarter. Finally, CENTRAL TRUST Co lifted its stake in shares of Microsoft by 0.5% in the first quarter. CENTRAL TRUST Co now owns 293,796 shares of the software giant’s stock worth $69,268,000 after buying an additional 1,583 shares during the last quarter. Hedge funds and other institutional investors own 69.01% of the company’s stock.

Shares of NASDAQ:MSFT opened at $246.23 on Wednesday. Microsoft Co. has a 12 month low of $175.68 and a 12 month high of $263.19. The company’s 50-day moving average price is $250.16 and its two-hundred day moving average price is $230.37. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. The firm has a market cap of $1.85 trillion, a P/E ratio of 39.78, a P/E/G ratio of 2.44 and a beta of 0.83.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, April 27th. The software giant reported $1.95 EPS for the quarter, topping analysts’ consensus estimates of $1.76 by $0.19. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. The firm had revenue of $41.71 billion for the quarter, compared to analyst estimates of $40.83 billion. During the same quarter in the prior year, the firm earned $1.40 EPS. The company’s revenue was up 19.1% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 6.73 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 10th. Shareholders of record on Thursday, May 20th will be issued a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, May 19th. Microsoft’s dividend payout ratio is currently 38.89%.

In other Microsoft news, CMO Christopher C. Capossela sold 6,086 shares of the company’s stock in a transaction dated Friday, May 7th. The shares were sold at an average price of $252.66, for a total transaction of $1,537,688.76. Following the transaction, the chief marketing officer now directly owns 92,119 shares in the company, valued at approximately $23,274,786.54. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Emma N. Walmsley bought 4,300 shares of the business’s stock in a transaction on Wednesday, March 10th. The shares were acquired at an average price of $236.80 per share, for a total transaction of $1,018,240.00. Following the completion of the transaction, the director now owns 5,026 shares in the company, valued at approximately $1,190,156.80. The disclosure for this purchase can be found here. 0.05% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the stock. Oppenheimer boosted their price objective on shares of Microsoft from $260.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 27th. Wedbush boosted their price objective on shares of Microsoft from $300.00 to $310.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 28th. Jefferies Financial Group set a $300.00 price objective on shares of Microsoft and gave the stock a “buy” rating in a research note on Monday, April 12th. Pritchard Capital upped their target price on shares of Microsoft from $272.00 to $292.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. Finally, Evercore ISI upped their target price on shares of Microsoft from $260.00 to $300.00 in a research note on Wednesday, January 27th. Two investment analysts have rated the stock with a hold rating, thirty have issued a buy rating and two have assigned a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and an average price target of $286.80.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions 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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