Vectors Research Management LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Vectors Research Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 3.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,370 shares of the software giant’s stock after acquiring an additional 896 shares during the quarter. Microsoft accounts for 2.1% of Vectors Research Management LLC’s portfolio, making the stock its 11th biggest holding. Vectors Research Management LLC’s holdings in Microsoft were worth $8,227,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Price T Rowe Associates Inc. MD grew its holdings in shares of Microsoft by 0.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 178,824,616 shares of the software giant’s stock valued at $42,161,479,000 after buying an additional 1,324,459 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Microsoft by 2.1% in the 1st quarter. Geode Capital Management LLC now owns 120,231,394 shares of the software giant’s stock worth $28,271,347,000 after purchasing an additional 2,433,232 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Microsoft by 2.0% during the first quarter. Bank of New York Mellon Corp now owns 84,365,516 shares of the software giant’s stock valued at $19,890,858,000 after purchasing an additional 1,652,275 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in Microsoft by 1.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 55,655,159 shares of the software giant’s stock worth $12,950,528,000 after buying an additional 868,951 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in Microsoft by 1.0% in the 2nd quarter. Alliancebernstein L.P. now owns 46,706,332 shares of the software giant’s stock worth $12,652,745,000 after buying an additional 461,610 shares during the last quarter. 69.17% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CMO Christopher C. Capossela sold 10,000 shares of the stock in a transaction on Friday, September 10th. The stock was sold at an average price of $298.82, for a total transaction of $2,988,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 20,000 shares of the company’s stock in a transaction dated Friday, September 10th. The stock was sold at an average price of $298.68, for a total transaction of $5,973,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 165,573 shares of company stock worth $50,066,379. Insiders own 0.05% of the company’s stock.

Several research analysts have recently weighed in on MSFT shares. UBS Group boosted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a report on Friday, August 20th. Piper Sandler lifted their price objective on Microsoft from $305.00 to $310.00 and gave the stock an “overweight” rating in a report on Wednesday, July 28th. Fundamental Research increased their target price on Microsoft from $256.70 to $281.78 and gave the company a “hold” rating in a report on Sunday, August 29th. Bank of America raised their target price on Microsoft from $325.00 to $340.00 and gave the stock a “buy” rating in a research report on Wednesday, July 28th. Finally, Royal Bank of Canada reaffirmed a “buy” rating and set a $360.00 price target on shares of Microsoft in a research report on Monday, August 23rd. Two equities research analysts have rated the stock with a hold rating, thirty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $323.56.

MSFT stock opened at $299.87 on Friday. The stock has a market cap of $2.25 trillion, a PE ratio of 37.25, a P/E/G ratio of 3.10 and a beta of 0.78. Microsoft Co. has a 12 month low of $196.25 and a 12 month high of $305.84. The company has a 50-day moving average price of $292.59 and a 200 day moving average price of $265.36. The company has a current ratio of 2.08, a quick ratio of 2.05 and a debt-to-equity ratio of 0.35.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Monday, July 26th. The software giant reported $2.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.92 by $0.25. Microsoft had a return on equity of 45.76% and a net margin of 36.45%. The business had revenue of $46.15 billion during the quarter, compared to analyst estimates of $44.30 billion. During the same quarter in the previous year, the business earned $1.46 earnings per share. The company’s revenue for the quarter was up 21.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 8.61 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 9th. Shareholders of record on Thursday, November 18th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 0.83%. The ex-dividend date is Wednesday, November 17th. This is an increase from Microsoft’s previous quarterly dividend of $0.56. Microsoft’s dividend payout ratio is 28.11%.

About Microsoft

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 comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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