Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Mairs & Power Inc.

Mairs & Power Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,054,792 shares of the software giant’s stock after purchasing an additional 39,987 shares during the period. Microsoft accounts for about 6.4% of Mairs & Power Inc.’s holdings, making the stock its 2nd biggest holding. Mairs & Power Inc.’s holdings in Microsoft were worth $633,513,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. University of Texas Texas AM Investment Managment Co. increased its position in shares of Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after acquiring an additional 79 shares during the last quarter. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter valued at about $28,000. Joseph Group Capital Management acquired a new stake in shares of Microsoft during the fourth quarter valued at about $1,535,000. Shore Point Advisors LLC acquired a new stake in shares of Microsoft during the fourth quarter valued at about $40,000. Finally, Tobam increased its position in shares of Microsoft by 15,400.0% during the first quarter. Tobam now owns 155 shares of the software giant’s stock valued at $48,000 after acquiring an additional 154 shares during the last quarter. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Stifel Nicolaus dropped their price target on shares of Microsoft from $320.00 to $300.00 and set a “buy” rating for the company in a research report on Wednesday, July 27th. Citigroup dropped their price objective on shares of Microsoft from $330.00 to $300.00 and set a “buy” rating for the company in a report on Wednesday, July 27th. Guggenheim assumed coverage on shares of Microsoft in a report on Friday, August 12th. They issued a “neutral” rating and a $292.00 price objective for the company. Morgan Stanley dropped their price objective on shares of Microsoft from $372.00 to $354.00 and set an “overweight” rating for the company in a report on Tuesday, July 12th. Finally, UBS Group set a $330.00 price objective on shares of Microsoft in a report on Monday, June 20th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average target price of $334.31.

Microsoft Stock Up 2.3 %

MSFT stock opened at $264.46 on Friday. The company has a fifty day moving average price of $270.08 and a 200 day moving average price of $275.54. Microsoft Co. has a 12 month low of $241.51 and a 12 month high of $349.67. The company has a market cap of $1.97 trillion, a price-to-earnings ratio of 27.43, a price-to-earnings-growth ratio of 2.23 and a beta of 0.94. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.29 by ($0.06). Microsoft had a net margin of 36.69% and a return on equity of 43.31%. During the same quarter in the previous year, the company posted $2.17 earnings per share. Sell-side analysts expect that Microsoft Co. will post 10.14 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 8th. Investors of record on Thursday, August 18th were given a $0.62 dividend. The ex-dividend date was Wednesday, August 17th. This represents a $2.48 annualized dividend and a yield of 0.94%. Microsoft’s dividend payout ratio (DPR) is 25.73%.

Microsoft Profile

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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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