Janney Montgomery Scott LLC Purchases 78,515 Shares of Microsoft Co. (NASDAQ:MSFT)

Janney Montgomery Scott LLC raised its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,075,832 shares of the software giant’s stock after purchasing an additional 78,515 shares during the quarter. Microsoft comprises approximately 2.1% of Janney Montgomery Scott LLC’s investment portfolio, making the stock its 5th biggest holding. Janney Montgomery Scott LLC’s holdings in Microsoft were worth $483,462,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at approximately $28,000. Newfound Research LLC increased its stake in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares during the period. Grayhawk Investment Strategies Inc. acquired a new position in shares of Microsoft during the second quarter valued at approximately $104,000. Darrow Company Inc. acquired a new position in shares of Microsoft during the second quarter valued at approximately $82,000. Finally, Morgan Dempsey Capital Management LLC acquired a new position in shares of Microsoft during the third quarter valued at approximately $82,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research analyst reports. Cowen lowered their price objective on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, January 19th. Fundamental Research lowered their price objective on shares of Microsoft to $270.00 and set a “buy” rating on the stock in a research note on Tuesday, November 8th. Rosenblatt Securities lowered their price objective on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Finally, Credit Suisse Group set a $365.00 price target on shares of Microsoft in a research report on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $287.79.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 0.2 %

Shares of NASDAQ:MSFT opened at $242.04 on Wednesday. The firm has a fifty day moving average of $241.72 and a two-hundred day moving average of $249.53. The firm has a market capitalization of $1.80 trillion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.02. The business had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.48 EPS. On average, equities analysts expect that Microsoft Co. will post 9.51 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. Microsoft’s dividend payout ratio is currently 29.31%.

Microsoft 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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