Microsoft Co. (NASDAQ:MSFT) shares purchased by Sage Financial Management Group Inc.


Sage Financial Management Group Inc. increased its stake in Microsoft Co. (NASDAQ: MSFTGet a rating) by 31.1% in the 1st quarter, Participation channel reports. The company held 1,345 shares of the software giant after buying an additional 319 shares during the quarter. Microsoft accounts for about 0.3% of Sage Financial Management Group Inc.’s holdings, making the stock its 25th largest holding. Sage Financial Management Group Inc.’s holdings in Microsoft were worth $415,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Shore Point Advisors LLC bought a new position in Microsoft during the fourth quarter worth about $40,000. Tobam ​​increased his position in Microsoft by 15,400.0% during the first quarter. Tobam ​​now owns 155 shares of the software giant worth $48,000 after buying an additional 154 shares in the last quarter. Artemis Wealth Advisors LLC bought a new position in Microsoft during the first quarter worth approximately $68,000. Castle Financial & Retirement Planning Associates Inc. bought a new position in Microsoft during the fourth quarter worth approximately $80,000. Finally, Evolution Advisers Inc. bought a new position in Microsoft during the fourth quarter worth approximately $84,000. 69.99% of the shares are held by institutional investors and hedge funds.

Microsoft stock up 0.4%

Shares of NASDAQ MSFT opened at $283.65 on Friday. The company has a market cap of $2.12 trillion, a price-to-earnings ratio of 29.42, a growth price-to-earnings ratio of 2.31, and a beta of 0.93. The company has a debt ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The company has a 50-day moving average of $262.77 and a two-hundred-day moving average of $280.22. Microsoft Co. has a 1-year minimum of $241.51 and a 1-year maximum of $349.67.

Microsoft (NASDAQ: MSFTGet a rating) last announced its quarterly results on Tuesday, July 26. The software giant reported earnings per share (EPS) of $2.23 for the quarter, missing consensus analyst estimates of $2.29 per ($0.06). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. During the same period of the previous year, the company achieved EPS of $2.17. On average, analysts expect Microsoft Co. to post earnings per share of 10.14 for the current fiscal year.

Microsoft announces dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 8. Shareholders of record on Thursday August 18 will receive a dividend of $0.62. This represents an annualized dividend of $2.48 and a dividend yield of 0.87%. The ex-date of this dividend is Wednesday, August 17. Microsoft’s payout ratio is currently 25.73%.

A Wall Street analyst gives his opinion

A number of brokerages have recently commented on MSFT. William Blair reiterated an “outperforming” rating on Microsoft shares in a Wednesday, April 27 research report. KeyCorp reduced its target price on Microsoft from $373.00 to $330.00 and set an “overweight” rating for the company in a Thursday, July 7 research note. UBS Group set a target price of $330.00 on Microsoft in a Monday, June 20 research note. Goldman Sachs Group set a target price of $365.00 on Microsoft in a research note on Wednesday, April 27. Finally, Wedbush reduced its target price on Microsoft from $340.00 to $320.00 and set an “outperform” rating for the company in a Wednesday, July 27 research note. An equity research analyst gave the stock a hold rating and thirty-one gave the company a buy rating. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $335.72.

About Microsoft

(Get a rating)

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, and associated client access licenses (CALs); Skype, Outlook.com, OneDrive and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and business divisions.

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Institutional ownership by quarter for Microsoft (NASDAQ:MSFT)



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Geraldine L. Melton