B. Riley Wealth Management Inc. purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the 3rd quarter, Holdings Channel reports. The fund purchased 25,009 shares of the software giant’s stock, valued at approximately $2,860,000.

Other large investors have also bought and sold shares of the company. Peak Capital Management LLC acquired a new position in Microsoft in the 2nd quarter worth about $107,000. Woodard & Co. Asset Management Group Inc. ADV increased its position in Microsoft by 90.5% in the 3rd quarter. Woodard & Co. Asset Management Group Inc. ADV now owns 1,048 shares of the software giant’s stock worth $119,000 after purchasing an additional 498 shares during the last quarter. Quattro Financial Advisors LLC acquired a new position in Microsoft in the 3rd quarter worth about $132,000. LFA Lugano Financial Advisors SA acquired a new position in Microsoft in the 2nd quarter worth about $139,000. Finally, O Brien Wealth Partners LLC increased its position in Microsoft by 456.8% in the 3rd quarter. O Brien Wealth Partners LLC now owns 1,726 shares of the software giant’s stock worth $197,000 after purchasing an additional 1,416 shares during the last quarter. 71.97% of the stock is currently owned by hedge funds and other institutional investors.

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was sold at an average price of $110.46, for a total transaction of $552,300.00. Following the completion of the sale, the chief marketing officer now owns 156,866 shares in the company, valued at approximately $17,327,418.36. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 267,466 shares of the stock in a transaction that occurred on Wednesday, February 6th. The shares were sold at an average price of $106.01, for a total value of $28,354,070.66. Following the sale, the chief executive officer now owns 1,746,854 shares of the company’s stock, valued at approximately $185,183,992.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,667 shares of company stock valued at $35,657,016. 1.38% of the stock is owned by corporate insiders.

Several research analysts have weighed in on the company. Credit Suisse Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Sunday, January 27th. UBS Group set a $125.00 target price on Microsoft and gave the stock a “buy” rating in a research report on Thursday, January 31st. Nomura dropped their target price on Microsoft from $115.00 to $113.00 and set a “buy” rating on the stock in a research report on Thursday, January 31st. Citigroup reaffirmed a “neutral” rating and issued a $110.00 target price (down from $114.00) on shares of Microsoft in a research report on Thursday, January 31st. Finally, Royal Bank of Canada reaffirmed a “buy” rating and issued a $124.00 target price on shares of Microsoft in a research report on Monday, December 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, thirty-one have given a buy rating and two have assigned a strong buy rating to the company’s stock. Microsoft currently has an average rating of “Buy” and a consensus target price of $122.51.

MSFT opened at $117.52 on Thursday. The stock has a market cap of $905.26 billion, a PE ratio of 30.29, a P/E/G ratio of 2.16 and a beta of 1.21. Microsoft Co. has a 52-week low of $87.08 and a 52-week high of $118.75. The company has a quick ratio of 3.08, a current ratio of 3.12 and a debt-to-equity ratio of 0.82.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company had revenue of $32.47 billion during the quarter, compared to the consensus estimate of $32.53 billion. During the same quarter in the prior year, the company posted $0.96 EPS. The firm’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Microsoft Co. will post 4.41 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Wednesday, May 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 annualized dividend and a yield of 1.57%. Microsoft’s payout ratio is 47.42%.

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Microsoft Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications 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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