Meeder Advisory Services Inc. Has $61.95 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Meeder Advisory Services Inc. increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 0.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 143,970 shares of the software giant's stock after acquiring an additional 624 shares during the quarter. Microsoft makes up about 4.0% of Meeder Advisory Services Inc.'s holdings, making the stock its 4th largest position. Meeder Advisory Services Inc.'s holdings in Microsoft were worth $61,950,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft in the second quarter valued at $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter valued at $62,000. Innealta Capital LLC bought a new position in shares of Microsoft during the 2nd quarter worth $75,000. Finally, Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant's stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

NASDAQ:MSFT traded down $2.65 during mid-day trading on Friday, reaching $444.06. The stock had a trading volume of 15,539,488 shares, compared to its average volume of 15,490,811. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a 50 day moving average price of $431.05 and a two-hundred day moving average price of $425.82. The stock has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm's revenue was up 16.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.99 EPS. As a group, analysts expect that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Oppenheimer downgraded shares of Microsoft from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 8th. Sanford C. Bernstein cut their price objective on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 25th. UBS Group boosted their target price on shares of Microsoft from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. StockNews.com raised Microsoft from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, Loop Capital boosted their price objective on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research note on Monday, December 23rd. Three research analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $512.66.

Insider Activity at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.