Microsoft Co. (NASDAQ:MSFT) Position Lowered by Capstone Triton Financial Group LLC

Capstone Triton Financial Group LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.1% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 15,039 shares of the software giant’s stock after selling 162 shares during the quarter. Microsoft accounts for approximately 3.0% of Capstone Triton Financial Group LLC’s holdings, making the stock its 5th largest position. Capstone Triton Financial Group LLC’s holdings in Microsoft were worth $3,503,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Phoenix Wealth Advisors raised its stake in Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after purchasing an additional 343 shares in the last quarter. Jmac Enterprises LLC raised its stake in Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after purchasing an additional 169 shares in the last quarter. ARGI Investment Services LLC raised its stake in Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after purchasing an additional 3,358 shares in the last quarter. First PREMIER Bank raised its stake in Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after purchasing an additional 79 shares in the last quarter. Finally, Seaview Investment Managers LLC increased its position in Microsoft by 4.9% during the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock valued at $6,893,000 after acquiring an additional 1,261 shares during the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Activity at Microsoft

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

Microsoft Stock Performance

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MSFT stock opened at $248.00 on Friday. The firm has a market cap of $1.85 trillion, a price-to-earnings ratio of 27.56, a PEG ratio of 2.38 and a beta of 0.94. The firm has a 50-day simple moving average of $241.70 and a two-hundred day simple moving average of $249.47. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, beating the consensus estimate of $2.27 by $0.05. The firm had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 40.79%. Microsoft’s revenue was up 2.0% on a year-over-year basis. During the same period last year, the firm posted $2.48 EPS. On average, equities analysts forecast that Microsoft Co. will post 9.49 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 1.10%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is currently 30.22%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. The Goldman Sachs Group set a $315.00 price objective on shares of Microsoft in a research report on Wednesday. Cowen cut their price objective on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. Evercore ISI cut their price objective on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Thursday, January 19th. Jefferies Financial Group cut their price objective on shares of Microsoft from $280.00 to $275.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Guggenheim cut shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective on the stock. in a research report on Tuesday, January 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $283.09.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.