Mount Vernon Associates Inc. MD decreased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.9% during the first quarter, Holdings Channel.com reports. The fund owned 22,142 shares of the software giant’s stock after selling 895 shares during the quarter. Microsoft accounts for approximately 7.5% of Mount Vernon Associates Inc. MD’s investment portfolio, making the stock its 2nd largest position. Mount Vernon Associates Inc. MD’s holdings in Microsoft were worth $6,384,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Affiance Financial LLC grew its holdings in shares of Microsoft by 0.3% in the first quarter. Affiance Financial LLC now owns 10,362 shares of the software giant’s stock valued at $2,988,000 after acquiring an additional 35 shares in the last quarter. Henrickson Nauta Wealth Advisors Inc. increased its holdings in Microsoft by 1.3% in the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock worth $835,000 after acquiring an additional 36 shares during the last quarter. Sentinel Pension Advisors Inc. boosted its holdings in Microsoft by 1.1% in the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock worth $898,000 after buying an additional 39 shares during the period. Providence First Trust Co lifted its holdings in Microsoft by 2.5% during the 4th quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock worth $395,000 after purchasing an additional 40 shares in the last quarter. Finally, Modus Advisors LLC lifted its holdings in Microsoft by 0.3% during the 1st quarter. Modus Advisors LLC now owns 14,316 shares of the software giant’s stock worth $4,127,000 after purchasing an additional 40 shares in the last quarter. 72.20% of the stock is owned by institutional investors.
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $359.49 on Wednesday. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average price is $331.25 and its two-hundred day moving average price is $289.00. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78. The company has a market cap of $2.67 trillion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 2.75 and a beta of 0.92.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The business had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the firm posted $2.22 earnings per share. On average, analysts predict that Microsoft Co. will post 9.66 EPS for the current year.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.76%. The ex-dividend date is Wednesday, August 16th. Microsoft’s payout ratio is presently 29.47%.
Insiders Place Their Bets
In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the completion of the sale, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction dated Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. In the last ninety days, insiders sold 51,331 shares of company stock worth $15,867,278. Company insiders own 0.03% of the company’s stock.
Analysts Set New Price Targets
A number of research analysts have commented on the stock. Deutsche Bank Aktiengesellschaft increased their price target on shares of Microsoft from $340.00 to $380.00 in a research report on Tuesday, May 30th. Evercore ISI increased their price target on shares of Microsoft from $337.00 to $400.00 in a research note on Friday, June 2nd. Credit Suisse Group boosted their price objective on shares of Microsoft from $350.00 to $420.00 in a research note on Wednesday, May 31st. Moffett Nathanson lifted their price objective on Microsoft from $263.00 to $306.00 and gave the company a “market perform” rating in a research note on Wednesday, April 26th. Finally, DA Davidson upped their price objective on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $343.04.
Microsoft Profile
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.
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