Dynamic Advisor Solutions LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 116,918 shares of the software giant’s stock after selling 2,194 shares during the quarter. Microsoft comprises 1.9% of Dynamic Advisor Solutions LLC’s portfolio, making the stock its 4th biggest holding. Dynamic Advisor Solutions LLC’s holdings in Microsoft were worth $28,039,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% during the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares in the last quarter. Macroview Investment Management LLC bought a new stake in Microsoft during the 4th quarter valued at $61,000. Morgan Dempsey Capital Management LLC bought a new stake in Microsoft during the 3rd quarter valued at $82,000. Finally, Avondale Wealth Management raised its position in shares of Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 69.15% of the company’s stock.
Microsoft Stock Up 1.0 %
Microsoft stock opened at $280.57 on Monday. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. The stock has a market cap of $2.09 trillion, a PE ratio of 31.17, a P/E/G ratio of 2.55 and a beta of 0.92. The stock’s fifty day moving average is $256.45 and its two-hundred day moving average is $245.97.
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. During the same period last year, the firm earned $2.48 earnings per share. Microsoft’s quarterly revenue was up 2.0% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 9.34 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 30.22%.
Insider Buying and Selling
In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the transaction, the chief marketing officer now owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 over the last quarter. 0.03% of the stock is currently owned by insiders.
Wall Street Analysts Forecast Growth
Several research analysts recently weighed in on MSFT shares. Citigroup boosted their target price on Microsoft from $280.00 to $282.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Wedbush boosted their price target on Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research note on Friday, February 24th. Oppenheimer boosted their price target on Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, February 8th. UBS Group set a $275.00 target price on Microsoft in a research note on Monday, March 20th. Finally, Rosenblatt Securities lowered their target price on Microsoft from $285.00 to $275.00 and set a “buy” rating on the stock in a research note on Thursday, January 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $287.92.
About Microsoft
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.
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