Darwin Advisors LLC Sells 779 Shares of Microsoft Co. (NASDAQ:MSFT)

Darwin Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 3.3% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 23,142 shares of the software giant’s stock after selling 779 shares during the quarter. Microsoft comprises approximately 1.3% of Darwin Advisors LLC’s investment portfolio, making the stock its 20th biggest holding. Darwin Advisors LLC’s holdings in Microsoft were worth $6,360,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. KRS Capital Management LLC lifted its position in shares of Microsoft by 4.8% in the first quarter. KRS Capital Management LLC now owns 4,781 shares of the software giant’s stock worth $1,474,000 after purchasing an additional 218 shares in the last quarter. Phoenix Wealth Advisors lifted its position in shares of Microsoft by 2.0% in the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock worth $4,440,000 after purchasing an additional 343 shares in the last quarter. Jmac Enterprises LLC increased its holdings in Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after buying an additional 169 shares during the last quarter. ARGI Investment Services LLC increased its holdings in Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after buying an additional 3,358 shares during the last quarter. Finally, First PREMIER Bank increased its holdings in Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after buying an additional 79 shares during the last quarter. Institutional investors own 69.29% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.3 %

MSFT opened at $242.05 on Tuesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $349.67. The company has a 50-day simple moving average of $237.35 and a 200 day simple moving average of $255.89. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 2.32 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.05. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue was up 10.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.27 earnings per share. Analysts predict that Microsoft Co. will post 9.62 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Stockholders of record on Thursday, November 17th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is 29.31%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSFT. BMO Capital Markets lowered their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Macquarie began coverage on shares of Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price on the stock. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating on the stock in a report on Wednesday, October 26th. Barclays set a $296.00 price objective on shares of Microsoft in a report on Tuesday, November 1st. Finally, Morgan Stanley decreased their price objective on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Company Profile

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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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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