Synergy Financial Group LTD decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.3% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,883 shares of the software giant’s stock after selling 393 shares during the quarter. Microsoft comprises 6.8% of Synergy Financial Group LTD’s holdings, making the stock its 2nd largest position. Synergy Financial Group LTD’s holdings in Microsoft were worth $4,336,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently added to or reduced their stakes in MSFT. DGS Capital Management LLC increased its stake in Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares in the last quarter. Essex LLC grew its stake in shares of Microsoft by 194.4% in the first quarter. Essex LLC now owns 14,230 shares of the software giant’s stock valued at $4,387,000 after buying an additional 9,396 shares in the last quarter. Blossom Wealth Management grew its stake in shares of Microsoft by 7.3% in the first quarter. Blossom Wealth Management now owns 2,646 shares of the software giant’s stock valued at $816,000 after buying an additional 181 shares in the last quarter. Finally, First PREMIER Bank grew its stake in shares of Microsoft by 1.3% in the first quarter. First PREMIER Bank now owns 26,003 shares of the software giant’s stock valued at $8,017,000 after buying an additional 342 shares in the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Insider Buying and Selling
In related news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the previous year, the firm posted $2.27 EPS. The firm’s quarterly revenue was up 10.6% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 9.62 EPS for the current year.
Microsoft Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors 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 1.11%. This is a boost from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is currently 29.31%.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Oppenheimer lowered their target price on Microsoft from $275.00 to $265.00 in a research note on Wednesday, October 26th. Morgan Stanley decreased their price target on Microsoft from $325.00 to $307.00 and set an “overweight” rating for the company in a report on Wednesday, October 26th. Citigroup decreased their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Cowen decreased their price target on Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Finally, Mizuho decreased their price target on Microsoft from $320.00 to $305.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Three research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $300.64.
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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