Bank OZK Has $9.05 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Bank OZK lowered its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 35,243 shares of the software giant’s stock after selling 865 shares during the quarter. Microsoft comprises 4.6% of Bank OZK’s investment portfolio, making the stock its 2nd biggest holding. Bank OZK’s holdings in Microsoft were worth $9,051,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. University of Texas Texas AM Investment Managment Co. boosted its stake in Microsoft by 1,316.7% during the first quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after acquiring an additional 79 shares in the last quarter. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter valued at about $28,000. Newfound Research LLC raised its holdings in shares of Microsoft by 25.4% during the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares during the period. Darrow Company Inc. bought a new position in shares of Microsoft during the 2nd quarter worth about $82,000. Finally, Evolution Advisers Inc. grew its stake in shares of Microsoft by 36.4% in the 1st quarter. Evolution Advisers Inc. now owns 341 shares of the software giant’s stock valued at $105,000 after buying an additional 91 shares during the period. 69.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have commented on MSFT. BMO Capital Markets reduced their price objective on Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Stifel Nicolaus decreased their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. StockNews.com started coverage on shares of Microsoft in a research note on Wednesday, October 12th. They issued a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. Finally, Morgan Stanley dropped their price target on shares of Microsoft from $325.00 to $307.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 26th. Three investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Insider Activity

In related news, CMO Christopher C. Capossela sold 5,000 shares of Microsoft stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total transaction of $1,331,250.00. Following the completion of the sale, 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 filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $247.58 on Friday. The firm has a market capitalization of $1.85 trillion, a P/E ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92. Microsoft Co. has a one year low of $213.43 and a one year high of $344.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. The business has a fifty day moving average price of $237.12 and a 200-day moving average price of $255.62.

Microsoft (NASDAQ:MSFTGet Rating) last issued its earnings results on Tuesday, October 25th. The software giant reported $2.35 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 business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter last year, the company earned $2.27 EPS. The firm’s revenue was up 10.6% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, November 16th. This is a boost from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.10%. Microsoft’s dividend payout ratio is currently 29.31%.

Microsoft Profile

(Get Rating)

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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