Texas Capital Bank Wealth Management Services Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 11.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 48,026 shares of the software giant’s stock after selling 6,245 shares during the quarter. Microsoft comprises 1.4% of Texas Capital Bank Wealth Management Services Inc.’s portfolio, making the stock its 12th largest position. Texas Capital Bank Wealth Management Services Inc.’s holdings in Microsoft were worth $12,335,000 as of its most recent filing with the SEC.
Several other hedge funds have also modified their holdings of MSFT. University of Texas Texas AM Investment Managment Co. boosted its position in Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock valued at $26,000 after buying an additional 79 shares during the last quarter. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at about $28,000. Newfound Research LLC grew its stake in Microsoft by 25.4% during the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after purchasing an additional 60 shares in the last quarter. Darrow Company Inc. purchased a new stake in Microsoft during the 2nd quarter worth approximately $82,000. Finally, Evolution Advisers Inc. raised its position 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 purchasing an additional 91 shares in the last quarter. 69.29% of the stock is currently owned by hedge funds and other institutional investors.
Insider Buying and Selling at Microsoft
In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
Microsoft Stock Up 1.0 %
MSFT stock opened at $247.58 on Friday. The firm’s 50-day moving average is $237.12 and its two-hundred day moving average is $255.62. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30.
Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the prior year, the firm posted $2.27 earnings per share. The firm’s revenue for the quarter was up 10.6% compared to the same quarter last year. On average, analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Shareholders of record on Thursday, November 17th will be given 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 payout ratio is 29.31%.
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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