Montgomery Investment Management Inc. Reduces Stake in Microsoft Co. (NASDAQ:MSFT)

Montgomery Investment Management Inc. lessened its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,805 shares of the software giant’s stock after selling 400 shares during the quarter. Microsoft accounts for 2.0% of Montgomery Investment Management Inc.’s portfolio, making the stock its 20th biggest holding. Montgomery Investment Management Inc.’s holdings in Microsoft were worth $4,830,000 at the end of the most recent reporting period.

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

Insiders Place Their Bets

In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The shares were 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 directly owns 109,837 shares of the company’s stock, valued at $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. Wolfe Research lowered their price target on shares of Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Citigroup dropped their target price on shares of Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Macquarie initiated coverage on Microsoft in a report on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 price target on the stock. Mizuho lowered their price objective on Microsoft from $320.00 to $305.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Finally, Evercore ISI cut their target price on Microsoft from $330.00 to $300.00 and set an “outperform” rating for the company 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’s stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $300.64.

Microsoft Price Performance

Microsoft stock opened at $247.58 on Friday. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $344.30. 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 firm has a 50-day moving average price of $237.12 and a 200-day moving average price of $255.62. The firm has a market capitalization of $1.85 trillion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.36 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data 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. The business had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm’s quarterly revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.27 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 9.62 EPS for the current year.

Microsoft Increases Dividend

The firm also recently disclosed 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. This represents a $2.72 annualized dividend and a yield of 1.10%. The ex-dividend date is Wednesday, November 16th. This is an increase from Microsoft’s previous quarterly dividend of $0.62. Microsoft’s dividend payout ratio is 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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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