Vigilare Wealth Management cut its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 3.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,560 shares of the software giant’s stock after selling 552 shares during the quarter. Microsoft makes up about 4.4% of Vigilare Wealth Management’s holdings, making the stock its 4th biggest position. Vigilare Wealth Management’s holdings in Microsoft were worth $3,391,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Phoenix Wealth Advisors raised its position in 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 acquiring an additional 343 shares during the period. Jmac Enterprises LLC raised its position in Microsoft by 1.0% in the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock worth $4,314,000 after acquiring an additional 169 shares during the period. ARGI Investment Services LLC raised its position in Microsoft by 9.9% in the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock worth $9,586,000 after acquiring an additional 3,358 shares during the period. First PREMIER Bank raised its position in Microsoft by 0.3% in the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock worth $6,699,000 after acquiring an additional 79 shares during the period. Finally, Seaview Investment Managers LLC raised its position in Microsoft by 4.9% in the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after acquiring an additional 1,261 shares during the period. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on MSFT. Stifel Nicolaus lowered their price target on shares of Microsoft from $300.00 to $290.00 and set a “buy” rating on the stock in a research report on Wednesday, October 26th. Oppenheimer lowered their price target on shares of Microsoft from $275.00 to $265.00 in a research report on Wednesday, October 26th. DA Davidson began coverage on shares of Microsoft in a research report on Wednesday, January 4th. They issued a “buy” rating and a $270.00 price target on the stock. Jefferies Financial Group set a $270.00 price target on shares of Microsoft in a research report on Thursday, January 5th. Finally, Cowen lowered their price target on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $293.09.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter in the prior year, the company earned $2.27 EPS. The firm’s revenue was up 10.6% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 9.52 EPS for the current year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.15%. Microsoft’s payout ratio is currently 29.31%.
Insider Buying and Selling at Microsoft
In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the completion of the sale, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.03% of the stock is currently owned by corporate insiders.
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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