Intelligence Driven Advisers LLC Trims Stock Position in Microsoft Co. (NASDAQ:MSFT)

Intelligence Driven Advisers LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 2,630 shares of the software giant’s stock after selling 199 shares during the period. Intelligence Driven Advisers LLC’s holdings in Microsoft were worth $649,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Walled Lake Planning & Wealth Management LLC raised its position in Microsoft by 0.5% in the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock valued at $1,893,000 after purchasing an additional 38 shares during the period. Financial Advisors Network Inc. raised its position in Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after purchasing an additional 39 shares during the period. Donoghue Forlines LLC raised its position in Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after purchasing an additional 40 shares during the period. Fountainhead AM LLC raised its position in Microsoft by 1.0% in the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after purchasing an additional 41 shares during the period. Finally, Lokken Investment Group LLC raised its position in Microsoft by 0.3% in the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock valued at $3,076,000 after purchasing an additional 41 shares during the period. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Insider Activity

In other news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $254.27, for a total value of $6,139,094.88. Following the completion of the sale, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $239.23 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The company has a market capitalization of $1.78 trillion, a PE ratio of 25.78, a P/E/G ratio of 2.35 and a beta of 0.94. The company has a fifty day moving average of $241.38 and a two-hundred day moving average of $250.72.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 the consensus estimate of $49.70 billion. During the same quarter in the prior year, the firm posted $2.27 earnings per share. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 9.52 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.14%. Microsoft’s payout ratio is 29.31%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSFT shares. Cowen cut their target price on Microsoft from $310.00 to $285.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Citigroup cut their target price on Microsoft from $300.00 to $282.00 and set a “buy” rating on the stock in a research report on Wednesday, October 19th. Moffett Nathanson began coverage on Microsoft in a research report on Thursday, September 22nd. They set a “hold” rating and a $285.00 price objective on the stock. Wolfe Research cut their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Finally, StockNews.com began coverage on Microsoft in a research report on Wednesday, October 12th. They set a “buy” rating on the stock. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $293.09.

About Microsoft

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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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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