Monte Financial Group LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Monte Financial Group LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 4.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,702 shares of the software giant’s stock after selling 652 shares during the period. Monte Financial Group LLC’s holdings in Microsoft were worth $2,958,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter worth $28,000. Newfound Research LLC raised its position in 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 in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in shares of Microsoft in the 2nd quarter worth about $104,000. Darrow Company Inc. bought a new position in shares of Microsoft during the 2nd quarter valued at about $82,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in shares of Microsoft during the 3rd quarter valued at about $82,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSFT shares. Wells Fargo & Company cut their target price on Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. BMO Capital Markets reduced their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a report on Wednesday, October 26th. Barclays lowered their price target on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. Raymond James reduced their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 26th. Finally, Wolfe Research lowered their target price on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $289.15.

Insider Activity at Microsoft

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

Microsoft Price Performance

Shares of MSFT stock opened at $235.81 on Thursday. The business’s fifty day moving average is $241.83 and its 200 day moving average is $250.46. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The stock has a market cap of $1.76 trillion, a price-to-earnings ratio of 25.41, a PEG ratio of 2.35 and a beta of 0.94. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $49.70 billion. During the same period last year, the business earned $2.27 EPS. Microsoft’s quarterly revenue was up 10.6% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 annualized dividend and a dividend yield of 1.15%. Microsoft’s payout ratio is currently 29.31%.

Microsoft Company 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

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTGet Rating).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.