Webster Bank N. A. Sells 587 Shares of Microsoft Co. (NASDAQ:MSFT)

Webster Bank N. A. decreased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,108 shares of the software giant’s stock after selling 587 shares during the period. Microsoft makes up 2.6% of Webster Bank N. A.’s portfolio, making the stock its 6th biggest position. Webster Bank N. A.’s holdings in Microsoft were worth $17,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of the stock. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter valued at about $28,000. Newfound Research LLC increased 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 last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in Microsoft in the second quarter valued at $104,000. Darrow Company Inc. acquired a new position in Microsoft during the 2nd quarter worth $82,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in shares of Microsoft in the 3rd quarter worth about $82,000. Institutional investors and hedge funds 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 on Thursday, December 1st. The stock was 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 directly owns 150,047 shares of the company’s stock, valued at $38,152,450.69. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their price target 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 dropped their price target on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. DA Davidson initiated coverage on Microsoft in a research report on Wednesday, January 4th. They set a “buy” rating and a $270.00 price target on the stock. Jefferies Financial Group set a $270.00 price target on Microsoft in a research report on Thursday, January 5th. Finally, Evercore ISI dropped their price target on Microsoft from $330.00 to $300.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $289.15.

Microsoft Trading Down 1.9 %

Shares of MSFT stock opened at $235.81 on Thursday. The stock has a 50-day simple moving average of $241.83 and a 200 day simple moving average of $250.46. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $315.95. The stock has a market capitalization of $1.76 trillion, a P/E ratio of 25.41, a P/E/G ratio of 2.35 and a beta of 0.94. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The business had revenue of $50.12 billion during the quarter, compared to analysts’ expectations of $49.70 billion. During the same quarter last year, the business posted $2.27 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 9.52 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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