Brio Consultants LLC lessened its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 35.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,752 shares of the software giant’s stock after selling 969 shares during the quarter. Brio Consultants LLC’s holdings in Microsoft were worth $433,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Phoenix Wealth Advisors boosted its position in Microsoft by 2.0% during the second quarter. Phoenix Wealth Advisors now owns 17,286 shares of the software giant’s stock valued at $4,440,000 after buying an additional 343 shares during the period. Jmac Enterprises LLC boosted its position in Microsoft by 1.0% during the second quarter. Jmac Enterprises LLC now owns 16,798 shares of the software giant’s stock valued at $4,314,000 after buying an additional 169 shares during the period. ARGI Investment Services LLC boosted its position in Microsoft by 9.9% during the second quarter. ARGI Investment Services LLC now owns 37,326 shares of the software giant’s stock valued at $9,586,000 after buying an additional 3,358 shares during the period. First PREMIER Bank boosted its position in Microsoft by 0.3% during the second quarter. First PREMIER Bank now owns 26,082 shares of the software giant’s stock valued at $6,699,000 after buying an additional 79 shares during the period. Finally, Seaview Investment Managers LLC boosted its holdings in shares of Microsoft by 4.9% during the second quarter. Seaview Investment Managers LLC now owns 26,839 shares of the software giant’s stock worth $6,893,000 after purchasing an additional 1,261 shares during the period. Institutional investors own 69.15% of the company’s stock.
Insider Buying and Selling
In related news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred on 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 sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly 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. The company 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 anticipate that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio (DPR) is currently 29.31%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on MSFT shares. BMO Capital Markets dropped their target price on shares of Microsoft from $295.00 to $270.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Royal Bank of Canada set a $285.00 target price on shares of Microsoft in a report on Wednesday, January 18th. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Piper Sandler dropped their target price on shares of Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a report on Monday, January 9th. Finally, Barclays dropped their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a report on Tuesday, January 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $287.88.
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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