Field & Main Bank Has $7.48 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Field & Main Bank decreased its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,094 shares of the software giant’s stock after selling 921 shares during the quarter. Microsoft comprises 5.0% of Field & Main Bank’s holdings, making the stock its 2nd largest holding. Field & Main Bank’s holdings in Microsoft were worth $7,475,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter worth $28,000. Newfound Research LLC boosted its position in 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 purchasing an additional 60 shares during the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in Microsoft in the second quarter worth $104,000. Darrow Company Inc. purchased a new position in Microsoft in the second quarter worth $82,000. Finally, Morgan Dempsey Capital Management LLC purchased a new position in Microsoft in the third quarter worth $82,000. Institutional investors own 69.15% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $240.22 on Monday. The company has a current ratio of 1.84, a quick ratio of 1.79 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $1.79 trillion, a PE ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The business’s 50-day moving average price is $241.70 and its 200-day moving average price is $249.89. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95.

Microsoft (NASDAQ:MSFTGet Rating) last announced its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 EPS 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 firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. During the same period in the prior year, the company earned $2.27 EPS. The company’s revenue was up 10.6% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 9.51 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 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 1.13%. Microsoft’s payout ratio is 29.31%.

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 stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Wedbush cut their price objective on Microsoft from $320.00 to $290.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. 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. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday. Citigroup dropped their price target on Microsoft from $282.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, DA Davidson assumed 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. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $287.88.

Microsoft Company Profile

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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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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