Ziegler Capital Management LLC Sells 7,551 Shares of Microsoft Co. (NASDAQ:MSFT)

Ziegler Capital Management LLC decreased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 2.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 314,796 shares of the software giant’s stock after selling 7,551 shares during the quarter. Microsoft accounts for approximately 3.2% of Ziegler Capital Management LLC’s portfolio, making the stock its 2nd largest position. Ziegler Capital Management LLC’s holdings in Microsoft were worth $73,342,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSFT. Jefferies Financial Group set a $270.00 price target on shares of Microsoft in a report on Thursday, January 5th. Mizuho cut their price target on shares of Microsoft from $305.00 to $290.00 and set a “buy” rating for the company in a report on Friday. Raymond James cut their price target on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft cut their price target 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. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday. One research 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’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $287.88.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of Microsoft stock in a transaction 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 transaction, the executive vice president now owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 3.6 %

Shares of NASDAQ MSFT opened at $240.22 on Monday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The firm’s 50 day moving average price is $241.70 and its 200 day moving average price is $249.89. The firm has a market cap of $1.79 trillion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 2.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFTGet Rating) last announced its earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion for the quarter, compared to analyst estimates of $49.70 billion. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. Microsoft’s revenue was up 10.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.27 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 9.51 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders 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 1.13%. Microsoft’s dividend payout ratio (DPR) is presently 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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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