Microsoft Co. (NASDAQ:MSFT) Stock Position Decreased by Spectrum Asset Management Inc. NB CA

Spectrum Asset Management Inc. NB CA decreased its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,545 shares of the software giant’s stock after selling 213 shares during the period. Microsoft makes up approximately 1.5% of Spectrum Asset Management Inc. NB CA’s holdings, making the stock its 20th biggest position. Spectrum Asset Management Inc. NB CA’s holdings in Microsoft were worth $2,922,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth about $28,000. Newfound Research LLC boosted its holdings in shares of Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of Microsoft in the second quarter valued at approximately $104,000. Darrow Company Inc. bought a new position in shares of Microsoft in the second quarter valued at approximately $82,000. Finally, Morgan Dempsey Capital Management LLC bought a new position in shares of Microsoft in the third quarter valued at approximately $82,000. Institutional investors own 69.15% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 24,144 shares of the firm’s 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 directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of MSFT opened at $242.04 on Wednesday. The company’s fifty day moving average is $241.72 and its 200-day moving average is $249.53. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The firm has a market cap of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.36 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 quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping the consensus estimate of $2.30 by $0.02. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the prior year, the business posted $2.48 EPS. Microsoft’s quarterly revenue was up 2.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 9.51 EPS for the current fiscal year.

Microsoft Announces Dividend

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 $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.12%. Microsoft’s payout ratio is presently 29.31%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on MSFT shares. Credit Suisse Group set a $365.00 price objective on shares of Microsoft in a report on Friday, December 9th. UBS Group set a $250.00 price objective on shares of Microsoft in a report on Thursday, January 19th. Cowen cut their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Raymond James cut their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a research note on Wednesday, October 26th. Finally, Macquarie assumed coverage on shares of Microsoft in a research note on Wednesday, November 2nd. They set a “neutral” rating and a $234.00 target price for the company. 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. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $287.79.

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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