Stonebridge Capital Management Inc. Sells 2,525 Shares of Microsoft Co. (NASDAQ:MSFT)

Stonebridge Capital Management Inc. decreased its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 60,882 shares of the software giant’s stock after selling 2,525 shares during the quarter. Microsoft makes up about 7.0% of Stonebridge Capital Management Inc.’s investment portfolio, making the stock its largest position. Stonebridge Capital Management Inc.’s holdings in Microsoft were worth $14,601,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also bought and sold shares of MSFT. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter valued at $28,000. Hanseatic Management Services Inc. raised its position in Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. Morgan Dempsey Capital Management LLC bought a new position in Microsoft in the 3rd quarter valued at $82,000. Avondale Wealth Management raised its position in Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the last quarter. Finally, Beutel Goodman & Co Ltd. raised its position in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the completion of the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at $31,687,699.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.2 %

NASDAQ:MSFT opened at $279.43 on Friday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $315.95. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The stock has a market cap of $2.08 trillion, a price-to-earnings ratio of 31.05, a PEG ratio of 2.44 and a beta of 0.92. The stock has a 50-day moving average price of $252.31 and a two-hundred day moving average price of $245.43.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.27 by $0.05. The firm had revenue of $52.75 billion during the quarter, compared to analysts’ expectations of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company’s revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.48 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 9.34 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.97%. Microsoft’s dividend payout ratio is currently 30.22%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. DA Davidson lifted their price objective on Microsoft from $280.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, February 8th. Wedbush boosted their target price on Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Wolfe Research dropped their target price on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Guggenheim downgraded Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a research report on Tuesday, January 17th. Finally, Oppenheimer boosted their target price on Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $286.05.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.