Lesa Sroufe & Co cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 26,271 shares of the software giant’s stock after selling 331 shares during the period. Microsoft makes up about 7.0% of Lesa Sroufe & Co’s holdings, making the stock its biggest position. Lesa Sroufe & Co’s holdings in Microsoft were worth $6,300,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Iron Horse Wealth Management LLC acquired a new position in Microsoft during the fourth quarter valued at $26,000. Monumental Financial Group Inc. acquired a new position in Microsoft in the 1st quarter worth about $28,000. Hanseatic Management Services Inc. increased 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 worth $31,000 after purchasing an additional 55 shares during the last quarter. Retirement Financial Solutions LLC acquired a new position in Microsoft in the 4th quarter worth about $40,000. Finally, Macroview Investment Management LLC acquired a new position in Microsoft in the 4th quarter worth about $61,000. 69.15% of the stock is owned by institutional investors and hedge funds.
In other news, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction dated Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now 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 SEC, which is available at this link. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was 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 owns 788,625 shares in the company, valued at $196,272,990. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 value of $272,320.00. Following the completion of the transaction, the chief marketing officer now owns 116,362 shares in the company, valued at approximately $31,687,699.84. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,767 shares of company stock valued at $13,735,181. Company insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last issued its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.22 earnings per share. Analysts expect that Microsoft Co. will post 9.61 EPS for the current year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.87%. Microsoft’s payout ratio is 29.47%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several research reports. Fundamental Research lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. Raymond James upped their price target on Microsoft from $310.00 to $320.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 26th. Macquarie upgraded Microsoft from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $260.00 to $325.00 in a research note on Wednesday, April 26th. Wells Fargo & Company upped their price target on Microsoft from $320.00 to $345.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Finally, UBS Group upped their price target on Microsoft from $275.00 to $300.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $322.88.
Microsoft Company Profile
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.
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