Columbus Macro LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,391 shares of the software giant’s stock after acquiring an additional 206 shares during the period. Columbus Macro LLC’s holdings in Microsoft were worth $573,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Iron Horse Wealth Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $26,000. Monumental Financial Group Inc. purchased a new position in Microsoft in the 1st quarter valued at approximately $28,000. Hanseatic Management Services Inc. grew its stake 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 buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $40,000. Finally, PayPay Securities Corp purchased a new position in Microsoft in the 4th quarter valued at approximately $54,000. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Activity at Microsoft
In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated 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 sale, 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 is available through the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now owns 110,206 shares in the company, valued at $34,169,370.30. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold 44,767 shares of company stock worth $13,462,861 over the last 90 days. 0.03% of the stock is owned by company insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company had revenue of $52.86 billion for the quarter, compared to analysts’ expectations of $51.01 billion. During the same quarter in the previous year, the company earned $2.22 earnings per share. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 9.61 earnings per share for the current year.
Microsoft Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.88%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is currently 29.47%.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of recent research reports. KeyCorp lifted their price objective on shares of Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. Raymond James lifted their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Royal Bank of Canada lifted their price objective on shares of Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Rosenblatt Securities boosted their price target on shares of Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research report on Wednesday, April 26th. Finally, Sanford C. Bernstein boosted their price target on shares of Microsoft from $280.00 to $322.00 in a research report on Monday, April 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $323.28.
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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