Microsoft Co. (NASDAQ:MSFT) is Synovus Financial Corp’s 9th Largest Position

Synovus Financial Corp raised its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 554,274 shares of the software giant’s stock after purchasing an additional 4,015 shares during the period. Microsoft accounts for about 1.5% of Synovus Financial Corp’s holdings, making the stock its 9th biggest position. Synovus Financial Corp’s holdings in Microsoft were worth $132,926,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MSFT. Iron Horse Wealth Management LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $26,000. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter valued at approximately $28,000. Hanseatic Management Services Inc. grew its stake in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares in the last quarter. Retirement Financial Solutions LLC purchased a new position in Microsoft during the fourth quarter valued at approximately $40,000. Finally, PayPay Securities Corp bought a new stake in Microsoft during the fourth quarter valued at approximately $54,000. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of Microsoft stock opened at $318.34 on Friday. The company’s fifty day simple moving average is $290.86 and its two-hundred day simple moving average is $261.38. The company has a market cap of $2.37 trillion, a P/E ratio of 34.49, a PEG ratio of 2.83 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $319.04.

Microsoft (NASDAQ:MSFT – Get Rating) last released its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.22 EPS. Research analysts anticipate that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio is presently 29.47%.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Piper Sandler lifted their target price on shares of Microsoft from $290.00 to $348.00 in a research report on Wednesday, April 26th. Wolfe Research lifted their target price on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Oppenheimer lifted their target price on shares of Microsoft from $310.00 to $330.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Citigroup lifted their target price on shares of Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. Finally, Guggenheim lifted their target price on shares of Microsoft from $212.00 to $232.00 and gave the company a “sell” rating in a research report on Wednesday, April 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $323.28.

Insider Transactions at Microsoft

In related news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Judson Althoff sold 30,000 shares of the stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the sale, the chief marketing officer now directly owns 89,328 shares in the company, valued at $28,305,363.36. The disclosure for this sale can be found here. Insiders have sold 54,848 shares of company stock valued at $16,635,227 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Company Profile

(Get Rating)

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.