Microsoft Corporation $MSFT Position Decreased by Wallace Advisory Group LLC

Wallace Advisory Group LLC trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 20.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,834 shares of the software giant’s stock after selling 1,514 shares during the quarter. Microsoft accounts for about 2.3% of Wallace Advisory Group LLC’s holdings, making the stock its 6th largest position. Wallace Advisory Group LLC’s holdings in Microsoft were worth $2,902,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MSFT. Vanguard Group Inc. increased its holdings in Microsoft by 2.0% during the second quarter. Vanguard Group Inc. now owns 705,077,786 shares of the software giant’s stock worth $350,712,742,000 after buying an additional 13,691,572 shares during the last quarter. State Street Corp grew its position in shares of Microsoft by 1.1% during the 2nd quarter. State Street Corp now owns 299,196,519 shares of the software giant’s stock valued at $148,823,341,000 after acquiring an additional 3,166,275 shares during the period. Geode Capital Management LLC increased its stake in shares of Microsoft by 2.0% during the 2nd quarter. Geode Capital Management LLC now owns 179,001,751 shares of the software giant’s stock worth $88,714,256,000 after purchasing an additional 3,532,054 shares during the last quarter. Norges Bank bought a new stake in shares of Microsoft in the 2nd quarter worth approximately $50,493,678,000. Finally, Kingstone Capital Partners Texas LLC lifted its stake in Microsoft by 564,387.1% in the second quarter. Kingstone Capital Partners Texas LLC now owns 90,549,369 shares of the software giant’s stock valued at $45,040,162,000 after purchasing an additional 90,533,328 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Key Microsoft News

Here are the key news stories impacting Microsoft this week:

Analyst Ratings Changes

A number of analysts have issued reports on the company. Guggenheim set a $675.00 target price on Microsoft in a research report on Wednesday, November 19th. Evercore ISI set a $640.00 price objective on Microsoft in a report on Thursday, October 30th. Wedbush reaffirmed an “outperform” rating and set a $625.00 price objective on shares of Microsoft in a report on Monday, December 22nd. Mizuho lowered shares of Microsoft from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, November 18th. Finally, Wall Street Zen lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $631.03.

Check Out Our Latest Analysis on MSFT

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the completion of the transaction, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction dated Thursday, December 4th. The shares were sold at an average price of $478.72, for a total value of $1,364,352.00. Following the completion of the sale, the executive vice president directly owned 55,782 shares in the company, valued at approximately $26,703,959.04. The trade was a 4.86% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 54,100 shares of company stock worth $27,598,872 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

MSFT stock opened at $472.94 on Monday. The firm has a 50 day moving average of $493.47 and a 200-day moving average of $504.03. The firm has a market capitalization of $3.52 trillion, a P/E ratio of 33.64, a price-to-earnings-growth ratio of 1.77 and a beta of 1.07. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a net margin of 35.71% and a return on equity of 32.45%. The business had revenue of $77.67 billion for the quarter, compared to analysts’ expectations of $75.49 billion. During the same period in the prior year, the company posted $3.30 EPS. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, February 19th. This represents a $3.64 annualized dividend and a yield of 0.8%. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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