Versant Capital Management Inc cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.6% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,303 shares of the software giant’s stock after selling 158 shares during the quarter. Microsoft accounts for about 2.6% of Versant Capital Management Inc’s portfolio, making the stock its 9th largest holding. Versant Capital Management Inc’s holdings in Microsoft were worth $6,592,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of the business. Headinvest LLC raised its position in Microsoft by 0.5% during the 3rd quarter. Headinvest LLC now owns 61,900 shares of the software giant’s stock worth $14,417,000 after buying an additional 321 shares during the last quarter. Noked Israel Ltd increased its holdings in shares of Microsoft by 61.6% during the 3rd quarter. Noked Israel Ltd now owns 166,723 shares of the software giant’s stock valued at $38,830,000 after purchasing an additional 63,533 shares in the last quarter. Hofer & Associates. Inc increased its holdings in shares of Microsoft by 5.2% during the 3rd quarter. Hofer & Associates. Inc now owns 2,813 shares of the software giant’s stock valued at $655,000 after purchasing an additional 140 shares in the last quarter. Perigon Wealth Management LLC increased its holdings in shares of Microsoft by 2.2% during the 3rd quarter. Perigon Wealth Management LLC now owns 92,045 shares of the software giant’s stock valued at $21,437,000 after purchasing an additional 1,975 shares in the last quarter. Finally, Houlihan Financial Resource Group Ltd. purchased a new position in shares of Microsoft during the 3rd quarter valued at approximately $4,146,000. 69.15% of the stock is owned by hedge funds and other institutional investors.
Microsoft Stock Up 1.2 %
NASDAQ MSFT opened at $279.43 on Friday. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $315.95. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The business’s fifty day simple moving average is $252.31 and its 200-day simple moving average is $245.55. The firm has a market cap of $2.08 trillion, a PE ratio of 31.05, a P/E/G ratio of 2.39 and a beta of 0.92.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.97%. Microsoft’s dividend payout ratio (DPR) is currently 30.22%.
Analyst Ratings Changes
Several equities analysts have recently weighed in on MSFT shares. Evercore ISI cut their target price on shares of Microsoft from $300.00 to $280.00 and set an “outperform” rating for the company in a report on Thursday, January 19th. Jefferies Financial Group set a $310.00 target price on shares of Microsoft in a report on Monday, February 27th. Guggenheim lowered shares of Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 target price for the company. in a report on Tuesday, January 17th. Barclays dropped their price target on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating on the stock in a research note on Tuesday, January 10th. Finally, JPMorgan Chase & Co. set a $305.00 price target on shares of Microsoft and gave the company an “overweight” rating in a research note on Wednesday, February 8th. One research 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 stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $286.05.
Insider Activity at Microsoft
In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at approximately $31,687,699.84. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Satya Nadella sold 4,767 shares of the business’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 directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’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 sale, the chief marketing officer now owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 6,767 shares of company stock worth $1,728,111. Company insiders own 0.03% of the company’s stock.
Microsoft 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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