Crew Capital Management Ltd. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,288 shares of the software giant’s stock after selling 534 shares during the period. Microsoft accounts for 2.2% of Crew Capital Management Ltd.’s investment portfolio, making the stock its 13th biggest holding. Crew Capital Management Ltd.’s holdings in Microsoft were worth $1,508,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also modified their holdings of the company. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter valued at $28,000. Hanseatic Management Services Inc. grew its holdings in shares of Microsoft by 71.4% during the 3rd 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 bought a new stake in Microsoft in the fourth quarter worth $40,000. Macroview Investment Management LLC bought a new stake in Microsoft in the fourth quarter worth $61,000. Finally, Morgan Dempsey Capital Management LLC bought a new stake in Microsoft in the third quarter worth $82,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly 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 Securities & Exchange Commission, which is available through this link. In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is currently owned by insiders.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.05. The firm had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 earnings per share. Research analysts anticipate that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a yield of 0.94%. Microsoft’s dividend payout ratio is 30.22%.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on MSFT shares. StockNews.com started coverage on shares of Microsoft in a report on Thursday, March 16th. They issued a “hold” rating for the company. Wedbush boosted their target price on shares of Microsoft from $280.00 to $290.00 and gave the stock an “outperform” rating in a research report on Friday, February 24th. Barclays cut their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research report on Tuesday, January 10th. KeyCorp boosted their target price on shares of Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Oppenheimer boosted their target price on shares of Microsoft from $265.00 to $280.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $288.73.
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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