Satovsky Asset Management LLC Sells 1,170 Shares of Microsoft Co. (NASDAQ:MSFT)

Satovsky Asset Management LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 10.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,871 shares of the software giant’s stock after selling 1,170 shares during the quarter. Microsoft accounts for about 1.0% of Satovsky Asset Management LLC’s investment portfolio, making the stock its 11th biggest position. Satovsky Asset Management LLC’s holdings in Microsoft were worth $2,367,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of MSFT. DGS Capital Management LLC boosted its holdings in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after purchasing an additional 2,383 shares during the period. IFM Investors Pty Ltd boosted its holdings in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC boosted its holdings in shares of Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC lifted its holdings in Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after buying an additional 512 shares during the period. Institutional investors own 69.15% of the company’s stock.

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Analyst Ratings Changes

A number of research firms have weighed in on MSFT. Credit Suisse Group set a $285.00 target price on Microsoft in a report on Thursday, March 2nd. Royal Bank of Canada restated an “outperform” rating and set a $285.00 target price on shares of Microsoft in a report on Friday, March 17th. Wolfe Research lowered their target price on Microsoft from $280.00 to $265.00 and set an “outperform” rating for the company in a report on Wednesday, January 25th. DA Davidson upped their target price on Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, February 8th. Finally, Rosenblatt Securities lowered their target price on Microsoft from $285.00 to $275.00 and set a “buy” rating for the company in a report on Thursday, January 26th. One analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $293.89.

Insider Transactions at Microsoft

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction dated 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 approximately $196,272,990. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of the firm’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 transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 6,767 shares of company stock valued at $1,728,111 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $288.80 on Tuesday. The business’s 50-day moving average is $268.51 and its two-hundred day moving average is $250.01. The company has a market capitalization of $2.15 trillion, a P/E ratio of 32.09, a P/E/G ratio of 2.53 and a beta of 0.93. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.89 and a current ratio of 1.93. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $294.18.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its 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. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The business had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same period in the prior year, the company posted $2.48 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 9.31 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is currently 30.22%.

About Microsoft

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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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