NorthLanding Financial Partners LLC reduced its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 6.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,759 shares of the software giant’s stock after selling 261 shares during the quarter. Microsoft comprises about 0.6% of NorthLanding Financial Partners LLC’s portfolio, making the stock its 25th largest position. NorthLanding Financial Partners LLC’s holdings in Microsoft were worth $902,000 at the end of the most recent reporting period.
Several other hedge funds have also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC bought a new position in Microsoft in the 4th quarter valued at about $26,000. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter worth approximately $28,000. Hanseatic Management Services Inc. lifted its position in shares of Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after purchasing an additional 55 shares during the period. Retirement Financial Solutions LLC acquired a new position in shares of Microsoft in the 4th quarter worth approximately $40,000. Finally, PayPay Securities Corp acquired a new position in shares of Microsoft during the 4th quarter valued at $54,000. 69.15% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of analysts have commented on the stock. Wolfe Research boosted their price target on shares of Microsoft from $330.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Piper Sandler upped their price objective on shares of Microsoft from $290.00 to $348.00 in a report on Wednesday, April 26th. Raymond James upped their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Microsoft from $310.00 to $340.00 in a report on Wednesday, April 26th. Finally, The Goldman Sachs Group lifted their price target on shares of Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $323.28.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. Microsoft’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $2.22 EPS. As a group, research analysts forecast that Microsoft Co. will post 9.61 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. 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 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.
Insiders Place Their Bets
In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of 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 document filed with the SEC, which can be accessed through this link. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold a total of 44,767 shares of company stock valued at $13,462,861 in the last 90 days. 0.03% of the stock is owned by insiders.
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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