Country Club Bank GFN reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 1.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 98,176 shares of the software giant’s stock after selling 1,309 shares during the period. Microsoft accounts for about 2.1% of Country Club Bank GFN’s investment portfolio, making the stock its 6th largest position. Country Club Bank GFN’s holdings in Microsoft were worth $23,545,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of MSFT. Optas LLC increased its position in Microsoft by 2.7% during the 4th quarter. Optas LLC now owns 25,001 shares of the software giant’s stock worth $5,996,000 after purchasing an additional 651 shares in the last quarter. West Branch Capital LLC grew its position in Microsoft by 0.5% in the fourth quarter. West Branch Capital LLC now owns 44,418 shares of the software giant’s stock valued at $10,652,000 after acquiring an additional 227 shares in the last quarter. ICICI Prudential Asset Management Co Ltd grew its position in Microsoft by 199.7% in the third quarter. ICICI Prudential Asset Management Co Ltd now owns 107,705 shares of the software giant’s stock valued at $25,356,000 after acquiring an additional 71,769 shares in the last quarter. Seascape Capital Management grew its position in Microsoft by 41.9% in the third quarter. Seascape Capital Management now owns 2,908 shares of the software giant’s stock valued at $677,000 after acquiring an additional 858 shares in the last quarter. Finally, Value Aligned Research Advisors LLC acquired a new stake in Microsoft in the fourth quarter valued at approximately $13,999,000. 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 5,000 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the transaction, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 4,767 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $316.87, for a total value of $1,584,350.00. Following the sale, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at $28,305,363.36. The disclosure for this sale can be found here. Insiders have sold 54,848 shares of company stock valued at $16,635,227 in the last 90 days. 0.03% of the stock is currently owned by insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. During the same quarter last year, the firm earned $2.22 EPS. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 9.66 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a dividend yield of 0.86%. The ex-dividend date is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 29.47%.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on MSFT. Barclays raised their price target on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft raised their price objective on Microsoft from $310.00 to $340.00 in a research note on Wednesday, April 26th. Morgan Stanley raised their target price on Microsoft from $307.00 to $335.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Wedbush raised their target price on Microsoft from $325.00 to $340.00 in a research note on Thursday, May 11th. Finally, Evercore ISI raised their target price on Microsoft from $295.00 to $337.00 in a research note on Wednesday, April 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $323.28.
About Microsoft
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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