EMC Capital Management boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 11.9% in the 4th quarter, HoldingsChannel reports. The firm owned 3,534 shares of the software giant’s stock after purchasing an additional 375 shares during the quarter. Microsoft makes up approximately 0.8% of EMC Capital Management’s portfolio, making the stock its 6th largest holding. EMC Capital Management’s holdings in Microsoft were worth $848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Iron Horse Wealth Management LLC purchased a new stake in Microsoft in the fourth quarter valued at $26,000. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the first quarter worth about $28,000. Hanseatic Management Services Inc. grew its holdings in shares of Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after purchasing an additional 55 shares during the last quarter. Retirement Financial Solutions LLC bought a new position in Microsoft during the 4th quarter valued at $40,000. Finally, PayPay Securities Corp purchased a new stake in shares of Microsoft in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 69.15% of the company’s stock.
Wall Street Analyst Weigh In
A number of research analysts have recently issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. StockNews.com began coverage on shares of Microsoft in a research note on Thursday, May 18th. They set a “buy” rating for the company. Piper Sandler boosted their price target on shares of Microsoft from $348.00 to $400.00 in a report on Wednesday, May 31st. Moffett Nathanson upped their target price on shares of Microsoft from $263.00 to $306.00 and gave the stock a “market perform” rating in a report on Wednesday, April 26th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Microsoft from $340.00 to $380.00 in a research note on Tuesday, May 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $331.74.
Microsoft Trading Up 0.5 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The firm had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter in the prior year, the company posted $2.22 earnings per share. The company’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 9.65 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Thursday, June 8th. Investors of record on Thursday, May 18th were given a $0.68 dividend. The ex-dividend date of this dividend was Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.
Insider Transactions at Microsoft
In related news, EVP Judson Althoff sold 30,000 shares of Microsoft 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 transaction, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now directly owns 874 shares in the company, valued at approximately $292,588.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 30,000 shares of the company’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. In the last three months, insiders sold 51,331 shares of company stock valued at $15,867,278. Corporate 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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