Gallagher Benefit Services Inc. bought a new stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 6,506 shares of the software giant’s stock, valued at approximately $1,561,000.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter worth about $28,000. Iron Horse Wealth Management LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $26,000. Hanseatic Management Services Inc. increased its position in Microsoft by 71.4% during 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 in the last quarter. Retirement Financial Solutions LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $40,000. Finally, PayPay Securities Corp acquired a new stake in Microsoft during the 4th quarter worth approximately $54,000. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Stock Performance
Shares of MSFT opened at $342.33 on Friday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $351.47. The company has a market cap of $2.55 trillion, a price-to-earnings ratio of 37.09, a price-to-earnings-growth ratio of 3.09 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a fifty day moving average of $311.86 and a 200-day moving average of $274.40.
Microsoft Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s payout ratio is currently 29.47%.
Insider Buying and Selling
In related news, 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 value of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction dated Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares in the company, valued at $35,952,107.04. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Tuesday, May 9th. The stock was sold at an average price of $308.70, for a total transaction of $1,543,500.00. Following the completion of the sale, the chief marketing officer now owns 105,206 shares in the company, valued at $32,477,092.20. The disclosure for this sale can be found here. Insiders sold 51,331 shares of company stock valued at $15,867,278 over the last 90 days. 0.03% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of analysts recently issued reports on the stock. Morgan Stanley increased their target price on shares of Microsoft from $307.00 to $335.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 26th. Raymond James increased their price objective on shares of Microsoft from $310.00 to $320.00 and gave the company an “outperform” rating in a research report on Wednesday, April 26th. Mizuho increased their price objective on shares of Microsoft from $340.00 to $360.00 in a research report on Thursday. Wells Fargo & Company increased their price objective on shares of Microsoft from $320.00 to $345.00 and gave the company an “overweight” rating in a research report on Wednesday, April 26th. Finally, TD Cowen raised their price target on shares of Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 26th. One equities research 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 MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $333.23.
About Microsoft
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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