NewSquare Capital LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,037 shares of the software giant’s stock after selling 668 shares during the period. NewSquare Capital LLC’s holdings in Microsoft were worth $2,804,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter valued at approximately $28,000. Newfound Research LLC lifted its stake in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock valued at $76,000 after acquiring an additional 60 shares in the last quarter. Darrow Company Inc. bought a new stake in Microsoft in the 2nd quarter valued at approximately $82,000. Morgan Dempsey Capital Management LLC bought a new stake in Microsoft in the 3rd quarter valued at approximately $82,000. Finally, Avondale Wealth Management raised its stake in shares of Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares in the last quarter. Institutional investors own 69.15% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on MSFT. Jefferies Financial Group set a $270.00 target price on Microsoft in a report on Thursday, January 5th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, January 19th. Credit Suisse Group set a $365.00 target price on Microsoft in a research report on Friday, December 9th. Wolfe Research dropped their price objective on Microsoft from $340.00 to $280.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $287.79.
Microsoft Stock Performance
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.02. The company had revenue of $52.75 billion for the quarter, compared to the consensus estimate of $53.17 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.48 EPS. On average, equities research analysts predict that Microsoft Co. will post 9.51 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Investors of record on Wednesday, February 15th will be given a $0.68 dividend. The ex-dividend date is Wednesday, February 15th. This represents a $2.72 annualized dividend and a yield of 1.12%. Microsoft’s dividend payout ratio (DPR) is presently 29.31%.
Insider Activity at Microsoft
In related news, EVP Judson Althoff sold 24,144 shares of the company’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total value of $6,139,094.88. Following the transaction, the executive vice president now directly owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.03% of the stock is currently owned by insiders.
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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