Microsoft Co. (NASDAQ:MSFT) Stock Position Trimmed by Busey Wealth Management

Busey Wealth Management decreased its stake in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 468,664 shares of the software giant’s stock after selling 1,036 shares during the quarter. Microsoft makes up 5.2% of Busey Wealth Management’s holdings, making the stock its 3rd largest position. Busey Wealth Management’s holdings in Microsoft were worth $120,366,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. University of Texas Texas AM Investment Managment Co. raised its holdings in Microsoft by 1,316.7% in the 1st quarter. University of Texas Texas AM Investment Managment Co. now owns 85 shares of the software giant’s stock worth $26,000 after purchasing an additional 79 shares during the period. Monumental Financial Group Inc. acquired a new position in Microsoft in the 1st quarter worth about $28,000. Tobam raised its holdings in Microsoft by 15,400.0% in the 1st quarter. Tobam now owns 155 shares of the software giant’s stock worth $48,000 after purchasing an additional 154 shares during the period. Newfound Research LLC raised its holdings in Microsoft by 25.4% in the 2nd quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after purchasing an additional 60 shares during the period. Finally, Darrow Company Inc. acquired a new position in Microsoft in the 2nd quarter worth about $82,000. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $242.05 on Tuesday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.84 and a quick ratio of 1.79. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $349.67. The firm has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 26.08, a price-to-earnings-growth ratio of 2.32 and a beta of 0.92. The business’s 50 day simple moving average is $237.35 and its 200-day simple moving average is $255.89.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the previous year, the firm posted $2.27 EPS. The company’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 9.62 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be given a dividend of $0.68 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Citigroup reduced their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a report on Wednesday, October 19th. Deutsche Bank Aktiengesellschaft reduced their target price on Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a report on Wednesday, October 26th. Fundamental Research reduced their target price on Microsoft to $270.00 and set a “buy” rating for the company in a report on Tuesday, November 8th. UBS Group set a $300.00 price target on Microsoft in a report on Monday. Finally, Rosenblatt Securities cut their price target on Microsoft from $300.00 to $285.00 and set a “buy” rating for the company in a report on Thursday, October 27th. Three analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $300.64.

Insider Buying and Selling

In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction on Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the completion of the transaction, the chief marketing officer now directly owns 109,837 shares in the company, valued at approximately $29,244,101.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.03% of the company’s stock.

Microsoft Profile

(Get Rating)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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