Texas Capital Bank Wealth Management Services Inc. Has $12.34 Million Position in Microsoft Co. (NASDAQ:MSFT)

Texas Capital Bank Wealth Management Services Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 11.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,026 shares of the software giant’s stock after selling 6,245 shares during the period. Microsoft comprises approximately 1.4% of Texas Capital Bank Wealth Management Services Inc.’s portfolio, making the stock its 12th biggest position. Texas Capital Bank Wealth Management Services Inc.’s holdings in Microsoft were worth $12,335,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of MSFT. Aaron Wealth Advisors LLC boosted its position in Microsoft by 35,465.9% during the first quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock valued at $191,644,927,000 after buying an additional 5,648,095 shares during the last quarter. Swiss National Bank grew its stake in shares of Microsoft by 13.8% in the 1st quarter. Swiss National Bank now owns 30,893,155 shares of the software giant’s stock valued at $9,524,669,000 after buying an additional 3,757,500 shares in the last quarter. Jennison Associates LLC increased its holdings in Microsoft by 13.2% in the first quarter. Jennison Associates LLC now owns 23,092,331 shares of the software giant’s stock worth $7,119,597,000 after buying an additional 2,696,424 shares during the last quarter. Finally, Verity Asset Management Inc. raised its position in Microsoft by 21,811.0% during the first quarter. Verity Asset Management Inc. now owns 2,047,582 shares of the software giant’s stock valued at $2,901,000 after acquiring an additional 2,038,237 shares in the last quarter. 69.29% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

NASDAQ:MSFT opened at $247.58 on Friday. The company has a market capitalization of $1.85 trillion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.36 and a beta of 0.92. The company has a 50-day moving average of $237.12 and a 200-day moving average of $255.62. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $344.30. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.30 by $0.05. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. The company had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same period in the previous year, the business earned $2.27 earnings per share. The company’s quarterly revenue was up 10.6% on a year-over-year basis. As a group, equities research analysts anticipate 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. Shareholders of record on Thursday, November 17th will be paid a dividend of $0.68 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.62. This represents a $2.72 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Wednesday, November 16th. Microsoft’s dividend payout ratio is currently 29.31%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Rosenblatt Securities dropped their price target on shares of Microsoft from $300.00 to $285.00 and set a “buy” rating on the stock in a research note on Thursday, October 27th. Fundamental Research cut their target price on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Citigroup decreased their price target on Microsoft from $300.00 to $282.00 and set a “buy” rating for the company in a research note on Wednesday, October 19th. StockNews.com started coverage on Microsoft in a report on Wednesday, October 12th. They set a “buy” rating on the stock. Finally, UBS Group set a $300.00 target price on Microsoft in a research report on Monday. Three analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $300.64.

Insider Buying and Selling at Microsoft

In other news, CMO Christopher C. Capossela sold 5,000 shares of the company’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $266.25, for a total value of $1,331,250.00. Following the sale, the chief marketing officer now owns 109,837 shares of the company’s stock, valued at approximately $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 0.03% of the company’s stock.

About Microsoft

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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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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