Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lessened by Hodges Capital Management Inc.

Hodges Capital Management Inc. reduced its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 16.0% in the 3rd quarter, Holdings Channel reports. The firm owned 52,939 shares of the software giant’s stock after selling 10,048 shares during the quarter. Microsoft accounts for about 2.0% of Hodges Capital Management Inc.’s portfolio, making the stock its 7th largest position. Hodges Capital Management Inc.’s holdings in Microsoft were worth $12,330,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the 1st quarter worth about $28,000. Newfound Research LLC boosted its holdings in Microsoft by 25.4% during 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 during the period. Darrow Company Inc. purchased a new position in Microsoft during the 2nd quarter valued at about $82,000. Morgan Dempsey Capital Management LLC purchased a new position in Microsoft during the 3rd quarter valued at about $82,000. Finally, Avondale Wealth Management boosted its holdings in Microsoft by 58.6% during the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock valued at $95,000 after acquiring an additional 150 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Up 0.3 %

Shares of MSFT opened at $239.23 on Tuesday. The company has a market capitalization of $1.78 trillion, a P/E ratio of 25.78, a P/E/G ratio of 2.35 and a beta of 0.94. Microsoft Co. has a one year low of $213.43 and a one year high of $315.95. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.79 and a current ratio of 1.84. The stock has a 50-day moving average price of $241.60 and a 200 day moving average price of $250.60.

Microsoft (NASDAQ:MSFTGet Rating) last issued its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 EPS for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. The firm had revenue of $50.12 billion during the quarter, compared to the consensus estimate of $49.70 billion. Microsoft had a return on equity of 42.10% and a net margin of 34.37%. Microsoft’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.27 earnings per share. Sell-side analysts forecast that Microsoft Co. will post 9.52 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 9th. Shareholders of record on Wednesday, February 15th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Wednesday, February 15th. Microsoft’s dividend payout ratio is presently 29.31%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the transaction, the executive vice president now owns 150,047 shares of the company’s stock, valued at approximately $38,152,450.69. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. BMO Capital Markets decreased their target price on Microsoft from $295.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Raymond James reduced their price objective on Microsoft from $300.00 to $280.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 26th. Moffett Nathanson started coverage on Microsoft in a research report on Thursday, September 22nd. They issued a “hold” rating and a $285.00 price objective on the stock. Piper Sandler reduced their price objective on Microsoft from $265.00 to $247.00 and set an “overweight” rating on the stock in a research report on Monday, January 9th. Finally, Macquarie started coverage on Microsoft in a research report on Wednesday, November 2nd. They issued a “neutral” rating and a $234.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $293.09.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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