Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Nottingham Advisors Inc.

Nottingham Advisors Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,981 shares of the software giant’s stock after selling 48 shares during the quarter. Nottingham Advisors Inc.’s holdings in Microsoft were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the first quarter valued at approximately $28,000. Newfound Research LLC increased its position in Microsoft by 25.4% in the second quarter. Newfound Research LLC now owns 296 shares of the software giant’s stock worth $76,000 after buying an additional 60 shares during the period. Darrow Company Inc. acquired a new position in shares of Microsoft during the second quarter valued at $82,000. Morgan Dempsey Capital Management LLC bought a new position in shares of Microsoft during the third quarter worth about $82,000. Finally, Avondale Wealth Management increased its holdings in shares of Microsoft by 58.6% in the 3rd quarter. Avondale Wealth Management now owns 406 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares during the period. 69.15% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. Cowen decreased their target price on shares of Microsoft from $310.00 to $285.00 and set an “outperform” rating for the company in a research report on Wednesday, October 26th. Citigroup lowered their target price on Microsoft from $282.00 to $280.00 and set a “buy” rating on the stock in a research report on Thursday. Piper Sandler reduced their price target on Microsoft from $265.00 to $247.00 and set an “overweight” rating for the company in a research report on Monday, January 9th. DA Davidson assumed coverage on Microsoft in a report on Wednesday, January 4th. They set a “buy” rating and a $270.00 price target on the stock. Finally, Oppenheimer reduced their price objective on shares of Microsoft from $275.00 to $265.00 in a 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $288.33.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the firm’s stock in a transaction that occurred on Thursday, December 1st. The shares were sold at an average price of $254.27, for a total transaction of $6,139,094.88. Following the sale, the executive vice president now directly owns 150,047 shares in the company, valued at approximately $38,152,450.69. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.6 %

Microsoft stock opened at $231.93 on Friday. The stock has a market cap of $1.73 trillion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $315.95. The business has a 50 day moving average price of $241.84 and a two-hundred day moving average price of $250.23. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, October 25th. The software giant reported $2.35 earnings per share for the quarter, beating analysts’ consensus estimates of $2.29 by $0.06. 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 analysts’ expectations of $49.70 billion. During the same period last year, the firm posted $2.27 EPS. The business’s revenue was up 10.6% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 9.52 EPS for the current year.

Microsoft Dividend Announcement

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 paid a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.17%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is presently 29.31%.

Microsoft Company Profile

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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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