Sawyer & Company Inc Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Sawyer & Company Inc trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 0.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 30,871 shares of the software giant’s stock after selling 165 shares during the quarter. Microsoft accounts for 3.9% of Sawyer & Company Inc’s investment portfolio, making the stock its 2nd largest holding. Sawyer & Company Inc’s holdings in Microsoft were worth $7,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Microsoft by 0.9% during the first quarter. Vanguard Group Inc. now owns 621,598,157 shares of the software giant’s stock worth $191,644,927,000 after buying an additional 5,648,095 shares during the period. Price T Rowe Associates Inc. MD boosted its stake in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares during the period. Legal & General Group Plc boosted its stake in Microsoft by 1.5% during the second quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock worth $14,074,064,000 after buying an additional 784,656 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Microsoft by 2.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 40,130,443 shares of the software giant’s stock worth $10,306,701,000 after buying an additional 939,396 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in Microsoft by 2.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 39,863,273 shares of the software giant’s stock worth $12,290,246,000 after buying an additional 766,487 shares during the period. 69.15% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT opened at $240.22 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $315.95. The company has a quick ratio of 1.79, a current ratio of 1.84 and a debt-to-equity ratio of 0.26. The company has a market cap of $1.79 trillion, a P/E ratio of 25.89, a price-to-earnings-growth ratio of 2.35 and a beta of 0.94. The firm’s 50-day moving average price is $241.70 and its 200-day moving average price is $250.01.

Microsoft (NASDAQ:MSFTGet Rating) last posted its quarterly earnings data on Tuesday, October 25th. The software giant reported $2.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.06. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The firm had revenue of $50.12 billion for the quarter, compared to the consensus estimate of $49.70 billion. During the same quarter in the prior year, the company posted $2.27 earnings per share. The company’s revenue for the quarter was up 10.6% compared to the same quarter last year. As a group, equities analysts anticipate 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. Investors of record on Thursday, February 16th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, February 15th. This represents a $2.72 dividend on an annualized basis and a yield of 1.13%. Microsoft’s dividend payout ratio is currently 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 sale, the executive vice president now owns 150,047 shares in the company, valued at $38,152,450.69. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. Citigroup lowered their target price on shares of Microsoft from $282.00 to $280.00 and set a “buy” rating for the company in a research note on Thursday. Wells Fargo & Company lowered their target price on shares of Microsoft from $315.00 to $300.00 and set an “overweight” rating for the company in a research note on Wednesday, October 26th. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Microsoft from $315.00 to $275.00 and set a “buy” rating for the company in a research note on Wednesday, October 26th. UBS Group set a $250.00 target price on shares of Microsoft in a research note on Thursday. Finally, Barclays lowered their target price on shares of Microsoft from $296.00 to $280.00 and set an “overweight” rating for the company in a research note on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $287.88.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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