HBC Financial Services PLLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 9.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,119 shares of the software giant’s stock after selling 2,134 shares during the quarter. Microsoft accounts for about 3.9% of HBC Financial Services PLLC’s holdings, making the stock its 5th biggest position. HBC Financial Services PLLC’s holdings in Microsoft were worth $4,685,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Mandatum Life Insurance Co Ltd boosted its stake in shares of Microsoft by 0.9% during the 3rd quarter. Mandatum Life Insurance Co Ltd now owns 31,318 shares of the software giant’s stock worth $7,294,000 after purchasing an additional 290 shares during the last quarter. Janney Capital Management LLC grew its position in Microsoft by 1.8% in the third quarter. Janney Capital Management LLC now owns 116,055 shares of the software giant’s stock valued at $27,029,000 after acquiring an additional 2,097 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in shares of Microsoft by 3.9% during the third quarter. Janney Montgomery Scott LLC now owns 2,075,832 shares of the software giant’s stock valued at $483,462,000 after acquiring an additional 78,515 shares in the last quarter. Emerald Mutual Fund Advisers Trust increased its position in shares of Microsoft by 1.7% in the 3rd quarter. Emerald Mutual Fund Advisers Trust now owns 6,953 shares of the software giant’s stock worth $1,619,000 after purchasing an additional 113 shares during the last quarter. Finally, Matrix Trust Co lifted its position in shares of Microsoft by 41.3% in the 3rd quarter. Matrix Trust Co now owns 3,910 shares of the software giant’s stock worth $911,000 after buying an additional 1,142 shares during the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of analysts recently commented on MSFT shares. Cowen dropped their target price on shares of Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a report on Thursday, January 19th. Fundamental Research lowered their price objective on Microsoft to $270.00 and set a “buy” rating on the stock in a report on Tuesday, November 8th. Rosenblatt Securities reduced their target price 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. JPMorgan Chase & Co. set a $275.00 target price on Microsoft in a research note on Tuesday. Finally, Citigroup reduced their price objective on shares of Microsoft from $282.00 to $280.00 and set a “buy” rating on the stock in a research note on Thursday, January 19th. One equities research 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 stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $287.79.
Microsoft Trading Down 0.2 %
Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, January 24th. The software giant reported $2.32 EPS for the quarter, topping analysts’ consensus estimates of $2.30 by $0.02. Microsoft had a net margin of 34.37% and a return on equity of 42.10%. The business had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. During the same period last year, the company posted $2.48 earnings per share. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 9.51 EPS for the current year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 9th. Stockholders of record on Wednesday, February 15th will be given a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date is Wednesday, February 15th. Microsoft’s payout ratio is currently 29.31%.
Insider Activity at Microsoft
In other Microsoft news, EVP Judson Althoff sold 24,144 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now directly owns 150,047 shares in the company, valued at $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 corporate insiders.
Microsoft Company Profile
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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