Microsoft Co. (NASDAQ:MSFT) Shares Sold by NCM Capital Management LLC

NCM Capital Management LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,763 shares of the software giant’s stock after selling 74 shares during the quarter. Microsoft comprises about 2.8% of NCM Capital Management LLC’s portfolio, making the stock its 5th biggest holding. NCM Capital Management LLC’s holdings in Microsoft were worth $3,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. Walled Lake Planning & Wealth Management LLC raised its stake in Microsoft by 0.5% during the second quarter. Walled Lake Planning & Wealth Management LLC now owns 7,369 shares of the software giant’s stock worth $1,893,000 after acquiring an additional 38 shares in the last quarter. Financial Advisors Network Inc. increased its stake in shares of Microsoft by 1.1% in the second quarter. Financial Advisors Network Inc. now owns 3,482 shares of the software giant’s stock valued at $894,000 after buying an additional 39 shares in the last quarter. Donoghue Forlines LLC increased its stake in shares of Microsoft by 1.6% in the second quarter. Donoghue Forlines LLC now owns 2,598 shares of the software giant’s stock valued at $667,000 after buying an additional 40 shares in the last quarter. Rovin Capital UT ADV increased its stake in shares of Microsoft by 1.1% in the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock valued at $873,000 after buying an additional 40 shares in the last quarter. Finally, Fountainhead AM LLC increased its stake in shares of Microsoft by 1.0% in the second quarter. Fountainhead AM LLC now owns 4,196 shares of the software giant’s stock valued at $1,078,000 after buying an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Stock Up 2.7 %

MSFT stock opened at $260.79 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.94 trillion, a PE ratio of 28.98, a PEG ratio of 2.28 and a beta of 0.92. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $315.95. The business’s 50 day simple moving average is $249.41 and its 200 day simple moving average is $245.09.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping analysts’ consensus estimates of $2.27 by $0.05. The business had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The firm’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.48 EPS. As a group, research analysts anticipate that Microsoft Co. will post 9.34 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is presently 30.22%.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, February 13th. The stock was sold at an average price of $272.32, for a total transaction of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on Monday, February 13th. The stock was sold at an average price of $272.32, for a total value of $272,320.00. Following the completion of the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at approximately $31,687,699.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. In the last three months, insiders have sold 6,767 shares of company stock valued at $1,728,111. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of research reports. The Goldman Sachs Group set a $315.00 target price on Microsoft in a research note on Wednesday, January 25th. Stifel Nicolaus lowered their price objective on Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Mizuho lifted their price objective on Microsoft from $280.00 to $300.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Guggenheim lowered Microsoft from a “neutral” rating to a “sell” rating and set a $212.00 price objective for the company. in a research report on Tuesday, January 17th. Finally, Piper Sandler raised their target price on Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a report on Wednesday, February 8th. One analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $285.58.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.