Wealthsource Partners LLC Sells 5,122 Shares of Microsoft Co. (NASDAQ:MSFT)

Wealthsource Partners LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFTGet Rating) by 7.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 65,543 shares of the software giant’s stock after selling 5,122 shares during the period. Microsoft comprises approximately 1.1% of Wealthsource Partners LLC’s investment portfolio, making the stock its 13th biggest holding. Wealthsource Partners LLC’s holdings in Microsoft were worth $15,265,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in MSFT. Vanguard Group Inc. boosted its position in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock worth $147,714,197,000 after purchasing an additional 6,129,708 shares during the period. State Street Corp boosted its holdings in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the period. Price T Rowe Associates Inc. MD grew its stake in Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares during the last quarter. Legal & General Group Plc raised its holdings in Microsoft by 1.5% in the 2nd quarter. Legal & General Group Plc now owns 54,799,110 shares of the software giant’s stock valued at $14,074,064,000 after acquiring an additional 784,656 shares during the period. Finally, Alliancebernstein L.P. lifted its position in Microsoft by 0.4% during the third quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock worth $11,514,665,000 after acquiring an additional 208,765 shares during the last quarter. 69.15% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, 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 sale, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, CMO Christopher C. Capossela sold 1,000 shares of the company’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 value of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of the firm’s stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at approximately $196,272,990. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 6,767 shares of company stock valued at $1,728,111. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Raymond James decreased their target price on Microsoft from $280.00 to $270.00 and set an “outperform” rating on the stock in a research report on Wednesday, January 25th. BMO Capital Markets cut Microsoft from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. Stifel Nicolaus reduced their target price on shares of Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. DA Davidson raised their price target on shares of Microsoft from $280.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, February 8th. Finally, Piper Sandler boosted their price objective on shares of Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a report on Wednesday, February 8th. One research analyst has rated the stock with a sell rating, five have given a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $285.58.

Microsoft Trading Up 2.7 %

Shares of MSFT stock opened at $260.79 on Wednesday. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The stock’s fifty day simple moving average is $249.41 and its 200 day simple moving average is $245.09. The company has a quick ratio of 1.89, a current ratio of 1.93 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 28.98, a P/E/G ratio of 2.28 and a beta of 0.92.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The company had revenue of $52.75 billion for the quarter, compared to analysts’ expectations of $53.17 billion. The business’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.48 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 9.34 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Shareholders of record on Thursday, May 18th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is currently 30.22%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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