Polaris Capital Management LLC Sells 56,100 Shares of Microsoft Co. (NASDAQ:MSFT)

Polaris Capital Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 31.1% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 124,026 shares of the software giant’s stock after selling 56,100 shares during the period. Microsoft comprises approximately 2.1% of Polaris Capital Management LLC’s investment portfolio, making the stock its 15th biggest holding. Polaris Capital Management LLC’s holdings in Microsoft were worth $39,161,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Oak Ridge Investments LLC raised its position in shares of Microsoft by 3.1% in the third quarter. Oak Ridge Investments LLC now owns 222,672 shares of the software giant’s stock worth $70,309,000 after acquiring an additional 6,745 shares during the period. Nvwm LLC raised its position in shares of Microsoft by 2.6% during the 3rd quarter. Nvwm LLC now owns 38,739 shares of the software giant’s stock worth $12,232,000 after purchasing an additional 994 shares during the last quarter. Joseph P. Lucia & Associates LLC raised its position in shares of Microsoft by 7.1% during the 3rd quarter. Joseph P. Lucia & Associates LLC now owns 2,026 shares of the software giant’s stock worth $640,000 after purchasing an additional 135 shares during the last quarter. Tandem Investment Advisors Inc. raised its position in shares of Microsoft by 16.9% during the 3rd quarter. Tandem Investment Advisors Inc. now owns 196,726 shares of the software giant’s stock worth $62,116,000 after purchasing an additional 28,478 shares during the last quarter. Finally, Matrix Trust Co grew its stake in Microsoft by 1.6% during the 3rd quarter. Matrix Trust Co now owns 6,419 shares of the software giant’s stock valued at $2,027,000 after acquiring an additional 104 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 0.0 %

NASDAQ:MSFT opened at $414.11 on Friday. Microsoft Co. has a twelve month low of $245.61 and a twelve month high of $415.56. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The business has a 50 day moving average price of $384.47 and a two-hundred day moving average price of $353.64. The company has a market cap of $3.08 trillion, a P/E ratio of 37.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same quarter in the prior year, the business earned $2.32 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 11.6 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Investors of record on Thursday, February 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s payout ratio is currently 27.12%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Oppenheimer reaffirmed an “outperform” rating and set a $410.00 price objective on shares of Microsoft in a research note on Wednesday, October 25th. Mizuho upped their price objective on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, December 15th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 1st. Piper Sandler reiterated an “overweight” rating and set a $455.00 target price on shares of Microsoft in a report on Thursday, January 25th. Finally, BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $411.06.

Check Out Our Latest Analysis on Microsoft

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 24,681 shares of the firm’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at $67,807,809. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $369.00, for a total value of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares in the company, valued at $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,984 shares of company stock worth $28,978,803. Company insiders own 0.03% of the company’s stock.

Microsoft Profile

(Free Report)

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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