Panagora Asset Management Inc. Cuts Holdings in Microsoft Co. (NASDAQ:MSFT)

Panagora Asset Management Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 5.6% in the 3rd quarter, HoldingsChannel reports. The firm owned 2,545,280 shares of the software giant’s stock after selling 150,553 shares during the quarter. Microsoft accounts for approximately 5.0% of Panagora Asset Management Inc.’s portfolio, making the stock its 2nd largest position. Panagora Asset Management Inc.’s holdings in Microsoft were worth $803,672,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new position in Microsoft during the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC lifted its position in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft in the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $83,000. Institutional investors own 69.20% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $415.26 on Tuesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 1-year low of $245.61 and a 1-year high of $420.82. The firm has a 50-day moving average of $386.31 and a 200-day moving average of $354.90. The firm has a market cap of $3.09 trillion, a P/E ratio of 37.55, a P/E/G ratio of 2.24 and a beta of 0.90.

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

Microsoft Dividend Announcement

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

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated 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 sale, the insider now directly owns 570,826 shares in the company, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold a total of 72,984 shares of company stock worth $28,978,803 in the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research note on Thursday, January 18th. Mizuho lifted their price target on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Macquarie lifted their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Finally, Loop Capital initiated coverage on Microsoft in a research report on Tuesday, October 17th. They set a “buy” rating and a $425.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $411.06.

Read Our Latest Stock Report on MSFT

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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