Motco Cuts Position in Microsoft Co. (NASDAQ:MSFT)

Motco decreased its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,184 shares of the software giant’s stock after selling 4,058 shares during the period. Microsoft makes up about 1.5% of Motco’s investment portfolio, making the stock its 10th largest position. Motco’s holdings in Microsoft were worth $22,632,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. CBIZ Investment Advisory Services LLC boosted its stake in shares of Microsoft by 20.5% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 3,213 shares of the software giant’s stock valued at $1,208,000 after purchasing an additional 546 shares during the period. Brady Family Wealth LLC lifted its stake in Microsoft by 1.4% in the fourth quarter. Brady Family Wealth LLC now owns 45,141 shares of the software giant’s stock worth $16,975,000 after acquiring an additional 637 shares during the period. Firetrail Investments PTY Ltd. purchased a new stake in Microsoft in the fourth quarter worth about $11,851,000. Norges Bank purchased a new stake in Microsoft in the fourth quarter worth about $35,920,047,000. Finally, Monolith Management Ltd purchased a new stake in Microsoft in the fourth quarter worth about $44,561,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 47,521 shares of company stock valued at $19,746,476 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSFT. KeyCorp began coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Jefferies Financial Group upped their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Evercore ISI raised their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Piper Sandler restated an “overweight” rating and issued a $465.00 price target (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Finally, Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $457.91.

Check Out Our Latest Stock Report on Microsoft

Microsoft Stock Performance

MSFT opened at $424.52 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.16 trillion, a PE ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 0.89. The firm has a 50 day moving average of $416.13 and a two-hundred day moving average of $402.07.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.45 EPS. On average, analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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