Dowling & Yahnke LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 160,447 shares of the software giant’s stock after selling 1,106 shares during the quarter. Microsoft makes up about 1.6% of Dowling & Yahnke LLC’s investment portfolio, making the stock its 8th largest position. Dowling & Yahnke LLC’s holdings in Microsoft were worth $18,350,000 at the end of the most recent reporting period.
Other large investors have also recently made changes to their positions in the company. Capital Investment Advisory Services LLC boosted its stake in Microsoft by 9.6% in the third quarter. Capital Investment Advisory Services LLC now owns 12,436 shares of the software giant’s stock worth $1,422,000 after purchasing an additional 1,085 shares in the last quarter. Sander Capital Advisors Inc. increased its holdings in Microsoft by 13.1% in the third quarter. Sander Capital Advisors Inc. now owns 125,035 shares of the software giant’s stock valued at $14,300,000 after purchasing an additional 14,450 shares during the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Microsoft by 0.5% in the third quarter. Oregon Public Employees Retirement Fund now owns 1,754,847 shares of the software giant’s stock valued at $200,702,000 after purchasing an additional 9,144 shares during the last quarter. Stoneridge Investment Partners LLC increased its holdings in Microsoft by 0.3% in the third quarter. Stoneridge Investment Partners LLC now owns 196,955 shares of the software giant’s stock valued at $22,526,000 after purchasing an additional 652 shares during the last quarter. Finally, Matisse Capital increased its holdings in Microsoft by 6.8% in the third quarter. Matisse Capital now owns 15,143 shares of the software giant’s stock valued at $1,732,000 after purchasing an additional 959 shares during the last quarter. 72.12% of the stock is currently owned by institutional investors.
MSFT has been the subject of a number of recent analyst reports. Bank of America upgraded Microsoft to a “buy” rating and dropped their price objective for the company from $150.00 to $140.00 in a report on Monday, January 28th. They noted that the move was a valuation call. Credit Suisse Group reissued a “buy” rating on shares of Microsoft in a research note on Wednesday, January 2nd. Jefferies Financial Group reissued a “sell” rating and issued a $75.00 target price on shares of Microsoft in a research note on Monday, November 19th. Royal Bank of Canada reissued a “buy” rating and issued a $124.00 target price on shares of Microsoft in a research note on Monday, January 21st. Finally, Wedbush reissued an “outperform” rating and issued a $140.00 target price on shares of Microsoft in a research note on Thursday, November 29th. One analyst has rated the stock with a sell rating, three have given a hold rating, thirty-one have issued a buy rating and two have given a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $122.51.
In other Microsoft news, insider Frank H. Brod sold 7,220 shares of the firm’s stock in a transaction on Thursday, February 28th. The stock was sold at an average price of $112.76, for a total value of $814,127.20. Following the sale, the insider now owns 53,069 shares of the company’s stock, valued at approximately $5,984,060.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Jean Philippe Courtois sold 28,147 shares of the firm’s stock in a transaction on Friday, February 15th. The shares were sold at an average price of $108.14, for a total value of $3,043,816.58. Following the completion of the sale, the insider now directly owns 497,162 shares in the company, valued at approximately $53,763,098.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 333,667 shares of company stock worth $35,657,016. Corporate insiders own 1.38% of the company’s stock.
Shares of NASDAQ MSFT traded up $1.32 during trading hours on Friday, reaching $115.91. 54,025,023 shares of the stock were exchanged, compared to its average volume of 29,249,186. The firm has a market cap of $892.48 billion, a P/E ratio of 29.87, a price-to-earnings-growth ratio of 2.09 and a beta of 1.21. The company has a current ratio of 3.12, a quick ratio of 3.08 and a debt-to-equity ratio of 0.82. Microsoft Co. has a 52 week low of $87.08 and a 52 week high of $117.25.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 30th. The software giant reported $1.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.01. Microsoft had a return on equity of 39.52% and a net margin of 28.31%. The company had revenue of $32.47 billion for the quarter, compared to analyst estimates of $32.53 billion. During the same quarter last year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 12.3% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 4.41 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Wednesday, May 15th will be paid a dividend of $0.46 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $1.84 dividend on an annualized basis and a yield of 1.59%. Microsoft’s dividend payout ratio (DPR) is presently 47.42%.
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Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company’s Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.
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