DE Burlo Group Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.1% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,379 shares of the software giant’s stock after selling 50 shares during the period. Microsoft makes up approximately 5.1% of DE Burlo Group Inc.’s portfolio, making the stock its 5th largest position. DE Burlo Group Inc.’s holdings in Microsoft were worth $41,042,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC grew its stake in shares of Microsoft by 3.3% during the 3rd quarter. Integrated Investment Consultants LLC now owns 23,272 shares of the software giant’s stock worth $10,014,000 after purchasing an additional 741 shares during the period. Thompson Siegel & Walmsley LLC grew its position in Microsoft by 9.3% during the third quarter. Thompson Siegel & Walmsley LLC now owns 101,990 shares of the software giant’s stock worth $43,886,000 after buying an additional 8,692 shares during the period. Tradewinds LLC. increased its holdings in Microsoft by 1.7% in the third quarter. Tradewinds LLC. now owns 39,447 shares of the software giant’s stock valued at $16,974,000 after buying an additional 665 shares in the last quarter. German American Bancorp Inc. lifted its position in shares of Microsoft by 7.6% during the 3rd quarter. German American Bancorp Inc. now owns 103,842 shares of the software giant’s stock valued at $44,683,000 after acquiring an additional 7,338 shares during the period. Finally, Overbrook Management Corp boosted its stake in shares of Microsoft by 15.6% during the 3rd quarter. Overbrook Management Corp now owns 91,874 shares of the software giant’s stock worth $39,533,000 after acquiring an additional 12,411 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on the company. Morgan Stanley reduced their price objective on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Cantor Fitzgerald began coverage on Microsoft in a research note on Friday, January 17th. They set an “overweight” rating and a $509.00 price target for the company. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Citigroup cut their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, TD Cowen lowered their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $512.66.
Insider Buying and Selling at Microsoft
In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last three months. 0.03% of the stock is owned by company insiders.
Microsoft Stock Performance
NASDAQ MSFT opened at $447.24 on Wednesday. The business’s 50-day simple moving average is $431.42 and its 200-day simple moving average is $425.08. The firm has a market capitalization of $3.33 trillion, a P/E ratio of 36.90, a P/E/G ratio of 2.40 and a beta of 0.90. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm earned $2.99 earnings per share. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 12.9 EPS for the current year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio is currently 27.39%.
Microsoft Company Profile
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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