Microsoft Co. (NASDAQ:MSFT) Position Cut by Vigilare Wealth Management

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Vigilare Wealth Management lessened its position in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 1.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,112 shares of the software giant’s stock after selling 286 shares during the quarter. Microsoft comprises 4.2% of Vigilare Wealth Management’s investment portfolio, making the stock its 4th biggest holding. Vigilare Wealth Management’s holdings in Microsoft were worth $3,881,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. American National Bank grew its stake in shares of Microsoft by 12.0% in the 2nd quarter. American National Bank now owns 74,788 shares of the software giant’s stock valued at $19,208,000 after purchasing an additional 8,038 shares during the last quarter. Brookstone Capital Management grew its stake in shares of Microsoft by 7.3% in the 2nd quarter. Brookstone Capital Management now owns 115,061 shares of the software giant’s stock valued at $30,797,000 after purchasing an additional 7,795 shares during the last quarter. CVA Family Office LLC grew its stake in shares of Microsoft by 5.8% in the 2nd quarter. CVA Family Office LLC now owns 18,649 shares of the software giant’s stock valued at $4,790,000 after purchasing an additional 1,018 shares during the last quarter. Sound Income Strategies LLC grew its stake in shares of Microsoft by 12.9% in the 2nd quarter. Sound Income Strategies LLC now owns 7,373 shares of the software giant’s stock valued at $1,894,000 after purchasing an additional 845 shares during the last quarter. Finally, Flaharty Asset Management LLC grew its stake in shares of Microsoft by 24.0% in the 2nd quarter. Flaharty Asset Management LLC now owns 10,668 shares of the software giant’s stock valued at $2,740,000 after purchasing an additional 2,067 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $266.25, for a total value of $1,331,250.00. Following the transaction, the chief marketing officer now owns 109,837 shares in the company, valued at $29,244,101.25. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. UBS Group set a $330.00 target price on Microsoft in a research note on Thursday, September 15th. Itaú Unibanco started coverage on Microsoft in a report on Tuesday, July 26th. They issued an “outperform” rating and a $287.00 price target for the company. Piper Sandler reduced their price target on Microsoft from $352.00 to $312.00 and set an “overweight” rating for the company in a report on Friday, July 8th. Mizuho reduced their price target on Microsoft from $350.00 to $340.00 and set a “buy” rating for the company in a report on Tuesday, July 19th. Finally, Redburn Partners assumed coverage on Microsoft in a report on Wednesday, June 29th. They issued a “buy” rating and a $370.00 price target for the company. Three analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $332.77.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $240.98 on Friday. Microsoft Co. has a 1-year low of $237.57 and a 1-year high of $349.67. The business has a 50-day moving average of $267.65 and a 200-day moving average of $272.65. The company has a debt-to-equity ratio of 0.28, a current ratio of 1.78 and a quick ratio of 1.75. The company has a market capitalization of $1.80 trillion, a price-to-earnings ratio of 25.00, a PEG ratio of 2.04 and a beta of 0.94.

Microsoft (NASDAQ:MSFTGet Rating) last released its quarterly earnings results on Tuesday, July 26th. The software giant reported $2.23 EPS for the quarter, missing the consensus estimate of $2.28 by ($0.05). Microsoft had a return on equity of 43.31% and a net margin of 36.69%. The business had revenue of $51.87 billion during the quarter, compared to analyst estimates of $52.31 billion. During the same quarter last year, the firm posted $2.17 EPS. On average, equities analysts anticipate that Microsoft Co. will post 10.15 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 8th. Investors of record on Thursday, November 17th will be paid a $0.68 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.62. The ex-dividend date is Wednesday, November 16th. This represents a $2.72 annualized dividend and a dividend yield of 1.13%. Microsoft’s payout ratio is 25.73%.

Microsoft Company Profile

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Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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