First Citizens Bank & Trust Co. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,895 shares of the software giant’s stock after selling 6,444 shares during the quarter. Microsoft comprises about 1.5% of First Citizens Bank & Trust Co.’s holdings, making the stock its 7th largest position. First Citizens Bank & Trust Co.’s holdings in Microsoft were worth $11,282,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Acrospire Investment Management LLC boosted its holdings in Microsoft by 300.0% in the 2nd quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock valued at $110,000 after purchasing an additional 1,200 shares in the last quarter. Stelac Advisory Services LLC boosted its holdings in Microsoft by 23.5% in the 2nd quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock valued at $140,000 after purchasing an additional 387 shares in the last quarter. Pacific Center for Financial Services boosted its stake in shares of Microsoft by 3.0% during the 2nd quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after acquiring an additional 75 shares in the last quarter. AlphaMark Advisors LLC boosted its stake in shares of Microsoft by 1.1% during the 2nd quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after acquiring an additional 30 shares in the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of Microsoft by 470.8% during the 3rd quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after acquiring an additional 98,752 shares in the last quarter. 73.81% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have recently commented on MSFT shares. Oppenheimer boosted their price target on Microsoft to $115.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 9th. Citigroup boosted their price target on Microsoft to $115.00 and gave the stock a “buy” rating in a research note on Thursday, February 1st. Evercore ISI boosted their price target on Microsoft from $93.00 to $106.00 and gave the stock an “outperform” rating in a research note on Friday, December 8th. Goldman Sachs set a $100.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Tuesday, January 23rd. Finally, UBS set a $105.00 price target on Microsoft and gave the stock a “buy” rating in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and thirty-one have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $99.41.
Microsoft stock opened at $92.48 on Thursday. The company has a quick ratio of 2.85, a current ratio of 2.89 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $717,081.69, a price-to-earnings ratio of 26.53, a price-to-earnings-growth ratio of 2.15 and a beta of 1.04. Microsoft Co. has a twelve month low of $64.12 and a twelve month high of $97.24.
Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, topping analysts’ consensus estimates of $0.87 by $0.09. The business had revenue of $28.92 billion during the quarter, compared to the consensus estimate of $28.42 billion. Microsoft had a return on equity of 35.41% and a net margin of 11.72%. The business’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. equities research analysts anticipate that Microsoft Co. will post 3.65 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Stockholders of record on Thursday, May 17th will be issued a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, May 16th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.82%. Microsoft’s payout ratio is 115.07%.
In other news, CMO Christopher C. Capossela sold 3,000 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares in the company, valued at approximately $16,633,337.40. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Christopher C. Capossela sold 3,500 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $93.00, for a total value of $325,500.00. Following the sale, the executive vice president now owns 174,778 shares of the company’s stock, valued at $16,254,354. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 10,000 shares of company stock valued at $930,900. Insiders own 1.49% of the company’s stock.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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