Microsoft Corporation $MSFT Stock: Overbrook Management Corp Trims Position

Overbrook Management Corp reduced its stake in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 87,234 shares of the software giant’s stock after selling 1,319 shares during the period. Microsoft makes up approximately 7.1% of Overbrook Management Corp’s portfolio, making the stock its 2nd biggest position. Overbrook Management Corp’s holdings in Microsoft were worth $44,742,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Montgomery Financial Services LLC purchased a new position in shares of Microsoft during the second quarter worth $26,000. Frankly Finances LLC acquired a new stake in shares of Microsoft in the second quarter valued at $35,000. Bard Associates Inc. purchased a new stake in shares of Microsoft in the 2nd quarter valued at $37,000. PMV Capital Advisers LLC purchased a new stake in shares of Microsoft in the 2nd quarter valued at $38,000. Finally, Fiduciary Advisors Inc. lifted its stake in Microsoft by 37.4% during the 2nd quarter. Fiduciary Advisors Inc. now owns 125 shares of the software giant’s stock worth $47,000 after acquiring an additional 34 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 2.2%

MSFT stock opened at $533.16 on Wednesday. The company’s 50 day moving average price is $517.80 and its 200 day moving average price is $441.10. The firm has a market capitalization of $3.96 trillion, a price-to-earnings ratio of 27.83, a PEG ratio of 1.61 and a beta of 1.05. Microsoft Corporation has a fifty-two week low of $349.20 and a fifty-two week high of $559.15. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.21 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Wednesday, October 28th. The software giant reported $4.89 EPS for the quarter, topping the consensus estimate of $4.72 by $0.17. Microsoft had a net margin of 41.17% and a return on equity of 31.28%. The company had revenue of $92.28 billion during the quarter, compared to analysts’ expectations of $90.62 billion. During the same quarter in the previous year, the business posted $4.13 EPS. The firm’s revenue was up 18.8% on a year-over-year basis. On average, equities research analysts anticipate that Microsoft Corporation will post 19.87 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.98 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.91. This represents a $3.92 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, November 19th. Microsoft’s payout ratio is 19.00%.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Hood sold 7,305 shares of Microsoft stock in a transaction dated Monday, November 9th. The stock was sold at an average price of $544.37, for a total transaction of $3,976,622.85. Following the completion of the sale, the executive vice president directly owned 548,091 shares of the company’s stock, valued at $298,364,297.67. The trade was a 1.32% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Satya Nadella sold 86,525 shares of the company’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $501.46, for a total value of $43,388,826.50. Following the transaction, the chief executive officer directly owned 486,763 shares of the company’s stock, valued at approximately $244,092,173.98. This represents a 15.09% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 142,809 shares of company stock worth $72,114,646. 0.03% of the stock is owned by insiders.

Key Headlines Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

Analyst Ratings Changes

Several research firms have weighed in on MSFT. Tigress Financial lifted their target price on Microsoft from $680.00 to $690.00 and gave the company a “buy” rating in a research report on Wednesday, August 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Microsoft in a research note on Tuesday. Jefferies Financial Group increased their price target on shares of Microsoft from $575.00 to $650.00 and gave the stock a “buy” rating in a research report on Wednesday, October 14th. Truist Financial reissued a “buy” rating and issued a $630.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, October 29th. Finally, Piper Sandler restated an “overweight” rating and issued a $650.00 price objective (up from $610.00) on shares of Microsoft in a report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, forty-six have issued a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $609.54.

Read Our Latest Analysis on MSFT

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company that develops software, cloud services, devices, and digital solutions for consumers, businesses, and public-sector organizations. Founded in 1975 by Bill Gates and Paul Allen, the company is headquartered in Redmond, Washington. Its products and services include the Windows operating system, Microsoft 365 productivity applications, Azure cloud computing, LinkedIn, GitHub, Surface devices, and Xbox gaming products and services. Microsoft also provides business software, cybersecurity tools, and artificial intelligence technologies.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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