Gryphon Financial Partners LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,647 shares of the software giant’s stock after purchasing an additional 713 shares during the period. Microsoft comprises about 1.7% of Gryphon Financial Partners LLC’s portfolio, making the stock its 14th largest holding. Gryphon Financial Partners LLC’s holdings in Microsoft were worth $5,423,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Geode Capital Management LLC grew its position in shares of Microsoft by 2.0% in the first quarter. Geode Capital Management LLC now owns 115,684,966 shares of the software giant’s stock valued at $18,213,038,000 after purchasing an additional 2,283,447 shares in the last quarter. Capital International Investors grew its position in shares of Microsoft by 3.5% in the first quarter. Capital International Investors now owns 103,523,946 shares of the software giant’s stock valued at $16,326,780,000 after purchasing an additional 3,527,148 shares in the last quarter. Capital Research Global Investors grew its position in shares of Microsoft by 0.5% in the first quarter. Capital Research Global Investors now owns 93,247,848 shares of the software giant’s stock valued at $14,706,128,000 after purchasing an additional 471,612 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Microsoft by 2.0% in the second quarter. Bank of New York Mellon Corp now owns 85,075,509 shares of the software giant’s stock valued at $17,313,715,000 after purchasing an additional 1,667,999 shares in the last quarter. Finally, Legal & General Group Plc grew its position in shares of Microsoft by 2.8% in the first quarter. Legal & General Group Plc now owns 46,522,802 shares of the software giant’s stock valued at $7,337,453,000 after purchasing an additional 1,251,930 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.
Shares of NASDAQ:MSFT opened at $208.78 on Wednesday. The company has a quick ratio of 2.49, a current ratio of 2.52 and a debt-to-equity ratio of 0.50. The company has a market cap of $1,579.97 billion, a P/E ratio of 36.31, a PEG ratio of 2.33 and a beta of 0.89. Microsoft Co. has a 52 week low of $132.52 and a 52 week high of $232.86. The company has a 50-day moving average price of $212.36 and a 200 day moving average price of $187.59.
Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The company had revenue of $38.03 billion during the quarter, compared to the consensus estimate of $36.59 billion. Analysts expect that Microsoft Co. will post 6.39 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Thursday, November 19th will be paid a $0.56 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.51. This represents a $2.24 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Wednesday, November 18th. Microsoft’s payout ratio is presently 35.42%.
In other Microsoft news, EVP Kathleen T. Hogan sold 30,871 shares of the business’s stock in a transaction on Monday, August 17th. The shares were sold at an average price of $209.90, for a total value of $6,479,822.90. Following the transaction, the executive vice president now owns 176 shares in the company, valued at approximately $36,942.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 23,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the completion of the sale, the chief marketing officer now directly owns 122,943 shares of the company’s stock, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Insiders sold a total of 164,067 shares of company stock valued at $35,247,737 over the last ninety days. 1.39% of the stock is owned by corporate insiders.
A number of equities research analysts have recently issued reports on the company. Tigress Financial restated a “buy” rating on shares of Microsoft in a research report on Friday, July 31st. UBS Group upped their price objective on Microsoft from $207.00 to $232.00 and gave the company a “buy” rating in a report on Thursday, July 23rd. Raymond James upped their price objective on Microsoft from $208.00 to $225.00 and gave the company a “strong-buy” rating in a report on Monday, July 20th. Summit Insights began coverage on Microsoft in a report on Wednesday, May 27th. They issued a “buy” rating and a $220.00 price objective on the stock. Finally, Piper Sandler upped their price objective on Microsoft from $192.00 to $218.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Four analysts have rated the stock with a hold rating, thirty-two have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $216.72.
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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