Bradley Mark J. Lowers Stake in Microsoft Co. (NASDAQ:MSFT)

Bradley Mark J. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 17,784 shares of the software giant’s stock after selling 475 shares during the period. Microsoft accounts for about 3.4% of Bradley Mark J.’s investment portfolio, making the stock its 7th largest position. Bradley Mark J.’s holdings in Microsoft were worth $5,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Amundi bought a new stake in Microsoft during the 2nd quarter worth approximately $6,689,996,000. Price T Rowe Associates Inc. MD raised its stake in Microsoft by 7.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 192,408,922 shares of the software giant’s stock worth $52,123,577,000 after acquiring an additional 13,584,306 shares during the period. SG Americas Securities LLC raised its stake in Microsoft by 1,106.1% during the 3rd quarter. SG Americas Securities LLC now owns 11,520,216 shares of the software giant’s stock worth $3,247,779,000 after acquiring an additional 12,665,264 shares during the period. Nordea Investment Management AB raised its stake in Microsoft by 97.9% during the 3rd quarter. Nordea Investment Management AB now owns 21,921,340 shares of the software giant’s stock worth $6,277,833,000 after acquiring an additional 10,842,148 shares during the period. Finally, Macquarie Group Ltd. raised its stake in Microsoft by 337.3% during the 2nd quarter. Macquarie Group Ltd. now owns 12,170,156 shares of the software giant’s stock worth $3,296,895,000 after acquiring an additional 9,387,405 shares during the period. Institutional investors own 69.01% of the company’s stock.

A number of equities research analysts have issued reports on MSFT shares. Fundamental Research increased their price objective on shares of Microsoft from $281.78 to $299.93 and gave the company a “hold” rating in a report on Monday, November 22nd. Cowen increased their price objective on shares of Microsoft from $320.00 to $360.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Tigress Financial reaffirmed a “buy” rating and set a $366.00 price objective (up from $303.00) on shares of Microsoft in a report on Friday, September 17th. Royal Bank of Canada increased their price objective on shares of Microsoft from $360.00 to $380.00 and gave the company an “outperform” rating in a report on Wednesday, October 27th. Finally, Piper Sandler increased their price objective on shares of Microsoft from $310.00 to $352.00 and gave the company an “overweight” rating in a report on Wednesday, October 27th. One analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $351.34.

NASDAQ:MSFT opened at $310.20 on Friday. Microsoft Co. has a twelve month low of $212.03 and a twelve month high of $349.67. The company has a market cap of $2.33 trillion, a price-to-earnings ratio of 34.70, a price-to-earnings-growth ratio of 2.89 and a beta of 0.86. The stock has a fifty day simple moving average of $330.98 and a 200-day simple moving average of $307.88. The company has a current ratio of 2.16, a quick ratio of 2.12 and a debt-to-equity ratio of 0.33.

Microsoft (NASDAQ:MSFT) last released its earnings results on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, topping the consensus estimate of $2.08 by $0.19. Microsoft had a return on equity of 45.80% and a net margin of 38.51%. The business had revenue of $45.32 billion during the quarter, compared to the consensus estimate of $44 billion. During the same period last year, the company earned $1.82 earnings per share. The business’s revenue for the quarter was up 22.0% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 9.13 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 10th. Investors of record on Thursday, February 17th will be issued a $0.62 dividend. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 annualized dividend and a dividend yield of 0.80%. Microsoft’s payout ratio is currently 27.74%.

In related news, Director Teri List sold 1,650 shares of Microsoft stock in a transaction dated Tuesday, December 7th. The stock was sold at an average price of $334.90, for a total value of $552,585.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 419,292 shares of Microsoft stock in a transaction dated Monday, November 22nd. The shares were sold at an average price of $344.61, for a total value of $144,492,216.12. The disclosure for this sale can be found here. Insiders sold 530,699 shares of company stock valued at $181,312,457 over the last 90 days. 0.05% of the stock is currently owned by corporate insiders.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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