Allworth Financial LP trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 97,693 shares of the software giant’s stock after selling 941 shares during the period. Microsoft accounts for 0.6% of Allworth Financial LP’s portfolio, making the stock its 24th largest holding. Allworth Financial LP’s holdings in Microsoft were worth $20,548,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in MSFT. Cambridge Trust Co. grew its stake in Microsoft by 1.1% during the third quarter. Cambridge Trust Co. now owns 450,963 shares of the software giant’s stock valued at $94,851,000 after acquiring an additional 4,863 shares in the last quarter. Menora Mivtachim Holdings LTD. grew its stake in Microsoft by 1.7% during the third quarter. Menora Mivtachim Holdings LTD. now owns 963,585 shares of the software giant’s stock valued at $202,671,000 after acquiring an additional 16,063 shares in the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co grew its stake in shares of Microsoft by 6.6% in the 3rd quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 116,380 shares of the software giant’s stock worth $24,478,000 after buying an additional 7,220 shares in the last quarter. Legacy Wealth Planning LLC grew its stake in shares of Microsoft by 5.1% in the 3rd quarter. Legacy Wealth Planning LLC now owns 7,596 shares of the software giant’s stock worth $1,598,000 after buying an additional 368 shares in the last quarter. Finally, Decatur Capital Management Inc. grew its stake in shares of Microsoft by 39.2% in the 3rd quarter. Decatur Capital Management Inc. now owns 236,351 shares of the software giant’s stock worth $49,712,000 after buying an additional 66,567 shares in the last quarter. Hedge funds and other institutional investors own 69.93% of the company’s stock.

A number of equities analysts have commented on MSFT shares. Morgan Stanley lifted their price objective on shares of Microsoft from $245.00 to $249.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 28th. Tigress Financial reaffirmed a “buy” rating on shares of Microsoft in a research note on Sunday, November 1st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $255.00 price target (up from $235.00) on shares of Microsoft in a research note on Wednesday, October 28th. Barclays reaffirmed a “buy” rating and set a $250.00 price target on shares of Microsoft in a research note on Wednesday, October 28th. Finally, BMO Capital Markets lifted their price target on shares of Microsoft from $235.00 to $245.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. Three research analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $230.46.

In other Microsoft news, EVP Jean Philippe Courtois sold 15,014 shares of the business’s stock in a transaction that occurred on Tuesday, August 25th. The shares were sold at an average price of $213.59, for a total transaction of $3,206,840.26. Following the sale, the executive vice president now owns 545,484 shares of the company’s stock, valued at approximately $116,509,927.56. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 104,500 shares of the business’s stock in a transaction that occurred on Thursday, November 5th. The stock was sold at an average price of $222.52, for a total transaction of $23,253,340.00. Following the sale, the chief executive officer now directly owns 1,392,573 shares in the company, valued at approximately $309,875,343.96. The disclosure for this sale can be found here. In the last ninety days, insiders sold 422,556 shares of company stock worth $93,282,154. Insiders own 0.05% of the company’s stock.

Shares of Microsoft stock opened at $210.39 on Friday. The firm’s 50 day moving average price is $213.80 and its 200-day moving average price is $204.25. The company has a quick ratio of 2.49, a current ratio of 2.53 and a debt-to-equity ratio of 0.46. Microsoft Co. has a 52-week low of $132.52 and a 52-week high of $232.86. The company has a market cap of $1,590.65 billion, a P/E ratio of 33.99, a PEG ratio of 2.58 and a beta of 0.87.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, October 27th. The software giant reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.53 by $0.29. Microsoft had a net margin of 32.28% and a return on equity of 40.74%. As a group, equities research analysts forecast that Microsoft Co. will post 6.74 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Thursday, November 19th will be given a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, November 18th. This represents a $2.24 dividend on an annualized basis and a dividend yield of 1.06%. This is an increase from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s payout ratio is presently 38.89%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, as well as related Client Access Licenses (CAL); Skype, Outlook.com, and OneDrive; LinkedIn that includes Talent, Learning, Sales, and Marketing solutions, as well as premium subscriptions; and Dynamics 365, a set of cloud-based and on-premises business solutions for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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