Israel Discount Bank of New York Sells 1,274 Shares of Microsoft Co. (NASDAQ:MSFT)


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Israel Discount Bank of New York trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 9.1% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,794 shares of the software giant’s stock after selling 1,274 shares during the period. Microsoft accounts for approximately 2.3% of Israel Discount Bank of New York’s holdings, making the stock its 8th largest holding. Israel Discount Bank of New York’s holdings in Microsoft were worth $3,016,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Resolute Partners Group acquired a new position in shares of Microsoft in the 4th quarter valued at about $26,000. Goodwin Investment Advisory purchased a new stake in shares of Microsoft during the 4th quarter valued at about $28,000. NuWave Investment Management LLC raised its holdings in shares of Microsoft by 3,250.0% during the 4th quarter. NuWave Investment Management LLC now owns 134 shares of the software giant’s stock valued at $30,000 after buying an additional 130 shares during the period. JustInvest LLC raised its holdings in shares of Microsoft by 6.1% during the 4th quarter. JustInvest LLC now owns 82,199 shares of the software giant’s stock valued at $30,000 after buying an additional 4,736 shares during the period. Finally, Kinloch Capital LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $37,000. 69.01% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently commented on MSFT. Oppenheimer raised their target price on Microsoft from $260.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, January 27th. UBS Group restated a “buy” rating and set a $275.00 price objective on shares of Microsoft in a report on Tuesday, February 9th. Argus lifted their price objective on Microsoft from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Monday. Morgan Stanley lifted their price objective on Microsoft from $285.00 to $290.00 and gave the stock an “overweight” rating in a report on Thursday, March 11th. Finally, Sanford C. Bernstein restated a “buy” rating and set a $283.00 price objective on shares of Microsoft in a report on Wednesday, January 27th. Two investment analysts have rated the stock with a hold rating, twenty-nine have given a buy rating and three have assigned a strong buy rating to the company. Microsoft presently has an average rating of “Buy” and a consensus price target of $269.41.

In related news, Director Emma N. Walmsley bought 4,300 shares of the business’s stock in a transaction dated Wednesday, March 10th. The shares were bought at an average cost of $236.80 per share, with a total value of $1,018,240.00. Following the completion of the transaction, the director now directly owns 5,026 shares of the company’s stock, valued at $1,190,156.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Jean Philippe Courtois sold 18,358 shares of the business’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $239.60, for a total value of $4,398,576.80. Following the sale, the executive vice president now directly owns 593,915 shares in the company, valued at $142,302,034. The disclosure for this sale can be found here. 0.05% of the stock is owned by insiders.

MSFT opened at $258.26 on Wednesday. Microsoft Co. has a one year low of $166.11 and a one year high of $261.48. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.49 and a current ratio of 2.53. The stock’s fifty day moving average is $241.01 and its 200-day moving average is $226.21. The company has a market capitalization of $1.95 trillion, a PE ratio of 41.72, a P/E/G ratio of 2.44 and a beta of 0.83.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Monday, January 25th. The software giant reported $2.03 EPS for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.39. Microsoft had a return on equity of 40.74% and a net margin of 32.28%. The company had revenue of $43.08 billion for the quarter, compared to the consensus estimate of $40.23 billion. The company’s quarterly revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.51 EPS. On average, equities research analysts forecast that Microsoft Co. will post 6.73 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 10th. Stockholders of record on Thursday, May 20th will be given a dividend of $0.56 per share. This represents a $2.24 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 19th. Microsoft’s dividend payout ratio (DPR) is presently 38.89%.

Microsoft 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, OneDrive, and LinkedIn; 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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