Microsoft Corporation $MSFT Holdings Cut by Tompkins Financial Corp

Tompkins Financial Corp reduced its position in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 115,043 shares of the software giant’s stock after selling 2,360 shares during the period. Microsoft accounts for about 4.3% of Tompkins Financial Corp’s investment portfolio, making the stock its 4th largest position. Tompkins Financial Corp’s holdings in Microsoft were worth $55,637,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Longfellow Investment Management Co. LLC lifted its stake in shares of Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after purchasing an additional 20 shares during the period. Bayforest Capital Ltd purchased a new stake in shares of Microsoft in the third quarter valued at $38,000. LSV Asset Management acquired a new position in Microsoft in the fourth quarter valued at $44,000. Sellwood Investment Partners LLC acquired a new position in Microsoft in the third quarter valued at $49,000. Finally, University of Illinois Foundation purchased a new position in Microsoft during the second quarter worth about $50,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 2.5%

Shares of NASDAQ:MSFT opened at $356.77 on Friday. The company has a quick ratio of 1.38, a current ratio of 1.39 and a debt-to-equity ratio of 0.09. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a 50 day moving average of $409.36 and a two-hundred day moving average of $467.65. The company has a market capitalization of $2.65 trillion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 1.39 and a beta of 1.10.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its earnings results on Wednesday, January 28th. The software giant reported $4.14 EPS for the quarter, topping analysts’ consensus estimates of $3.86 by $0.28. The business had revenue of $81.27 billion for the quarter, compared to analysts’ expectations of $80.28 billion. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The business’s revenue for the quarter was up 16.7% compared to the same quarter last year. During the same period in the previous year, the company posted $3.23 earnings per share. As a group, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 11th. Shareholders of record on Thursday, May 21st will be given a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend is Thursday, May 21st. Microsoft’s dividend payout ratio is presently 22.76%.

Key Stories Impacting Microsoft

Here are the key news stories impacting Microsoft this week:

Analysts Set New Price Targets

A number of analysts have issued reports on MSFT shares. Stifel Nicolaus reissued a “hold” rating and issued a $392.00 price target (down from $540.00) on shares of Microsoft in a research note on Thursday, February 5th. Citigroup cut their price objective on shares of Microsoft from $660.00 to $635.00 and set a “buy” rating on the stock in a report on Thursday, January 29th. Cantor Fitzgerald reissued an “overweight” rating and issued a $590.00 target price on shares of Microsoft in a research report on Thursday, January 29th. DA Davidson restated a “buy” rating and issued a $650.00 target price on shares of Microsoft in a report on Thursday, January 29th. Finally, William Blair reaffirmed an “outperform” rating on shares of Microsoft in a research report on Monday, March 9th. Two equities research analysts have rated the stock with a Strong Buy rating, thirty-eight have issued a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $588.97.

Read Our Latest Analysis on Microsoft

Insider Transactions at Microsoft

In other Microsoft news, Director John W. Stanton bought 5,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was bought at an average cost of $397.35 per share, for a total transaction of $1,986,750.00. Following the completion of the purchase, the director directly owned 83,905 shares of the company’s stock, valued at approximately $33,339,651.75. The trade was a 6.34% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 12,321 shares of the business’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $409.52, for a total value of $5,045,695.92. Following the completion of the transaction, the executive vice president owned 137,933 shares in the company, valued at approximately $56,486,322.16. This trade represents a 8.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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