NBT Bank N A NY reduced its position in Microsoft Co. (NASDAQ:MSFT) by 6.5% during the 3rd quarter, HoldingsChannel reports. The fund owned 208,424 shares of the software giant’s stock after selling 14,547 shares during the quarter. Microsoft makes up about 2.5% of NBT Bank N A NY’s holdings, making the stock its 5th largest holding. NBT Bank N A NY’s holdings in Microsoft were worth $15,526,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of MSFT. Acrospire Investment Management LLC boosted its holdings in shares of Microsoft by 300.0% during the second quarter. Acrospire Investment Management LLC now owns 1,600 shares of the software giant’s stock worth $110,000 after purchasing an additional 1,200 shares during the period. Stelac Advisory Services LLC boosted its holdings in shares of Microsoft by 23.5% during the second quarter. Stelac Advisory Services LLC now owns 2,033 shares of the software giant’s stock worth $140,000 after purchasing an additional 387 shares during the period. Pacific Center for Financial Services boosted its holdings in shares of Microsoft by 3.0% during the second quarter. Pacific Center for Financial Services now owns 2,572 shares of the software giant’s stock worth $177,000 after purchasing an additional 75 shares during the period. AlphaMark Advisors LLC boosted its holdings in shares of Microsoft by 1.1% during the second quarter. AlphaMark Advisors LLC now owns 2,677 shares of the software giant’s stock worth $185,000 after purchasing an additional 30 shares during the period. Finally, Ruggie Capital Group boosted its holdings in shares of Microsoft by 1,165.9% during the second quarter. Ruggie Capital Group now owns 2,823 shares of the software giant’s stock worth $195,000 after purchasing an additional 2,600 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.
MSFT has been the subject of several research reports. KeyCorp raised their price target on shares of Microsoft from $106.00 to $110.00 and gave the stock an “overweight” rating in a report on Thursday, February 1st. Royal Bank of Canada reiterated an “outperform” rating and issued a $88.00 target price (up from $85.00) on shares of Microsoft in a research note on Friday, October 27th. UBS Group set a $105.00 target price on shares of Microsoft and gave the company a “buy” rating in a research note on Thursday, November 9th. Vetr cut shares of Microsoft from a “strong-buy” rating to a “buy” rating and set a $93.77 target price for the company. in a research note on Monday, December 11th. Finally, Citigroup lifted their target price on shares of Microsoft from $74.00 to $79.00 and gave the company a “sell” rating in a research note on Friday, October 27th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, thirty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $99.14.
Microsoft Co. (NASDAQ MSFT) opened at $92.00 on Friday. Microsoft Co. has a 52-week low of $63.62 and a 52-week high of $96.07. The stock has a market cap of $708,380.00, a price-to-earnings ratio of 28.22, a P/E/G ratio of 2.14 and a beta of 1.06. The company has a debt-to-equity ratio of 1.01, a quick ratio of 2.85 and a current ratio of 2.89.
Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 31st. The software giant reported $0.96 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.09. Microsoft had a net margin of 11.72% and a return on equity of 35.41%. The business had revenue of $28.92 billion for the quarter, compared to analyst estimates of $28.42 billion. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Microsoft’s revenue was up 11.9% compared to the same quarter last year. analysts expect that Microsoft Co. will post 3.64 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 8th. Investors of record on Thursday, February 15th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 51.53%.
In related news, insider Frank H. Brod sold 18,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $83.15, for a total transaction of $1,496,700.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher C. Capossela sold 4,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $83.44, for a total transaction of $333,760.00. Following the transaction, the executive vice president now directly owns 184,278 shares in the company, valued at approximately $15,376,156.32. The disclosure for this sale can be found here. Insiders own 1.49% of the company’s stock.
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Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company’s segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company’s products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers.
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