Sandy Spring Bank cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 274,932 shares of the software giant’s stock after selling 3,878 shares during the quarter. Microsoft makes up about 2.1% of Sandy Spring Bank’s investment portfolio, making the stock its 7th largest position. Sandy Spring Bank’s holdings in Microsoft were worth $23,518,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in MSFT. Kohmann Bosshard Financial Services LLC bought a new position in Microsoft in the fourth quarter worth about $103,000. Cerebellum GP LLC bought a new position in Microsoft in the fourth quarter worth about $134,000. Family Capital Trust Co bought a new position in Microsoft in the fourth quarter worth about $188,000. NewSquare Capital LLC raised its holdings in Microsoft by 470.8% in the third quarter. NewSquare Capital LLC now owns 119,729 shares of the software giant’s stock worth $193,000 after purchasing an additional 98,752 shares in the last quarter. Finally, Mitchell Capital Management Co. bought a new position in Microsoft in the third quarter worth about $201,000. 72.44% of the stock is owned by institutional investors.
In related news, EVP Christopher C. Capossela sold 3,500 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $93.00, for a total value of $325,500.00. Following the transaction, the executive vice president now owns 171,278 shares in the company, valued at approximately $15,928,854. The sale was disclosed in a filing with the SEC, which is available through this link. 1.49% of the stock is currently owned by corporate insiders.
Shares of Microsoft opened at $97.60 on Tuesday, MarketBeat Ratings reports. Microsoft Co. has a twelve month low of $67.43 and a twelve month high of $98.69. The company has a debt-to-equity ratio of 1.00, a quick ratio of 3.35 and a current ratio of 3.40. The company has a market capitalization of $741.95 billion, a P/E ratio of 29.49, a price-to-earnings-growth ratio of 2.12 and a beta of 1.04.
Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 26th. The software giant reported $0.95 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.10. Microsoft had a net margin of 13.72% and a return on equity of 36.49%. The company had revenue of $26.82 billion for the quarter, compared to the consensus estimate of $25.78 billion. During the same quarter in the prior year, the company earned $0.73 EPS. Microsoft’s quarterly revenue was up 15.5% on a year-over-year basis. analysts forecast that Microsoft Co. will post 3.8 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, May 16th. This represents a $1.68 annualized dividend and a yield of 1.72%. Microsoft’s dividend payout ratio (DPR) is presently 50.76%.
A number of brokerages have commented on MSFT. MED reiterated a “buy” rating on shares of Microsoft in a report on Tuesday, May 8th. Evercore ISI boosted their target price on shares of Microsoft from $115.00 to $118.00 and gave the stock an “outperform” rating in a report on Tuesday, May 15th. Credit Suisse Group reiterated an “outperform” rating and issued a $115.00 target price on shares of Microsoft in a report on Thursday, May 10th. Macquarie reiterated a “neutral” rating and issued a $100.00 target price on shares of Microsoft in a report on Monday, April 30th. Finally, Stifel Nicolaus boosted their target price on shares of Microsoft from $105.00 to $107.00 and gave the stock a “buy” rating in a report on Friday, April 27th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and thirty-three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $103.13.
Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company's Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype, Outlook.com, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network.
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