Tompkins Financial Corp trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,068 shares of the software giant’s stock after selling 2,193 shares during the period. Microsoft accounts for approximately 1.9% of Tompkins Financial Corp’s holdings, making the stock its 10th biggest position. Tompkins Financial Corp’s holdings in Microsoft were worth $8,389,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MSFT. Capital Research Global Investors raised its position in shares of Microsoft by 212.3% during the 2nd quarter. Capital Research Global Investors now owns 69,663,044 shares of the software giant’s stock worth $4,801,874,000 after buying an additional 47,353,245 shares in the last quarter. Janus Henderson Group PLC raised its position in shares of Microsoft by 609.4% during the 2nd quarter. Janus Henderson Group PLC now owns 49,174,883 shares of the software giant’s stock worth $3,389,625,000 after buying an additional 42,243,011 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Microsoft by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 564,052,011 shares of the software giant’s stock worth $38,880,105,000 after buying an additional 25,053,413 shares in the last quarter. Tiger Global Management LLC raised its position in shares of Microsoft by 395.2% during the 2nd quarter. Tiger Global Management LLC now owns 10,487,500 shares of the software giant’s stock worth $722,903,000 after buying an additional 8,369,500 shares in the last quarter. Finally, Polen Capital Management LLC bought a new stake in shares of Microsoft during the 3rd quarter worth about $527,480,000. 73.84% of the stock is owned by hedge funds and other institutional investors.
Shares of MSFT opened at $95.00 on Friday. Microsoft Co. has a 52 week low of $65.45 and a 52 week high of $97.24. The company has a market cap of $742,568.06, a P/E ratio of 28.70, a P/E/G ratio of 2.23 and a beta of 1.07. The company has a current ratio of 2.89, a quick ratio of 2.85 and a debt-to-equity ratio of 1.01.
Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 31st. The software giant reported $0.96 EPS for the quarter, beating 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 firm had revenue of $28.92 billion for the quarter, compared to the consensus estimate of $28.42 billion. During the same period in the previous year, the firm posted $0.83 earnings per share. The firm’s revenue was up 11.9% on a year-over-year basis. equities research analysts predict that Microsoft Co. will post 3.63 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 14th. Investors of record on Thursday, May 17th will be given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date is Wednesday, May 16th. Microsoft’s payout ratio is presently 50.76%.
A number of analysts recently commented on MSFT shares. Barclays set a $95.00 target price on shares of Microsoft and gave the stock an “overweight” rating in a report on Friday, January 12th. ValuEngine upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Oppenheimer boosted their target price on shares of Microsoft to $115.00 and gave the stock an “outperform” rating in a report on Tuesday, January 9th. Credit Suisse Group reiterated an “outperform” rating and issued a $115.00 target price (up from $95.00) on shares of Microsoft in a report on Thursday, January 18th. Finally, BMO Capital Markets boosted their target price on shares of Microsoft to $100.00 and gave the stock an “outperform” rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and thirty-one have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $100.19.
In other Microsoft news, EVP Christopher C. Capossela sold 3,500 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 171,278 shares of the company’s stock, valued at $15,928,854. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Christopher C. Capossela sold 3,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $93.30, for a total transaction of $279,900.00. Following the completion of the sale, the chief marketing officer now directly owns 178,278 shares of the company’s stock, valued at $16,633,337.40. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $930,900 over the last ninety days. 1.49% of the stock is currently owned by insiders.
Microsoft Company Profile
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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