Amitell Capital Pte Ltd Lowers Holdings in Microsoft Co. (NASDAQ:MSFT)

Amitell Capital Pte Ltd lowered its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,620 shares of the software giant’s stock after selling 2,592 shares during the period. Microsoft makes up about 3.1% of Amitell Capital Pte Ltd’s holdings, making the stock its 8th biggest position. Amitell Capital Pte Ltd’s holdings in Microsoft were worth $4,686,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Syverson Strege & Co bought a new stake in Microsoft during the 3rd quarter worth approximately $72,000. Yale University bought a new stake in Microsoft during the 2nd quarter worth approximately $110,000. Strategic Asset Management LLC purchased a new position in Microsoft in the 3rd quarter worth approximately $168,000. Advanced Research Investment Solutions LLC grew its stake in Microsoft by 914.3% in the 3rd quarter. Advanced Research Investment Solutions LLC now owns 639 shares of the software giant’s stock worth $180,000 after buying an additional 576 shares in the last quarter. Finally, Lake Point Wealth Management grew its stake in Microsoft by 11.6% in the 3rd quarter. Lake Point Wealth Management now owns 666 shares of the software giant’s stock worth $188,000 after buying an additional 69 shares in the last quarter. 69.01% of the stock is currently owned by institutional investors.

NASDAQ:MSFT opened at $310.20 on Friday. The firm has a market cap of $2.33 trillion, a P/E ratio of 34.70, a P/E/G ratio of 2.89 and a beta of 0.86. The company has a debt-to-equity ratio of 0.33, a quick ratio of 2.12 and a current ratio of 2.16. Microsoft Co. has a fifty-two week low of $212.03 and a fifty-two week high of $349.67. The firm has a 50-day simple moving average of $330.98 and a two-hundred day simple moving average of $307.88.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Monday, October 25th. The software giant reported $2.27 earnings per share for the quarter, beating analysts’ consensus estimates of $2.08 by $0.19. The business had revenue of $45.32 billion during the quarter, compared to analyst estimates of $44 billion. Microsoft had a net margin of 38.51% and a return on equity of 45.80%. Microsoft’s revenue was up 22.0% compared to the same quarter last year. During the same period last year, the business earned $1.82 EPS. On average, equities research analysts predict that Microsoft Co. will post 9.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 10th. Stockholders of record on Thursday, February 17th will be paid a $0.62 dividend. The ex-dividend date is Wednesday, February 16th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 27.74%.

A number of brokerages have recently issued reports on MSFT. Evercore ISI upped their price objective on shares of Microsoft from $325.00 to $370.00 and gave the company an “outperform” rating in a research note on Wednesday, October 27th. KeyCorp upped their price target on shares of Microsoft from $342.00 to $365.00 and gave the company an “overweight” rating in a report on Monday, October 25th. Credit Suisse Group started coverage on shares of Microsoft in a report on Tuesday, November 16th. They set an “outperform” rating and a $400.00 price target for the company. Mizuho upped their price objective on shares of Microsoft from $350.00 to $360.00 and gave the stock a “buy” rating in a report on Wednesday, October 27th. Finally, Cowen raised their target price on shares of Microsoft from $320.00 to $360.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 27th. One investment analyst has rated the stock with a hold rating, thirty-three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $351.34.

In related news, Director Teri List sold 1,650 shares of the business’s stock in a transaction that occurred on Tuesday, December 7th. The shares were sold at an average price of $334.90, for a total transaction of $552,585.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 55,000 shares of the business’s stock in a transaction that occurred on Monday, November 1st. The shares were sold at an average price of $328.60, for a total transaction of $18,073,000.00. The disclosure for this sale can be found here. Insiders sold 530,699 shares of company stock valued at $181,312,457 over the last quarter. Company insiders own 0.05% of the company’s stock.

Microsoft Company Profile

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes; Intelligent Cloud; and More Personal Computing. The Productivity and Business Processes segment comprises products and services in the portfolio of productivity, communication, and information services of the company spanning a variety of devices and platform.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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