Westfield Capital Management Co. LP Sells 75,187 Shares of Microsoft Corporation $MSFT

by · The Cerbat Gem

Westfield Capital Management Co. LP lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 4.1% in the 2nd quarter, Holdings Channel reports. The fund owned 1,757,424 shares of the software giant’s stock after selling 75,187 shares during the period. Microsoft comprises 3.7% of Westfield Capital Management Co. LP’s investment portfolio, making the stock its 3rd biggest holding. Westfield Capital Management Co. LP’s holdings in Microsoft were worth $874,160,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the business. WFA Asset Management Corp lifted its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its stake in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Wealth Group Ltd. grew its stake in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock worth $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Eagle Capital Management LLC raised its holdings in shares of Microsoft by 0.4% in the 4th quarter. Eagle Capital Management LLC now owns 23,097 shares of the software giant’s stock worth $9,735,000 after purchasing an additional 96 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 2,850 shares of Microsoft stock in a transaction that occurred on Thursday, December 4th. The shares were sold at an average price of $478.72, for a total value of $1,364,352.00. Following the completion of the sale, the executive vice president directly owned 55,782 shares in the company, valued at $26,703,959.04. The trade was a 4.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Judson Althoff sold 12,750 shares of the stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of $491.52, for a total transaction of $6,266,880.00. Following the transaction, the chief executive officer owned 129,349 shares in the company, valued at approximately $63,577,620.48. This trade represents a 8.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.2%

Microsoft stock opened at $492.02 on Wednesday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The stock has a market cap of $3.66 trillion, a P/E ratio of 34.99, a P/E/G ratio of 1.84 and a beta of 1.07. The company’s fifty day simple moving average is $506.30 and its 200-day simple moving average is $502.14.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.65 by $0.48. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The business had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. During the same period last year, the company earned $3.30 earnings per share. Microsoft’s quarterly revenue was up 18.4% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be issued a $0.91 dividend. The ex-dividend date is Thursday, February 19th. This represents a $3.64 dividend on an annualized basis and a yield of 0.7%. Microsoft’s dividend payout ratio is currently 25.89%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Baird R W upgraded shares of Microsoft to a “strong-buy” rating in a research report on Friday, November 14th. Guggenheim set a $675.00 target price on Microsoft in a report on Wednesday, November 19th. DZ Bank reissued a “buy” rating on shares of Microsoft in a research note on Thursday, October 30th. Wedbush restated an “outperform” rating and set a $625.00 price objective on shares of Microsoft in a report on Wednesday, October 22nd. Finally, Piper Sandler reiterated an “overweight” rating and issued a $650.00 target price on shares of Microsoft in a report on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $632.34.

Check Out Our Latest Report on MSFT

Microsoft Profile

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Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.

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