Investors Asset Management of Georgia Inc. GA ADV trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 2.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,290 shares of the software giant’s stock after selling 490 shares during the quarter. Microsoft makes up approximately 2.3% of Investors Asset Management of Georgia Inc. GA ADV’s portfolio, making the stock its 5th biggest holding. Investors Asset Management of Georgia Inc. GA ADV’s holdings in Microsoft were worth $3,426,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Virtus ETF Advisers LLC raised its position in shares of Microsoft by 230.5% in the second quarter. Virtus ETF Advisers LLC now owns 195 shares of the software giant’s stock worth $40,000 after buying an additional 136 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Microsoft in the 3rd quarter worth about $45,000. Selective Wealth Management Inc. raised its holdings in shares of Microsoft by 26.9% in the 2nd quarter. Selective Wealth Management Inc. now owns 236 shares of the software giant’s stock valued at $48,000 after acquiring an additional 50 shares in the last quarter. Virtus Alternative Investment Advisers Inc. bought a new stake in shares of Microsoft during the 2nd quarter valued at about $48,000. Finally, Your Advocates Ltd. LLP grew its holdings in shares of Microsoft by 588.2% during the second quarter. Your Advocates Ltd. LLP now owns 351 shares of the software giant’s stock worth $71,000 after purchasing an additional 300 shares in the last quarter. Institutional investors own 69.93% of the company’s stock.

In other Microsoft news, CFO Amy Hood sold 80,000 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $218.14, for a total transaction of $17,451,200.00. Following the completion of the transaction, the chief financial officer now owns 452,720 shares of the company’s stock, valued at $98,756,340.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Christopher C. Capossela sold 23,000 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $210.70, for a total transaction of $4,846,100.00. Following the sale, the chief marketing officer now owns 122,943 shares in the company, valued at approximately $25,904,090.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 164,067 shares of company stock valued at $35,247,737. 1.39% of the stock is owned by insiders.

MSFT has been the subject of several research analyst reports. Mizuho lifted their target price on shares of Microsoft from $240.00 to $255.00 and gave the company a “buy” rating in a research report on Thursday. Wedbush upped their target price on shares of Microsoft from $220.00 to $260.00 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Oppenheimer initiated coverage on Microsoft in a research report on Monday, August 3rd. They set a “hold” rating on the stock. Royal Bank of Canada lifted their price target on Microsoft from $230.00 to $250.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 13th. Finally, Morgan Stanley increased their price objective on Microsoft from $230.00 to $245.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Four equities research analysts have rated the stock with a hold rating, thirty-one have given a buy rating and one has assigned a strong buy rating to the company’s stock. Microsoft currently has a consensus rating of “Buy” and a consensus target price of $220.30.

MSFT opened at $219.66 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 2.49 and a current ratio of 2.52. The stock has a market capitalization of $1,662.31 billion, a PE ratio of 38.20, a price-to-earnings-growth ratio of 2.54 and a beta of 0.92. The stock’s 50 day moving average price is $211.82 and its 200-day moving average price is $196.06. Microsoft Co. has a 52-week low of $132.52 and a 52-week high of $232.86.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, July 22nd. The software giant reported $1.46 earnings per share for the quarter, beating the consensus estimate of $1.34 by $0.12. Microsoft had a net margin of 30.96% and a return on equity of 39.45%. The business had revenue of $38.03 billion for the quarter, compared to analysts’ expectations of $36.59 billion. Research analysts forecast that Microsoft Co. will post 6.36 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Investors of record on Thursday, November 19th will be given a dividend of $0.56 per share. The ex-dividend date is Wednesday, November 18th. This represents a $2.24 annualized dividend and a dividend yield of 1.02%. This is a boost from Microsoft’s previous quarterly dividend of $0.51. Microsoft’s payout ratio is currently 35.42%.

Microsoft Company Profile

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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