Bourgeon Capital Management Reduces Position in Microsoft Co.
Bourgeon Capital Management LLC has announced a 2.0% reduction in its position in Microsoft Co. (NASDAQ:MSFT) during the third quarter. The firm now owns 51,765 shares of the software giant's stock, a decrease of 1,041 shares. Microsoft accounts for approximately 3.8% of Bourgeon Capital Management LLC's holdings, making it their second biggest holding. The firm's holdings in Microsoft were valued at $16,345,000 at the end of the most recent quarter.
Other Investors Modify Holdings in Microsoft
In addition to Bourgeon Capital Management LLC, other large investors have also made changes to their holdings in Microsoft. Various firms have either purchased new positions or increased their holdings in the company, with investments ranging from $28,000 to $601,000. Hedge funds and other institutional investors currently own 69.20% of Microsoft's stock.
Insider Transactions and Ownership
Insider transactions have also been reported, including Bradford L. Smith selling 45,000 shares and other transactions resulting in a total sale of 72,984 shares of company stock valued at $28,978,803. Corporate insiders currently own 0.03% of Microsoft's stock.
Analysts' Reports and Target Price
Several research analysts have issued reports on MSFT shares, primarily with buy ratings and target prices ranging significantly. The consensus rating from research analysts is a "Moderate Buy" with a consensus target price of $411.06.
Stock Performance and Financials
Microsoft stock opened at $404.06, with a fifty-two week low of $245.61 and a high of $420.82. The company has a market capitalization of $3.00 trillion, indicating a solid position. Microsoft reported earnings per share (EPS) of $2.93 for the quarter, beating expectations. The company had revenue of $62.02 billion during the quarter, showing a year-over-year growth of 17.6%. Analysts forecast that Microsoft will post 11.6 earnings per share for the current year.
Dividend and Payout Ratio
Microsoft has declared a quarterly dividend of $0.75 per share, payable on a mentioned schedule, resulting in a 0.74% yield. The company's dividend payout ratio (DPR) is 27.12%.
Company Background
Microsoft Corporation is a global technology company that develops and supports software, services, devices, and solutions. The company has a broad product and service portfolio in various segments of the technology industry.
Analyst comment
Positive news. Analysts expect the market for Microsoft to remain stable or possibly improve due to strong financial ratios, higher-than-expected earnings per share, and positive year-over-year growth. The company’s quarterly dividend and the support of large institutional investors also contribute to a positive outlook.
