Microsoft Co. (NASDAQ:MSFT) Position Raised by Sunpointe LLC

Sunpointe LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 13,503 shares of the software giant’s stock after purchasing an additional 254 shares during the quarter. Microsoft comprises 6.3% of Sunpointe LLC’s portfolio, making the stock its biggest holding. Sunpointe LLC’s holdings in Microsoft were worth $5,681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strategic Financial Concepts LLC boosted its position in shares of Microsoft by 3.4% during the third quarter. Strategic Financial Concepts LLC now owns 5,184 shares of the software giant’s stock valued at $1,637,000 after buying an additional 172 shares during the period. Hirtle Callaghan & Co LLC boosted its holdings in Microsoft by 0.5% during the 3rd quarter. Hirtle Callaghan & Co LLC now owns 33,215 shares of the software giant’s stock valued at $10,488,000 after acquiring an additional 152 shares during the period. Kestra Private Wealth Services LLC grew its position in Microsoft by 11.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 257,791 shares of the software giant’s stock valued at $81,398,000 after acquiring an additional 25,893 shares during the last quarter. Keystone Financial Services increased its stake in Microsoft by 6.5% in the third quarter. Keystone Financial Services now owns 2,339 shares of the software giant’s stock worth $739,000 after purchasing an additional 142 shares during the period. Finally, Valmark Advisers Inc. lifted its holdings in Microsoft by 4.9% during the 3rd quarter. Valmark Advisers Inc. now owns 55,344 shares of the software giant’s stock valued at $17,475,000 after buying an additional 2,569 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last three months. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.3 %

Shares of MSFT stock opened at $460.77 on Thursday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $461.02. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock’s fifty day moving average is $426.26 and its two-hundred day moving average is $411.42. The firm has a market capitalization of $3.42 trillion, a P/E ratio of 39.89, a PEG ratio of 2.36 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.45 EPS. Research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Ratings Changes

A number of analysts recently issued reports on MSFT shares. Piper Sandler reiterated an “overweight” rating and issued a $465.00 price target (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. Morgan Stanley lifted their price target on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, May 24th. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, May 22nd. Finally, The Goldman Sachs Group lifted their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $467.12.

About Microsoft

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.