521 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Sinecera Capital LLC

Sinecera Capital LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 521 shares of the software giant’s stock, valued at approximately $219,000. Microsoft makes up approximately 0.3% of Sinecera Capital LLC’s holdings, making the stock its 29th largest position.

Several other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Friedenthal Financial acquired a new position in Microsoft during the 4th quarter valued at about $45,000. Neo Ivy Capital Management acquired a new position in Microsoft during the 4th quarter valued at about $58,000. PayPay Securities Corp lifted its position in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC acquired a new position in Microsoft during the 4th quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. lifted its position in Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was 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 of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Raymond James restated an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research note on Monday, June 17th. Sanford C. Bernstein upped their price target on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. Finally, Evercore ISI upped their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $467.12.

Microsoft Trading Up 0.3 %

NASDAQ MSFT opened at $460.77 on Friday. The company has a market cap of $3.42 trillion, a PE ratio of 39.89, a PEG ratio of 2.16 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $461.02. The stock has a 50 day moving average of $427.29 and a 200-day moving average of $411.76.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 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 the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.45 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is presently 25.97%.

Microsoft Company Profile

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.