Donald L. Hagan LLC Has $657,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Donald L. Hagan LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 24.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,470 shares of the software giant’s stock after selling 474 shares during the period. Donald L. Hagan LLC’s holdings in Microsoft were worth $657,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Bayesian Capital Management LP grew its stake in shares of Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC grew its stake in shares of Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the last quarter. Czech National Bank grew its stake in shares of Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC grew its stake in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after purchasing an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC bought a new stake in shares of Microsoft in the fourth quarter worth $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. BMO Capital Markets boosted their price objective on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Morgan Stanley reissued an “overweight” rating and issued a $506.00 price objective on shares of Microsoft in a research note on Tuesday. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, UBS Group cut their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Trading Down 1.0 %

MSFT opened at $430.81 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The firm has a market capitalization of $3.20 trillion, a PE ratio of 37.30, a P/E/G ratio of 2.14 and a beta of 0.90. The company’s 50-day moving average is $421.60 and its 200 day moving average is $423.78.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The firm’s revenue was up 15.2% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Microsoft 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.