Financial Partners Group Inc Has $18.19 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Financial Partners Group Inc raised its position in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 40,699 shares of the software giant’s stock after acquiring an additional 283 shares during the period. Microsoft comprises approximately 2.9% of Financial Partners Group Inc’s holdings, making the stock its 13th largest holding. Financial Partners Group Inc’s holdings in Microsoft were worth $18,191,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $58,000. Richardson Capital Management LLC grew its stake in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. Bellevue Group AG grew its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC bought a new stake in shares of Microsoft in the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last quarter, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Tigress Financial increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Mizuho increased their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. TD Cowen increased their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, BMO Capital Markets increased their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Performance

MSFT stock opened at $430.81 on Thursday. The business’s fifty day moving average is $421.60 and its 200-day moving average is $423.78. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.20 trillion, a P/E ratio of 37.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 EPS. Equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Increases Dividend

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

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.