Krilogy Financial LLC Sells 1,607 Shares of Microsoft Co. (NASDAQ:MSFT)

Krilogy Financial LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 43,968 shares of the software giant’s stock after selling 1,607 shares during the quarter. Microsoft accounts for approximately 1.5% of Krilogy Financial LLC’s investment portfolio, making the stock its 19th biggest position. Krilogy Financial LLC’s holdings in Microsoft were worth $19,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Bayesian Capital Management LP grew its position in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC boosted its stake in shares of Microsoft by 16.5% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after buying an additional 956 shares during the period. Czech National Bank increased its stake in Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the period. True Link Financial Advisors LLC increased its stake in Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after acquiring an additional 2,264 shares during the period. Finally, United Advisor Group LLC acquired a new position in Microsoft in the 4th quarter valued at $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 0.8 %

Shares of NASDAQ MSFT opened at $435.27 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The company has a 50-day moving average price of $420.92 and a 200-day moving average price of $424.18. The stock has a market capitalization of $3.24 trillion, a P/E ratio of 37.69, a P/E/G ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

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

Microsoft declared that its Board of Directors has authorized a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction on 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 accessible through this hyperlink. In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Argus upped their price objective on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. BMO Capital Markets raised their price target on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Morgan Stanley restated an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a research report on Tuesday, September 17th. Finally, TD Cowen raised their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

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.