Microsoft Co. (NASDAQ:MSFT) is Shaker Investments LLC OH’s 9th Largest Position

Shaker Investments LLC OH grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 28.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,798 shares of the software giant’s stock after purchasing an additional 2,359 shares during the period. Microsoft comprises about 2.1% of Shaker Investments LLC OH’s portfolio, making the stock its 9th biggest position. Shaker Investments LLC OH’s holdings in Microsoft were worth $4,826,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Rebalance LLC raised its stake in shares of Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares during the last quarter. Innova Wealth Partners lifted its holdings in Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares in the last quarter. Arkansas Financial Group Inc. boosted its position in Microsoft by 1.5% in the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after buying an additional 25 shares during the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after buying an additional 25 shares during the period. Finally, Doheny Asset Management CA raised its position in shares of Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 completion of the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the sale, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. TD Cowen raised their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Wednesday, July 31st. BMO Capital Markets raised their price objective 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. Finally, Morgan Stanley reiterated an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research report on Tuesday, September 17th. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $493.94.

Microsoft Stock Performance

MSFT opened at $420.69 on Wednesday. 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 stock has a market cap of $3.13 trillion, a price-to-earnings ratio of 36.42, a PEG ratio of 2.30 and a beta of 0.90. Microsoft Co. has a 12-month low of $311.21 and a 12-month high of $468.35. The business has a 50 day moving average of $418.77 and a 200-day moving average of $425.13.

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

Microsoft declared that its board has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.79%. Microsoft’s dividend payout ratio is currently 28.74%.

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.