Microsoft Co. (NASDAQ:MSFT) Shares Sold by Bfsg LLC

Bfsg LLC cut its position in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 68,895 shares of the software giant’s stock after selling 853 shares during the quarter. Microsoft accounts for 3.9% of Bfsg LLC’s portfolio, making the stock its 2nd largest position. Bfsg LLC’s holdings in Microsoft were worth $30,793,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Microsoft during the 4th quarter worth $58,000. Richardson Capital Management LLC raised its holdings in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Bellevue Group AG lifted its holdings in 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 acquiring an additional 58 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new position in shares of Microsoft in the 1st quarter worth $80,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated 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. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred 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 directly owns 50,000 shares in the company, valued at $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Argus increased their price objective on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research note on Tuesday, July 9th. UBS Group cut their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Mizuho upped their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, TD Cowen upped their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Price Performance

MSFT stock opened at $416.06 on Friday. The stock has a 50-day moving average price of $418.32 and a two-hundred day moving average price of $425.03. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.09 trillion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. Microsoft Co. has a 1 year low of $314.90 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter last year, the firm posted $2.69 EPS. The company’s quarterly revenue was up 15.2% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 28.74%.

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.