Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Duncker Streett & Co. Inc.

Duncker Streett & Co. Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 48,044 shares of the software giant’s stock after purchasing an additional 235 shares during the period. Microsoft makes up 4.1% of Duncker Streett & Co. Inc.’s portfolio, making the stock its biggest position. Duncker Streett & Co. Inc.’s holdings in Microsoft were worth $21,473,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the period. Richardson Capital Management LLC grew its holdings in shares of 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 buying an additional 129 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the fourth quarter worth $58,000. Innealta Capital LLC bought a new position in shares of Microsoft in the 2nd quarter valued at about $75,000. Finally, Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.4 %

NASDAQ MSFT opened at $415.84 on Friday. The stock’s 50-day simple moving average is $417.79 and its two-hundred day simple moving average is $424.74. Microsoft Co. has a twelve month low of $324.39 and a twelve month high of $468.35. 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 capitalization of $3.09 trillion, a price-to-earnings ratio of 36.00, a PEG ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced 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. 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 analysts’ expectations of $64.38 billion. During the same quarter in the prior year, the company earned $2.69 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a stock 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 buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The business 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 annualized dividend and a dividend yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s 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 sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Amy Hood sold 38,000 shares of Microsoft 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 sale, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated 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 owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on MSFT shares. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. The Goldman Sachs Group lowered their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Bank of America increased their price target on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $493.47.

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.