Microsoft Co. (NASDAQ:MSFT) Shares Sold by FSA Advisors Inc.

FSA Advisors Inc. lowered its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 7,813 shares of the software giant’s stock after selling 508 shares during the quarter. Microsoft accounts for about 3.6% of FSA Advisors Inc.’s portfolio, making the stock its 3rd biggest holding. FSA Advisors Inc.’s holdings in Microsoft were worth $3,427,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings 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 acquiring an additional 44 shares during the period. Richardson Capital Management LLC lifted its position in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the last quarter. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter valued at approximately $75,000. Bellevue Group AG grew its stake in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new position in shares of Microsoft in the first quarter valued at approximately $80,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now 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 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 the stock in a transaction dated Thursday, September 5th. The shares were 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 owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the subject of several analyst reports. Morgan Stanley reissued an “overweight” rating and set a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. TD Cowen increased their price objective on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. The Goldman Sachs Group decreased their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $493.47.

Get Our Latest Stock Report on MSFT

Microsoft Trading Up 0.7 %

NASDAQ MSFT opened at $419.14 on Tuesday. The stock has a market cap of $3.12 trillion, a P/E ratio of 36.29, a PEG ratio of 2.22 and a beta of 0.90. The company’s fifty day simple moving average is $418.40 and its 200-day simple moving average is $424.67. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data 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 firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.69 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership 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 issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is 28.74%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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