Magnus Financial Group LLC Buys 91 Shares of Microsoft Co. (NASDAQ:MSFT)

Magnus Financial Group LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 0.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,218 shares of the software giant’s stock after acquiring an additional 91 shares during the quarter. Microsoft makes up 1.5% of Magnus Financial Group LLC’s holdings, making the stock its 14th biggest position. Magnus Financial Group LLC’s holdings in Microsoft were worth $13,059,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Warren Street Wealth Advisors LLC increased its holdings in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. Czech National Bank increased its holdings 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 holdings 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. AMG National Trust Bank increased its holdings in shares of Microsoft by 19.0% in the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock worth $36,427,000 after buying an additional 12,994 shares during the last quarter. Finally, Spinnaker Investment Group LLC increased its holdings in shares of Microsoft by 2.7% in the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock worth $5,268,000 after buying an additional 326 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related 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 completion of the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Bank of America upped their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Citigroup cut their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group cut their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $506.00 price target on shares of Microsoft in a research report on Tuesday, September 17th. Three investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $493.47.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $416.12 on Thursday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The company has a market capitalization of $3.09 trillion, a P/E ratio of 36.03, a P/E/G ratio of 2.22 and a beta of 0.90. The firm’s 50 day simple moving average is $419.14 and its two-hundred day simple moving average is $424.59.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm 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 company’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the business posted $2.69 earnings per share. Research analysts expect that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft declared that its Board of Directors has initiated a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The firm 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 represents a $3.32 annualized dividend and a 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 currently 28.74%.

About Microsoft

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.