Account Management LLC Has $2.23 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Account Management LLC trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,995 shares of the software giant’s stock after selling 180 shares during the quarter. Microsoft comprises 2.5% of Account Management LLC’s portfolio, making the stock its 13th biggest holding. Account Management LLC’s holdings in Microsoft were worth $2,233,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Opes Wealth Management LLC grew its position in shares of Microsoft by 5.7% in the second quarter. Opes Wealth Management LLC now owns 8,699 shares of the software giant’s stock valued at $3,888,000 after purchasing an additional 466 shares during the last quarter. SFE Investment Counsel grew its position in shares of Microsoft by 5.2% in the second quarter. SFE Investment Counsel now owns 18,379 shares of the software giant’s stock valued at $8,214,000 after purchasing an additional 914 shares during the last quarter. Howard Capital Management Inc. grew its position in shares of Microsoft by 2.4% in the second quarter. Howard Capital Management Inc. now owns 13,104 shares of the software giant’s stock valued at $5,857,000 after purchasing an additional 302 shares during the last quarter. Flynn Zito Capital Management LLC grew its position in shares of Microsoft by 7.5% in the second quarter. Flynn Zito Capital Management LLC now owns 21,634 shares of the software giant’s stock valued at $9,669,000 after purchasing an additional 1,508 shares during the last quarter. Finally, Private Advisor Group LLC grew its position in shares of Microsoft by 4.4% in the second quarter. Private Advisor Group LLC now owns 600,576 shares of the software giant’s stock valued at $268,428,000 after purchasing an additional 25,386 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.3 %

Shares of MSFT opened at $418.16 on Monday. The stock has a market cap of $3.11 trillion, a price-to-earnings ratio of 36.20, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12 month low of $324.39 and a 12 month high of $468.35. The company has a 50-day moving average price of $419.66 and a two-hundred day moving average price of $424.54.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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 previous year, the company posted $2.69 earnings per share. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

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

Microsoft announced that its board has authorized a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on MSFT shares. BMO Capital Markets raised their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. TD Cowen raised their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Argus raised their price target on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Bank of America raised their price target on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Finally, Wedbush reiterated an “underperform” rating on shares of Microsoft in a research note on Friday. One analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.68.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft 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 owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

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.