Arbor Capital Management Inc. ADV Has $2.84 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Arbor Capital Management Inc. ADV lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 6,223 shares of the software giant’s stock after selling 256 shares during the period. Microsoft comprises 2.5% of Arbor Capital Management Inc. ADV’s investment portfolio, making the stock its 4th largest holding. Arbor Capital Management Inc. ADV’s holdings in Microsoft were worth $2,842,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of MSFT. First Community Trust NA grew its position in Microsoft by 5.8% during the first quarter. First Community Trust NA now owns 20,517 shares of the software giant’s stock valued at $8,632,000 after purchasing an additional 1,121 shares in the last quarter. Gunderson Capital Management Inc. raised its position in Microsoft by 8.8% during the first quarter. Gunderson Capital Management Inc. now owns 27,087 shares of the software giant’s stock valued at $11,396,000 after acquiring an additional 2,200 shares in the last quarter. BTC Capital Management Inc. acquired a new stake in Microsoft in the first quarter valued at approximately $45,709,000. Private Capital Management LLC grew its position in Microsoft by 0.5% in the fourth quarter. Private Capital Management LLC now owns 7,452 shares of the software giant’s stock worth $2,802,000 after acquiring an additional 40 shares in the last quarter. Finally, MCIA Inc increased its stake in shares of Microsoft by 9.5% during the 1st quarter. MCIA Inc now owns 3,398 shares of the software giant’s stock worth $1,448,000 after purchasing an additional 294 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This trade 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 worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. Piper Sandler decreased their price target on Microsoft from $485.00 to $470.00 and set an “overweight” rating for the company in a research note on Friday, October 18th. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, July 12th. Argus upped their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Morgan Stanley restated an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a research report on Tuesday, September 17th. Finally, UBS Group cut their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $495.58.

Microsoft Stock Down 0.7 %

NASDAQ MSFT opened at $424.60 on Thursday. The stock’s 50 day simple moving average is $420.33 and its 200 day simple moving average is $424.56. Microsoft Co. has a one year low of $326.94 and a one year high of $468.35. The firm has a market cap of $3.16 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. 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 (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the prior year, the business earned $2.69 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

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 given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. This is an increase 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.