Microsoft Co. (NASDAQ:MSFT) Shares Bought by Schiavi & Co LLC

Schiavi & Co LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 146.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,478 shares of the software giant’s stock after buying an additional 878 shares during the quarter. Microsoft accounts for about 0.3% of Schiavi & Co LLC’s investment portfolio, making the stock its 12th largest holding. Schiavi & Co LLC’s holdings in Microsoft were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also made changes to their positions in the stock. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Richardson Capital Management LLC lifted its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. Innealta Capital LLC bought a new position in shares of Microsoft in the 2nd quarter worth about $75,000. Bellevue Group AG boosted its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Finally, Horizon Financial Services LLC bought a new stake in shares of Microsoft during the 1st quarter valued at about $80,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Wedbush restated an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Argus boosted their price target on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Finally, TD Cowen increased their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $502.97.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now directly owns 150,161 shares in the company, valued at approximately $61,843,807.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. 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 sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $431.95 on Wednesday. The firm’s 50-day moving average is $420.84 and its 200-day moving average is $424.65. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52-week low of $331.83 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the previous year, the company posted $2.69 earnings per share. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed 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. This is a boost from Microsoft’s previous quarterly dividend of $0.75. 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 0.77%. Microsoft’s dividend payout ratio is currently 28.11%.

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

Microsoft Company 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.