Mathes Company Inc. Sells 44 Shares of Microsoft Co. (NASDAQ:MSFT)

Mathes Company Inc. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 17,668 shares of the software giant’s stock after selling 44 shares during the quarter. Microsoft accounts for approximately 2.9% of Mathes Company Inc.’s holdings, making the stock its 7th largest holding. Mathes Company Inc.’s holdings in Microsoft were worth $7,896,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% during 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 raised its position in Microsoft by 1,290.0% during 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 purchased a new position in Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG lifted its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Microsoft by 36.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 305 shares of the software giant’s stock valued at $128,000 after acquiring an additional 82 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.7 %

Shares of NASDAQ MSFT opened at $411.46 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.06 trillion, a PE ratio of 33.95, a PEG ratio of 2.16 and a beta of 0.91. Microsoft Co. has a twelve month low of $353.35 and a twelve month high of $468.35. The stock has a fifty day simple moving average of $420.55 and a 200-day simple moving average of $424.83.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period last year, the firm earned $2.99 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 12.96 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently disclosed 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. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is 24.75%.

Microsoft declared that its board has authorized a share repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research reports. Piper Sandler restated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. TD Cowen reduced their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Wedbush restated an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. Citigroup cut their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Finally, Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $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 accessible through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction 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 transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.