8,283 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by TPG Advisors LLC

TPG Advisors LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 8,283 shares of the software giant’s stock, valued at approximately $3,702,000. Microsoft comprises 3.2% of TPG Advisors LLC’s holdings, making the stock its 8th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. New Harbor Financial Group LLC raised its stake in Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of Microsoft by 25.7% during the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after acquiring an additional 51,273 shares during the period. AMG National Trust Bank grew its position in shares of Microsoft by 19.0% during the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after acquiring an additional 12,994 shares during the period. True Link Financial Advisors LLC grew its position in shares of Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the period. Finally, Mercer Global Advisors Inc. ADV grew its position in shares of Microsoft by 8.3% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 2,104,454 shares of the software giant’s stock valued at $904,441,000 after acquiring an additional 161,227 shares during the period. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.2 %

Shares of Microsoft stock opened at $425.43 on Friday. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 35.10, a PEG ratio of 2.16 and a beta of 0.91. The business has a 50-day moving average price of $420.74 and a 200-day moving average price of $424.80. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $360.36 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the business posted $2.99 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 12.95 EPS for the current fiscal year.

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 issued a $0.83 dividend. This is an increase 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 0.78%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group cut their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein cut their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

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.