Capstone Triton Financial Group LLC Sells 100 Shares of Microsoft Co. (NASDAQ:MSFT)

Capstone Triton Financial Group LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 11,683 shares of the software giant’s stock after selling 100 shares during the quarter. Microsoft makes up about 3.7% of Capstone Triton Financial Group LLC’s holdings, making the stock its 4th largest position. Capstone Triton Financial Group LLC’s holdings in Microsoft were worth $5,222,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. New Harbor Financial Group LLC grew its holdings in shares of Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares during the last quarter. Meeder Asset Management Inc. boosted its holdings in Microsoft by 25.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock valued at $112,031,000 after purchasing an additional 51,273 shares in the last quarter. AMG National Trust Bank lifted 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 lifted 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 lifted 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. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. JPMorgan Chase & Co. cut their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. The Goldman Sachs Group cut their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. One equities research 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. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $503.03.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on 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 sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 of the company’s stock, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last 90 days. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.2 %

NASDAQ MSFT opened at $425.43 on Friday. The company’s fifty day simple moving average is $420.74 and its 200-day simple moving average is $424.80. Microsoft Co. has a 52 week low of $360.36 and a 52 week high of $468.35. 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 cap of $3.16 trillion, a P/E ratio of 35.10, a PEG ratio of 2.16 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.99 earnings per share. Equities research analysts predict that Microsoft Co. will post 12.95 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s payout ratio is presently 27.39%.

Microsoft announced that its board has authorized a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign 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.