Microsoft Co. (NASDAQ:MSFT) Shares Sold by Resources Management Corp CT ADV

Resources Management Corp CT ADV cut its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 94,820 shares of the software giant’s stock after selling 1,517 shares during the quarter. Microsoft comprises approximately 6.2% of Resources Management Corp CT ADV’s investment portfolio, making the stock its 2nd biggest position. Resources Management Corp CT ADV’s holdings in Microsoft were worth $42,380,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares during the last quarter. Innealta Capital LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $75,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was 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 owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen cut their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Morgan Stanley raised their price objective on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. One 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $422.54 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 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. The stock has a 50 day moving average of $421.09 and a two-hundred day moving average of $424.95. The stock has a market cap of $3.14 trillion, a P/E ratio of 34.86, a P/E/G ratio of 2.23 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company posted $2.99 earnings per share. On average, research analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. 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 0.79%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 24.75%.

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.