Copperwynd Financial LLC Acquires 1,036 Shares of Microsoft Co. (NASDAQ:MSFT)

Copperwynd Financial LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,990 shares of the software giant’s stock after purchasing an additional 1,036 shares during the quarter. Microsoft accounts for about 1.0% of Copperwynd Financial LLC’s investment portfolio, making the stock its 19th biggest holding. Copperwynd Financial LLC’s holdings in Microsoft were worth $3,343,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Christopher J. Hasenberg Inc raised its position 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 acquiring an additional 44 shares during the period. Innealta Capital LLC purchased a new stake in shares of Microsoft in the 2nd quarter worth $75,000. Bellevue Group AG raised its holdings in Microsoft by 47.5% in 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 period. Bbjs Financial Advisors LLC lifted its position in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the second quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Satya Nadella sold 78,353 shares of Microsoft 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 sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 197,829 shares of company stock worth $80,966,837. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $425.20 on Thursday. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 1 year low of $362.90 and a 1 year 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 business has a fifty day simple moving average of $421.38 and a 200 day simple moving average of $425.44.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS 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 business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the firm posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

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

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 issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is presently 24.75%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on MSFT. Piper Sandler restated an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. BMO Capital Markets lowered their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Sanford C. Bernstein cut their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. KeyCorp boosted their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $503.03.

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.