Hutchens & Kramer Investment Management Group LLC Sells 14,344 Shares of Microsoft Co. (NASDAQ:MSFT)

Hutchens & Kramer Investment Management Group LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 64.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,792 shares of the software giant’s stock after selling 14,344 shares during the quarter. Microsoft comprises 1.8% of Hutchens & Kramer Investment Management Group LLC’s holdings, making the stock its 11th largest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $3,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. Rebalance LLC grew its holdings in Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares during the period. First National Bank Sioux Falls grew its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after purchasing an additional 24 shares during the period. Doheny Asset Management CA grew its holdings in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares during the period. Flagship Private Wealth LLC grew its holdings in Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the period. Finally, Massachusetts Wealth Management grew its holdings in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,578 shares of company stock worth $39,679,056. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have commented on MSFT shares. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Morgan Stanley lifted their price target on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research note on Thursday, October 31st. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Finally, StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Tuesday. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Price Performance

NASDAQ:MSFT opened at $437.42 on Thursday. Microsoft Co. has a 52 week low of $364.13 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.25 trillion, a P/E ratio of 36.09, a P/E/G ratio of 2.29 and a beta of 0.90. The stock’s fifty day moving average is $420.93 and its two-hundred day moving average is $426.78.

Microsoft (NASDAQ:MSFT) last posted 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 firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.99 EPS. Equities analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft 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.