Onyx Bridge Wealth Group LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Onyx Bridge Wealth Group LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,774 shares of the software giant’s stock after purchasing an additional 172 shares during the period. Microsoft makes up approximately 1.0% of Onyx Bridge Wealth Group LLC’s portfolio, making the stock its 24th largest position. Onyx Bridge Wealth Group LLC’s holdings in Microsoft were worth $6,357,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its holdings 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 valued at $31,000 after buying an additional 44 shares during the period. Quarry LP purchased a new position in Microsoft in the second quarter worth $45,000. Innealta Capital LLC acquired a new stake in Microsoft in the second quarter valued at $75,000. Bellevue Group AG boosted 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 in the last quarter. Finally, Bbjs Financial Advisors LLC grew its stake 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 period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. BMO Capital Markets reduced their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. UBS Group reduced their price objective on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Piper Sandler restated an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Finally, StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $504.36.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the sale, the chief marketing officer now owns 51,852 shares in the company, valued at approximately $22,675,916.64. This represents a 3.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The trade was a 10.37 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,578 shares of company stock worth $24,450,096. 0.03% of the stock is owned by insiders.

Microsoft Stock Up 0.2 %

Microsoft stock opened at $443.57 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a one year low of $364.13 and a one year high of $468.35. The company has a 50-day simple moving average of $421.47 and a 200-day simple moving average of $427.00. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 36.60, a P/E/G ratio of 2.32 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the business earned $2.99 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its board has initiated a share 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 buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s leadership believes its shares are undervalued.

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.