Microsoft Co. (NASDAQ:MSFT) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,358 shares of the software giant’s stock after selling 116 shares during the quarter. Microsoft accounts for 3.2% of Wrapmanager Inc.’s portfolio, making the stock its 6th largest position. Wrapmanager Inc.’s holdings in Microsoft were worth $12,203,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Net Worth Advisory Group acquired a new position in shares of Microsoft during the third quarter worth approximately $2,645,000. Oak Ridge Investments LLC grew its holdings in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted its position in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. boosted its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after purchasing an additional 1,489 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Down 0.6 %

Shares of NASDAQ MSFT opened at $444.06 on Friday. The company’s 50 day simple moving average is $431.05 and its 200 day simple moving average is $425.82. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate 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 net margin of 35.61% and a return on equity of 34.56%. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm earned $2.99 EPS. On average, analysts predict that Microsoft Co. will post 12.9 EPS 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MSFT shares. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday. The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Friday. Finally, BMO Capital Markets cut their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $512.66.

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.