Neo Ivy Capital Management Sells 5,620 Shares of Microsoft Co. (NASDAQ:MSFT)

Neo Ivy Capital Management decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 38.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,132 shares of the software giant’s stock after selling 5,620 shares during the period. Microsoft makes up 1.3% of Neo Ivy Capital Management’s investment portfolio, making the stock its 3rd largest holding. Neo Ivy Capital Management’s holdings in Microsoft were worth $3,930,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc grew its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after acquiring an additional 25 shares during the last quarter. Quarry LP purchased a new stake in shares of Microsoft in the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $62,000. Carolina Wealth Advisors LLC raised its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Sanford C. Bernstein reduced their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. DA Davidson reiterated a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Morgan Stanley reduced their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Trading Down 0.2 %

Shares of MSFT opened at $411.44 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The stock has a market cap of $3.06 trillion, a PE ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.90. The stock’s 50-day moving average is $431.07 and its two-hundred day moving average is $423.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the firm posted $2.93 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 26.73%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock worth $14,333,540 in the last quarter. 0.03% of the stock is owned by corporate insiders.

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.