Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Seneca House Advisors

Seneca House Advisors grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,125 shares of the software giant’s stock after acquiring an additional 724 shares during the period. Microsoft comprises about 5.6% of Seneca House Advisors’ holdings, making the stock its 2nd biggest position. Seneca House Advisors’ holdings in Microsoft were worth $13,017,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Bayesian Capital Management LP increased its stake in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC grew its stake in Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. Czech National Bank grew its stake in Microsoft by 0.4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the period. True Link Financial Advisors LLC grew its stake in shares of Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after buying an additional 2,264 shares during the period. Finally, United Advisor Group LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.1 %

MSFT stock opened at $408.39 on Friday. The firm has a market cap of $3.04 trillion, a PE ratio of 35.36, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a 50 day simple moving average of $428.49 and a 200 day simple moving average of $422.81. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the prior year, the business earned $2.69 EPS. The company’s revenue for the quarter was up 15.2% compared to the same quarter last year. Equities research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. New Street Research assumed coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. TD Cowen upped their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America upped their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Morgan Stanley lowered their price objective on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Finally, Tigress Financial upped their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $494.72.

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.