Onyx Bridge Wealth Group LLC Buys 161 Shares of Microsoft Co. (NASDAQ:MSFT)

Onyx Bridge Wealth Group LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,602 shares of the software giant’s stock after purchasing an additional 161 shares during the period. Microsoft comprises approximately 1.1% of Onyx Bridge Wealth Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Onyx Bridge Wealth Group LLC’s holdings in Microsoft were worth $6,526,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSFT. Rebalance LLC raised its position in Microsoft by 0.7% during 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 in the last quarter. Innova Wealth Partners increased its holdings in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after purchasing an additional 25 shares during the period. Arkansas Financial Group Inc. boosted its holdings in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after acquiring an additional 25 shares during the last quarter. Partnership Wealth Management LLC raised its stake in Microsoft by 0.4% during the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after buying an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA boosted its position in shares of Microsoft by 0.4% during the 1st 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 in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the 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 $328,473,703.53. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 in the last 90 days. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on MSFT shares. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Tigress Financial increased their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Piper Sandler restated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, June 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Stock Performance

Shares of MSFT stock opened at $435.27 on Friday. The company has a market capitalization of $3.24 trillion, a P/E ratio of 37.69, a PEG ratio of 2.14 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a 50 day moving average price of $420.92 and a two-hundred day moving average price of $424.18.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter last year, the firm posted $2.69 earnings per share. The firm’s revenue was up 15.2% on a year-over-year basis. Analysts expect that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft announced that its board has approved a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is 25.97%.

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.