Boothe Investment Group Inc. Acquires Shares of 1,366 Microsoft Co. (NASDAQ:MSFT)

Boothe Investment Group Inc. acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 1,366 shares of the software giant’s stock, valued at approximately $624,000.

Other large investors have also bought and sold shares of the company. Neo Ivy Capital Management bought a new stake in Microsoft during the 4th quarter valued at approximately $58,000. Richardson Capital Management LLC lifted its holdings in shares of Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. Bellevue Group AG lifted its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Horizon Financial Services LLC purchased a new position in shares of Microsoft during the first quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter valued at approximately $86,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on MSFT shares. Wells Fargo & Company lifted their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Argus lifted their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets lifted their target price on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. UBS Group decreased their price objective on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th. Three equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT opened at $429.17 on Wednesday. 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 market capitalization of $3.19 trillion, a price-to-earnings ratio of 37.16, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The business has a fifty day moving average price of $420.10 and a 200-day moving average price of $424.67.

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

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is presently 28.74%.

Microsoft declared that its Board of Directors has authorized a share buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of 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 document filed with the SEC, which is available at the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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.