PSI Advisors LLC Reduces Position in Microsoft Co. (NASDAQ:MSFT)

PSI Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 4.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,398 shares of the software giant’s stock after selling 276 shares during the quarter. Microsoft makes up 0.9% of PSI Advisors LLC’s portfolio, making the stock its 26th biggest holding. PSI Advisors LLC’s holdings in Microsoft were worth $2,859,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Bayesian Capital Management LP lifted its holdings in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC raised its stake in shares of Microsoft by 16.5% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the period. Czech National Bank raised its stake in shares of Microsoft by 0.4% in the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after buying an additional 5,253 shares during the period. True Link Financial Advisors LLC raised its stake in shares of Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares during the period. Finally, United Advisor Group LLC bought a new position in shares of Microsoft in the fourth quarter worth about $9,538,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the sale, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $429.17 on Wednesday. The stock has a market cap 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. 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 $420.10 and a 200-day moving average price of $424.67. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its 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. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.69 EPS. Equities analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is 28.74%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Mizuho raised their price objective on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Bank of America raised their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Wells Fargo & Company raised their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. BMO Capital Markets raised their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research report on Monday. Three equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $493.94.

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.