Microsoft Co. (NASDAQ:MSFT) Shares Bought by DiNuzzo Private Wealth Inc.

DiNuzzo Private Wealth Inc. grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,850 shares of the software giant’s stock after purchasing an additional 191 shares during the period. Microsoft makes up approximately 0.2% of DiNuzzo Private Wealth Inc.’s investment portfolio, making the stock its 29th largest holding. DiNuzzo Private Wealth Inc.’s holdings in Microsoft were worth $1,721,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Richardson Capital Management LLC boosted its position in shares of Microsoft by 1,290.0% in the 1st 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 period. Neo Ivy Capital Management purchased a new position in Microsoft in the 4th quarter worth about $58,000. Innealta Capital LLC acquired a new stake in Microsoft during the 2nd quarter worth about $75,000. Finally, Bellevue Group AG lifted its stake in 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 buying an additional 58 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MSFT. Piper Sandler restated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Citigroup reduced their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday. Finally, Morgan Stanley reissued an “overweight” rating and issued a $506.00 price objective on shares of Microsoft in a research note on Tuesday, September 17th. Three equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $493.94.

Microsoft Stock Performance

Shares of Microsoft stock opened at $414.71 on Wednesday. Microsoft Co. has a 52 week low of $323.18 and a 52 week high of $468.35. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The business has a 50 day moving average price of $417.97 and a 200-day moving average price of $424.89. The company has a market cap of $3.08 trillion, a PE ratio of 35.91, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90.

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

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

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase 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 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 28.74%.

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.