SVB Wealth LLC Sells 41,201 Shares of Microsoft Co. (NASDAQ:MSFT)

SVB Wealth LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 10.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 352,540 shares of the software giant’s stock after selling 41,201 shares during the quarter. Microsoft makes up approximately 3.9% of SVB Wealth LLC’s holdings, making the stock its 3rd biggest holding. SVB Wealth LLC’s holdings in Microsoft were worth $157,568,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Rebalance LLC increased its holdings in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares during the last quarter. First National Bank Sioux Falls increased its stake in shares of Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares in the last quarter. Partnership Wealth Management LLC raised its position in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the period. Doheny Asset Management CA lifted its stake 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 buying an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC boosted its holdings in Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction dated Wednesday, September 4th. The shares were 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 owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was 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, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on MSFT shares. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Mizuho lifted their target price on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Wedbush reissued an “underperform” rating on shares of Microsoft in a report on Friday. Morgan Stanley restated an “overweight” rating and issued a $506.00 price objective on shares of Microsoft in a research report on Tuesday, September 17th. Finally, Argus upped their target price on shares of Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $495.68.

Microsoft Stock Up 2.1 %

Shares of NASDAQ:MSFT opened at $427.51 on Wednesday. The stock has a market capitalization of $3.18 trillion, a P/E ratio of 37.01, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 12-month low of $324.39 and a 12-month high of $468.35. The stock’s 50-day moving average price is $420.17 and its 200-day moving average price is $424.56. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

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 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 firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. During the same quarter in the prior year, the firm posted $2.69 earnings per share. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 13.02 earnings per share for the current year.

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

Microsoft Increases Dividend

The company also recently disclosed 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 represents a $3.32 annualized dividend and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is 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.