Microsoft Co. (NASDAQ:MSFT) is Condor Capital Management’s 10th Largest Position

Condor Capital Management lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,258 shares of the software giant’s stock after selling 417 shares during the period. Microsoft comprises approximately 2.1% of Condor Capital Management’s holdings, making the stock its 10th largest holding. Condor Capital Management’s holdings in Microsoft were worth $22,463,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Evanson Asset Management LLC raised its position in shares of Microsoft by 1.4% in the 1st quarter. Evanson Asset Management LLC now owns 31,254 shares of the software giant’s stock worth $13,149,000 after acquiring an additional 433 shares in the last quarter. Beech Hill Advisors Inc. raised its holdings in Microsoft by 4.6% in the first quarter. Beech Hill Advisors Inc. now owns 15,260 shares of the software giant’s stock worth $6,420,000 after purchasing an additional 670 shares in the last quarter. Community Bank of Raymore lifted its position in Microsoft by 1.3% during the first quarter. Community Bank of Raymore now owns 7,098 shares of the software giant’s stock valued at $2,986,000 after buying an additional 91 shares during the period. Von Berge Wealth Management Group LLC boosted its holdings in shares of Microsoft by 5.8% during the 1st quarter. Von Berge Wealth Management Group LLC now owns 4,252 shares of the software giant’s stock valued at $1,789,000 after buying an additional 232 shares in the last quarter. Finally, New England Professional Planning Group Inc. grew its position in shares of Microsoft by 7.4% in the 1st quarter. New England Professional Planning Group Inc. now owns 779 shares of the software giant’s stock worth $328,000 after buying an additional 54 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.3 %

Shares of NASDAQ:MSFT opened at $431.95 on Wednesday. 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’s 50 day moving average is $420.84 and its 200 day moving average is $424.65. The stock has a market cap of $3.21 trillion, a P/E ratio of 36.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. Microsoft Co. has a 52-week low of $331.83 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 earnings per share. Sell-side analysts predict that Microsoft Co. will post 13.02 EPS for the current year.

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

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s payout ratio is currently 28.11%.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 sale, the chief marketing officer now owns 50,000 shares in the company, 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. In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on 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 transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This trade represents 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 valued at $77,916,485. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group lowered their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. KeyCorp lifted their price objective on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Bank of America increased their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $502.97.

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.