Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 979,299 shares of the software giant’s stock after selling 22,438 shares during the quarter. Microsoft comprises about 4.8% of Mutual of America Capital Management LLC’s portfolio, making the stock its largest holding. Mutual of America Capital Management LLC’s holdings in Microsoft were worth $437,698,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Richardson Capital Management LLC raised 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 buying an additional 129 shares in the last quarter. Innealta Capital LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at approximately $75,000. Bellevue Group AG raised its position in shares of Microsoft by 47.5% in the 1st 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. Finally, Iron Horse Wealth Management LLC raised its position in shares of Microsoft by 36.8% in the 1st quarter. Iron Horse Wealth Management LLC now owns 305 shares of the software giant’s stock valued at $128,000 after buying an additional 82 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.0 %

NASDAQ:MSFT opened at $410.37 on Monday. The firm’s fifty day moving average is $420.69 and its 200-day moving average is $424.71. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.30. Microsoft Co. has a 52 week low of $344.77 and a 52 week high of $468.35. The firm has a market cap of $3.05 trillion, a P/E ratio of 33.86, a P/E/G ratio of 2.14 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm posted $2.99 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 12.98 earnings per share for the current year.

Microsoft declared that its board has authorized a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 27.39%.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were 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 owns 50,000 shares in the company, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 in the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. DA Davidson cut shares of 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, September 23rd. Argus boosted their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Finally, Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

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.