Microsoft Co. (NASDAQ:MSFT) Shares Sold by Legacy Financial Group Inc.

Legacy Financial Group Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,438 shares of the software giant’s stock after selling 36 shares during the quarter. Microsoft comprises 0.9% of Legacy Financial Group Inc.’s investment portfolio, making the stock its 25th biggest position. Legacy Financial Group Inc.’s holdings in Microsoft were worth $2,430,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Richardson Capital Management LLC lifted its holdings 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 worth $59,000 after acquiring an additional 129 shares during the last quarter. Innealta Capital LLC purchased a new stake in Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG increased its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the period. Finally, Iron Horse Wealth Management LLC increased its stake in Microsoft by 36.8% during the 1st quarter. Iron Horse Wealth Management LLC now owns 305 shares of the software giant’s stock worth $128,000 after buying an additional 82 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction 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 owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Mizuho upped their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. UBS Group dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Wedbush reissued an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $410.37 on Monday. The stock 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. The firm has a fifty day moving average price of $420.69 and a 200 day moving average price of $424.71. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $344.77 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.99 EPS. Sell-side analysts predict that Microsoft Co. will post 12.98 EPS for the current year.

Microsoft announced that its board has approved a stock buyback 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 stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

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

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.