Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Libra Wealth LLC

Libra Wealth LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,398 shares of the software giant’s stock after buying an additional 1,001 shares during the quarter. Microsoft comprises 2.0% of Libra Wealth LLC’s portfolio, making the stock its 13th largest position. Libra Wealth LLC’s holdings in Microsoft were worth $4,648,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc increased its holdings in shares of 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 acquiring an additional 44 shares during the period. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter valued at $75,000. Bellevue Group AG lifted its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC lifted its holdings in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the 2nd quarter valued at $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction on Friday, August 23rd. The stock was 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 directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the firm’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 completion of the transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The stock was 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 approximately $203,784,292.95. 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 quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Microsoft stock opened at $425.43 on Friday. The stock has a market cap of $3.16 trillion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $360.36 and a fifty-two week high of $468.35. The firm’s fifty day moving average price is $420.74 and its 200-day moving average price is $424.80.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the company posted $2.99 EPS. Microsoft’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Co. will post 12.95 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes 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 leadership believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders 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 yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSFT shares. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Finally, The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $503.03.

About Microsoft

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.