Nemes Rush Group LLC Has $34.43 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Nemes Rush Group LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 77,028 shares of the software giant’s stock after acquiring an additional 231 shares during the quarter. Microsoft makes up about 4.7% of Nemes Rush Group LLC’s portfolio, making the stock its 3rd largest position. Nemes Rush Group LLC’s holdings in Microsoft were worth $34,428,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Christopher J. Hasenberg Inc increased its stake in Microsoft by 169.2% during 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 in the last quarter. Innealta Capital LLC acquired a new stake in shares of Microsoft in the 2nd quarter worth about $75,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC lifted its position in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the 2nd quarter valued at about $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $425.20 on Thursday. Microsoft Co. has a twelve month low of $362.90 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.16 trillion, a P/E ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91. The stock’s 50-day simple moving average is $421.38 and its two-hundred day simple moving average is $425.44.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.99 earnings per share. As a group, equities analysts anticipate that Microsoft Co. will post 12.94 EPS for the current fiscal 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 outstanding shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is presently 24.75%.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 40,000 shares of the business’s 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 $219,349,953.73. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. UBS Group cut their target price on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Finally, Morgan Stanley upped their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price 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.