Hexagon Capital Partners LLC Has $2.58 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Hexagon Capital Partners LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,992 shares of the software giant’s stock after buying an additional 121 shares during the quarter. Microsoft accounts for about 0.5% of Hexagon Capital Partners LLC’s portfolio, making the stock its 11th largest holding. Hexagon Capital Partners LLC’s holdings in Microsoft were worth $2,578,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Rebalance LLC lifted its holdings in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares during the last quarter. First National Bank Sioux Falls lifted its stake in shares of Microsoft by 0.4% in the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after purchasing an additional 24 shares during the period. Doheny Asset Management CA grew its holdings in Microsoft by 0.4% during the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares in the last quarter. Flagship Private Wealth LLC grew its holdings in Microsoft by 2.8% during the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after buying an additional 25 shares in the last quarter. Finally, Massachusetts Wealth Management lifted its position in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after buying an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred 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 directly owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 6.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 183,431 shares of company stock valued at $74,956,968 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.0 %

NASDAQ:MSFT opened at $417.00 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a 50-day simple moving average of $421.94 and a 200 day simple moving average of $426.30. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The company has a market capitalization of $3.10 trillion, a price-to-earnings ratio of 34.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the company earned $2.99 earnings per share. The firm’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has approved a share repurchase program 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 stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on MSFT shares. The Goldman Sachs Group decreased their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Sanford C. Bernstein dropped their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft 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.