Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Accent Capital Management LLC

Accent Capital Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.4% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 42,406 shares of the software giant’s stock after buying an additional 2,162 shares during the quarter. Microsoft comprises about 10.5% of Accent Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Accent Capital Management LLC’s holdings in Microsoft were worth $18,247,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the stock. 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 valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new stake in shares of Microsoft during the second quarter worth about $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft in the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Piper Sandler increased their price target on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Finally, BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $512.66.

Microsoft Price Performance

MSFT opened at $446.20 on Thursday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 36.82, a PEG ratio of 2.28 and a beta of 0.90. The company has a fifty day simple moving average of $429.65 and a 200 day simple moving average of $425.70.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating 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 company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 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.