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

Presidio Capital Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% in the second quarter, HoldingsChannel reports. The fund owned 2,796 shares of the software giant’s stock after buying an additional 145 shares during the period. Microsoft makes up about 0.9% of Presidio Capital Management LLC’s portfolio, making the stock its 16th largest holding. Presidio Capital Management LLC’s holdings in Microsoft were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the period. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares in the last quarter. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter valued at $58,000. Bellevue Group AG raised its stake 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 buying an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in shares of Microsoft in the first quarter valued at $80,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.1 %

MSFT stock opened at $416.54 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm has a market cap of $3.10 trillion, a PE ratio of 36.06, a PEG ratio of 2.30 and a beta of 0.90. Microsoft Co. has a 1 year low of $314.00 and a 1 year high of $468.35. The company has a fifty day simple moving average of $418.50 and a 200 day simple moving average of $425.01.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the company posted $2.69 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently announced 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. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is 28.74%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen boosted their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Finally, Citigroup cut their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $493.94.

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.