Innealta Capital LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Innealta Capital LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the second quarter, HoldingsChannel reports. The institutional investor bought 167 shares of the software giant’s stock, valued at approximately $75,000.

Several other large investors also recently modified their holdings of the stock. Fortis Capital Advisors LLC raised its position in Microsoft by 7.0% during the fourth quarter. Fortis Capital Advisors LLC now owns 28,074 shares of the software giant’s stock valued at $10,557,000 after purchasing an additional 1,837 shares in the last quarter. Insight Holdings Group LLC increased its stake in shares of Microsoft by 31.3% in the 4th quarter. Insight Holdings Group LLC now owns 162,010 shares of the software giant’s stock valued at $60,922,000 after purchasing an additional 38,610 shares during the last quarter. Wilson & Boucher Capital Management LLC raised its holdings in shares of Microsoft by 1.1% during the 4th quarter. Wilson & Boucher Capital Management LLC now owns 8,528 shares of the software giant’s stock worth $3,207,000 after buying an additional 90 shares in the last quarter. Unconventional Investor LLC bought a new stake in shares of Microsoft during the 4th quarter worth $215,000. Finally, Hudson Value Partners LLC boosted its stake in Microsoft by 2.3% in the fourth quarter. Hudson Value Partners LLC now owns 24,795 shares of the software giant’s stock valued at $9,324,000 after buying an additional 560 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. Argus increased their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. 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 research note on Thursday, July 18th. UBS Group dropped their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Finally, Tigress Financial boosted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Two research 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.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $493.94.

Microsoft Price Performance

Microsoft stock opened at $416.06 on Friday. The stock’s 50 day moving average price is $418.32 and its two-hundred day moving average price is $425.03. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52-week low of $314.90 and a 52-week high of $468.35.

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

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase 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%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is 28.74%.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated 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 transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This 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. Corporate insiders own 0.03% of the company’s stock.

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.