Microsoft Co. (NASDAQ:MSFT) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,336 shares of the software giant’s stock after acquiring an additional 1,755 shares during the period. Microsoft accounts for approximately 2.4% of MGO One Seven LLC’s investment portfolio, making the stock its 3rd biggest holding. MGO One Seven LLC’s holdings in Microsoft were worth $50,209,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Headlands Technologies LLC lifted its stake in Microsoft by 508.3% during the 2nd quarter. Headlands Technologies LLC now owns 103,348 shares of the software giant’s stock valued at $46,191,000 after acquiring an additional 86,357 shares during the period. Coldstream Capital Management Inc. raised its holdings in shares of Microsoft by 9.8% during the second quarter. Coldstream Capital Management Inc. now owns 850,724 shares of the software giant’s stock worth $380,231,000 after purchasing an additional 75,639 shares during the last quarter. Vantage Financial Partners LLC lifted its position in Microsoft by 2.2% during the second quarter. Vantage Financial Partners LLC now owns 2,421 shares of the software giant’s stock valued at $1,082,000 after purchasing an additional 51 shares during the period. Gryphon Financial Partners LLC boosted its holdings in Microsoft by 2.8% in the second quarter. Gryphon Financial Partners LLC now owns 44,796 shares of the software giant’s stock valued at $20,022,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Fogel Capital Management Inc. grew its position in Microsoft by 0.3% during the 2nd quarter. Fogel Capital Management Inc. now owns 73,256 shares of the software giant’s stock worth $32,742,000 after purchasing an additional 240 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction 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 transaction, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Bradford L. Smith sold 40,000 shares of the firm’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 transaction 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $428.15 on Friday. The firm has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 37.07, a PEG ratio of 2.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The company’s 50-day moving average is $420.59 and its two-hundred day moving average is $424.58. Microsoft Co. has a 1-year low of $326.94 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating 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. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period last year, the business earned $2.69 earnings per share. Analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. 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 dividend yield of 0.78%. Microsoft’s payout ratio is currently 28.74%.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. Morgan Stanley restated an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a research note on Tuesday, September 17th. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Tuesday, October 8th. The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Finally, Piper Sandler dropped their price target on shares of Microsoft from $485.00 to $470.00 and set an “overweight” rating on the stock in a research report on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $502.97.

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.