1,359 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Heritage Oak Wealth Advisors LLC

Heritage Oak Wealth Advisors LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 1,359 shares of the software giant’s stock, valued at approximately $607,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc increased its stake in Microsoft by 169.2% during 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 in the last quarter. Quarry LP purchased a new position in Microsoft in the 2nd quarter worth approximately $45,000. Innealta Capital LLC bought a new position in Microsoft in the 2nd quarter valued at approximately $75,000. Bellevue Group AG boosted its stake in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Finally, Bbjs Financial Advisors LLC increased its holdings in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 2.8 %

MSFT stock opened at $415.00 on Friday. The firm has a fifty day moving average price of $422.08 and a 200 day moving average price of $425.44. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The firm has a market cap of $3.09 trillion, a PE ratio of 34.24, a price-to-earnings-growth ratio of 2.25 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company posted $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

Several research firms recently commented on MSFT. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley raised their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Wedbush restated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Citigroup decreased their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 value of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is currently owned by company insiders.

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.