OxenFree Capital LLC Purchases 43 Shares of Microsoft Co. (NASDAQ:MSFT)

OxenFree Capital LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 4,513 shares of the software giant’s stock after acquiring an additional 43 shares during the period. Microsoft makes up about 1.5% of OxenFree Capital LLC’s investment portfolio, making the stock its 17th largest position. OxenFree Capital LLC’s holdings in Microsoft were worth $1,942,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Swedbank AB acquired a new stake in Microsoft during the 1st quarter valued at $5,587,119,000. Wulff Hansen & CO. lifted its holdings in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc acquired a new stake in Microsoft during the 1st quarter valued at $846,072,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 209,431 shares of company stock worth $85,796,688. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 0.1 %

NASDAQ MSFT opened at $423.46 on Friday. The firm has a market capitalization of $3.15 trillion, a P/E ratio of 34.94, a PEG ratio of 2.24 and a beta of 0.91. The business has a fifty day simple moving average of $420.84 and a 200 day simple moving average of $426.46. Microsoft Co. has a 12 month low of $362.90 and a 12 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.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) 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 firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the firm posted $2.99 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is presently 27.39%.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. Piper Sandler reissued an “overweight” rating and set a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

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.