Microsoft Co. (NASDAQ:MSFT) Shares Purchased by G2 Capital Management LLC OH

G2 Capital Management LLC OH raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,878 shares of the software giant’s stock after buying an additional 62 shares during the period. G2 Capital Management LLC OH’s holdings in Microsoft were worth $830,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in MSFT. DGS Capital Management LLC grew its stake in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after purchasing an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd grew its stake in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the last quarter. Powell Investment Advisors LLC grew its stake in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its stake in shares of Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Buying and Selling

In related news, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now owns 874 shares of the company’s stock, valued at $292,588.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the transaction, the director now owns 874 shares of the company’s stock, valued at $292,588.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 1.5 %

NASDAQ:MSFT opened at $328.41 on Wednesday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78. The firm has a market cap of $2.44 trillion, a price-to-earnings ratio of 33.89, a P/E/G ratio of 2.38 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The company’s 50 day moving average is $333.23 and its 200-day moving average is $307.12.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The company had revenue of $56.19 billion for the quarter, compared to analyst estimates of $55.49 billion. During the same quarter last year, the firm posted $2.23 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Citigroup lowered their price objective on shares of Microsoft from $425.00 to $420.00 in a research note on Wednesday, July 26th. Redburn Partners decreased their target price on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating for the company in a report on Friday, August 11th. Stifel Nicolaus raised their target price on shares of Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a report on Thursday, July 20th. KeyCorp raised their target price on shares of Microsoft from $340.00 to $400.00 in a report on Tuesday, July 18th. Finally, StockNews.com assumed coverage on shares of Microsoft in a report on Thursday, August 17th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $373.68.

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.