Monograph Wealth Advisors LLC Sells 850 Shares of Microsoft Co. (NASDAQ:MSFT)

Monograph Wealth Advisors LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 25.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 2,428 shares of the software giant’s stock after selling 850 shares during the period. Monograph Wealth Advisors LLC’s holdings in Microsoft were worth $700,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. RB Capital Management LLC raised its position in Microsoft by 4.8% during the 1st quarter. RB Capital Management LLC now owns 22,862 shares of the software giant’s stock valued at $6,591,000 after purchasing an additional 1,045 shares in the last quarter. Banco Santander S.A. raised its position in Microsoft by 0.5% during the 1st quarter. Banco Santander S.A. now owns 429,206 shares of the software giant’s stock valued at $123,740,000 after purchasing an additional 2,320 shares in the last quarter. BHK Investment Advisors LLC raised its position in Microsoft by 52.1% during the 1st quarter. BHK Investment Advisors LLC now owns 3,046 shares of the software giant’s stock valued at $878,000 after purchasing an additional 1,043 shares in the last quarter. Hartford Investment Management Co. raised its position in Microsoft by 16.1% during the 1st quarter. Hartford Investment Management Co. now owns 631,754 shares of the software giant’s stock valued at $182,135,000 after purchasing an additional 87,453 shares in the last quarter. Finally, 1834 Investment Advisors Co. raised its position in Microsoft by 11.0% during the 1st quarter. 1834 Investment Advisors Co. now owns 93,622 shares of the software giant’s stock valued at $26,991,000 after purchasing an additional 9,272 shares in the last quarter. 69.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of a number of research analyst reports. Piper Sandler reaffirmed an “overweight” rating and set a $400.00 target price on shares of Microsoft in a research report on Wednesday, July 26th. Wedbush lifted their target price on Microsoft from $375.00 to $400.00 in a research report on Wednesday, July 26th. Mizuho lifted their target price on Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Monday, July 17th. UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $345.00 to $400.00 in a research report on Friday, July 14th. Finally, Stifel Nicolaus boosted their price target on Microsoft from $320.00 to $380.00 and gave the stock a “buy” rating in a research report on Thursday, July 20th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $373.68.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the sale, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock worth $38,195,619 over the last quarter. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 1.5 %

Microsoft stock opened at $333.55 on Wednesday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The business’s 50-day simple moving average is $332.75 and its two-hundred day simple moving average is $309.33. The company has a market cap of $2.48 trillion, a PE ratio of 34.42, a PEG ratio of 2.42 and a beta of 0.90. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.14. The business had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.23 EPS. 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. Stockholders of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. Microsoft’s payout ratio is 28.07%.

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.