Koss Olinger Consulting LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 7.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,395 shares of the software giant’s stock after selling 353 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Microsoft were worth $1,497,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of MSFT. Moneta Group Investment Advisors LLC boosted its position in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Norges Bank acquired a new stake in Microsoft during the 4th quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC boosted its position in Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after acquiring an additional 20,553,188 shares during the period. Providence Capital Advisors LLC boosted its position in Microsoft by 29,789.2% during the 1st quarter. Providence Capital Advisors LLC now owns 16,570,893 shares of the software giant’s stock worth $57,477,000 after acquiring an additional 16,515,452 shares during the period. Finally, Morgan Stanley raised its stake in shares of Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after purchasing an additional 14,652,150 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on MSFT. HSBC raised Microsoft from a “hold” rating to a “buy” rating and raised their price target for the stock from $347.00 to $413.00 in a research note on Thursday, October 26th. Raymond James raised their price target on Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. DA Davidson reaffirmed a “buy” rating and set a $415.00 price target on shares of Microsoft in a research note on Monday, October 16th. TD Cowen raised their price target on Microsoft from $330.00 to $390.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 19th. Finally, Citigroup raised their price target on Microsoft from $430.00 to $432.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $384.34.
Insider Buying and Selling at Microsoft
In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
Microsoft Price Performance
Shares of MSFT stock opened at $369.67 on Friday. The stock’s fifty day simple moving average is $332.31 and its 200 day simple moving average is $329.43. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.64. The firm has a market cap of $2.75 trillion, a price-to-earnings ratio of 35.79, a P/E/G ratio of 2.40 and a beta of 0.88. Microsoft Co. has a one year low of $219.35 and a one year high of $370.10.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The firm had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter in the previous year, the company posted $2.35 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 11.13 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 annualized dividend and a yield of 0.81%. Microsoft’s payout ratio is presently 26.33%.
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.
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