Intellectus Partners LLC Sells 891 Shares of Microsoft Co. (NASDAQ:MSFT)

Intellectus Partners LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 4.3% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,015 shares of the software giant’s stock after selling 891 shares during the quarter. Microsoft comprises about 2.0% of Intellectus Partners LLC’s portfolio, making the stock its 4th biggest holding. Intellectus Partners LLC’s holdings in Microsoft were worth $6,816,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Sightline Wealth Advisors LLC boosted its holdings in Microsoft by 0.9% in the second quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock worth $962,000 after acquiring an additional 29 shares in the last quarter. Stevens Capital Partners boosted its holdings in Microsoft by 2.0% in the second quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock worth $516,000 after acquiring an additional 29 shares in the last quarter. Eagle Bluffs Wealth Management LLC boosted its holdings in Microsoft by 0.3% in the second quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after acquiring an additional 31 shares in the last quarter. Strategic Investment Solutions Inc. IL boosted its holdings in Microsoft by 0.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after acquiring an additional 32 shares in the last quarter. Finally, Arbor Capital Management Inc. ADV boosted its holdings in Microsoft by 0.5% in the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after acquiring an additional 33 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. Fundamental Research set a $298.10 target price on Microsoft and gave the company a “hold” rating in a report on Wednesday, August 9th. Tigress Financial raised their target price on Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a report on Wednesday, August 2nd. BMO Capital Markets raised their target price on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a $385.00 price target on shares of Microsoft in a research report on Friday, September 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $400.00 price target on shares of Microsoft in a research report on Monday, October 2nd. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $384.34.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred 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 directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 800,668 shares in the company, valued at $262,963,391.24. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 2.5 %

MSFT opened at $369.67 on Monday. The company has a market cap of $2.75 trillion, a P/E ratio of 35.79, a P/E/G ratio of 2.46 and a beta of 0.88. The business’s 50-day moving average price is $332.31 and its 200-day moving average price is $329.67. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12 month low of $219.35 and a 12 month high of $370.10.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The company had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter in the previous year, the business earned $2.35 EPS. Microsoft’s revenue was up 12.8% compared to the same quarter last year. On average, equities analysts expect that Microsoft Co. will post 11.13 EPS for the current year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is 26.33%.

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.