Echo45 Advisors LLC Trims Stake in Microsoft Co. (NASDAQ:MSFT)

Echo45 Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 3.3% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 5,695 shares of the software giant’s stock after selling 195 shares during the period. Microsoft accounts for about 1.6% of Echo45 Advisors LLC’s holdings, making the stock its 17th largest holding. Echo45 Advisors LLC’s holdings in Microsoft were worth $1,939,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors 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 buying 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 buying 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 buying 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 buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its stake in Microsoft by 8.2% during the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Rosenblatt Securities increased their target price on Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Oppenheimer reiterated an “outperform” rating and set a $410.00 target price on shares of Microsoft in a research note on Wednesday, October 25th. Guggenheim upgraded Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday, September 25th. Tigress Financial increased their target price on Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. Finally, Redburn Partners cut their target price on Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $384.45.

View Our Latest Stock Report on Microsoft

Insider Activity

In other news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated 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 transaction, 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 SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated 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 transaction, 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 SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, 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. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $370.27 on Wednesday. Microsoft Co. has a 52-week low of $219.35 and a 52-week high of $371.95. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.66. The firm has a market capitalization of $2.75 trillion, a PE ratio of 35.84, a PEG ratio of 2.46 and a beta of 0.88. The stock has a fifty day simple moving average of $333.80 and a two-hundred day simple moving average of $330.55.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. The business had revenue of $56.52 billion during the quarter, compared to analyst estimates of $54.52 billion. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. Microsoft’s revenue for the quarter was up 12.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.35 EPS. On average, analysts predict that Microsoft Co. will post 11.13 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be given a dividend of $0.75 per share. This is a positive change 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 (DPR) is presently 29.04%.

Microsoft Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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