Microsoft Co. (NASDAQ:MSFT) is Evexia Wealth LLC’s Largest Position

Evexia Wealth LLC lessened its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,308 shares of the software giant’s stock after selling 599 shares during the quarter. Microsoft makes up about 5.4% of Evexia Wealth LLC’s holdings, making the stock its biggest holding. Evexia Wealth LLC’s holdings in Microsoft were worth $11,339,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Good Life Advisors LLC lifted its position in Microsoft by 0.6% in the 2nd quarter. Good Life Advisors LLC now owns 54,021 shares of the software giant’s stock worth $18,396,000 after buying an additional 311 shares in the last quarter. Carr Financial Group Corp grew its stake in Microsoft by 4.0% in the 2nd quarter. Carr Financial Group Corp now owns 10,761 shares of the software giant’s stock valued at $3,665,000 after buying an additional 417 shares during the last quarter. Planning Center Inc. grew its stake in Microsoft by 24.4% in the 2nd quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock valued at $1,651,000 after buying an additional 950 shares during the last quarter. Nissay Asset Management Corp Japan ADV grew its stake in Microsoft by 6.6% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 1,518,749 shares of the software giant’s stock valued at $437,855,000 after buying an additional 94,563 shares during the last quarter. Finally, Trivant Custom Portfolio Group LLC grew its stake in Microsoft by 1.2% in the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock valued at $6,769,000 after buying an additional 229 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of Microsoft 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 of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the company’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 completion of 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 disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of research analyst reports. Bank of America raised their target price on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. The Goldman Sachs Group raised their target price on shares of Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Citigroup raised their target price on shares of Microsoft from $430.00 to $432.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. Wells Fargo & Company reiterated an “overweight” rating and issued a $400.00 target price on shares of Microsoft in a research note on Monday, October 2nd. Finally, Guggenheim upgraded shares of Microsoft from a “sell” rating to a “neutral” rating in a research note on Monday, September 25th. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $384.45.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $370.27 on Wednesday. The firm has a market cap of $2.75 trillion, a price-to-earnings ratio of 35.84, a PEG ratio of 2.46 and a beta of 0.88. 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 50 day moving average price of $333.80 and a two-hundred day moving average price of $330.55.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. The company had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 billion. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The company’s quarterly revenue was up 12.8% on a year-over-year basis. During the same quarter last year, the firm posted $2.35 EPS. Equities analysts predict that Microsoft Co. will post 11.13 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.81%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s payout ratio is presently 29.04%.

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.