Synergy Asset Management LLC Purchases 517 Shares of Microsoft Co. (NASDAQ:MSFT)

Synergy Asset Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 77,923 shares of the software giant’s stock after buying an additional 517 shares during the period. Microsoft makes up 6.6% of Synergy Asset Management LLC’s holdings, making the stock its 2nd biggest holding. Synergy Asset Management LLC’s holdings in Microsoft were worth $26,536,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Sightline Wealth Advisors LLC increased its holdings in shares of Microsoft by 0.9% in the 2nd quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock worth $962,000 after buying an additional 29 shares during the last quarter. Stevens Capital Partners increased its holdings in shares of Microsoft by 2.0% in the 2nd quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock worth $516,000 after buying an additional 29 shares during the last quarter. Eagle Bluffs Wealth Management LLC increased its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after buying an additional 31 shares during the last quarter. Strategic Investment Solutions Inc. IL grew its holdings in shares of Microsoft by 0.8% during the 1st quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock valued at $1,213,000 after purchasing an additional 32 shares during the last quarter. Finally, Arbor Capital Management Inc. ADV grew its holdings in shares of Microsoft by 0.5% during the 1st quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock valued at $2,074,000 after purchasing an additional 33 shares during the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Microsoft Stock Up 2.1 %

NASDAQ:MSFT opened at $377.44 on Tuesday. The firm has a 50-day simple moving average of $336.96 and a two-hundred day simple moving average of $332.47. Microsoft Co. has a fifty-two week low of $219.35 and a fifty-two week high of $378.87. The firm has a market cap of $2.81 trillion, a P/E ratio of 36.54, a P/E/G ratio of 2.51 and a beta of 0.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.64 and a current ratio of 1.66.

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

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.79%. Microsoft’s payout ratio is currently 29.04%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were 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 directly 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 is accessible through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Wells Fargo & Company reaffirmed an “overweight” rating and set a $400.00 target price on shares of Microsoft in a report on Monday, October 2nd. DA Davidson reaffirmed a “buy” rating and set a $415.00 target price on shares of Microsoft in a report on Monday, October 16th. Wedbush increased their target price on shares of Microsoft from $400.00 to $425.00 and gave the company an “outperform” rating in a report on Thursday, November 16th. Raymond James raised their price target on shares of Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, July 24th. Finally, Loop Capital started coverage on shares of Microsoft in a report on Tuesday, October 17th. They issued a “buy” rating and a $425.00 price target on the stock. 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, the stock has an average rating of “Moderate Buy” and an average target price of $388.06.

About Microsoft

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.