Advance Capital Management Inc. Lowers Position in Microsoft Co. (NASDAQ:MSFT)

Advance Capital Management Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% during the second quarter, according to its most recent filing with the SEC. The firm owned 9,274 shares of the software giant’s stock after selling 340 shares during the period. Microsoft accounts for about 0.2% of Advance Capital Management Inc.’s portfolio, making the stock its 20th largest position. Advance Capital Management Inc.’s holdings in Microsoft were worth $4,145,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bayesian Capital Management LP grew its stake in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC grew its position in shares of Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the last quarter. Czech National Bank raised its stake in shares of Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC lifted its position in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC acquired a new stake in Microsoft in the fourth quarter valued at approximately $9,538,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.1 %

Shares of MSFT opened at $413.84 on Wednesday. The firm has a market cap of $3.08 trillion, a P/E ratio of 35.83, a PEG ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The stock’s 50 day moving average is $434.36 and its two-hundred day moving average is $422.87. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $2.69 EPS. Analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Bank of America upped their price target on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Macquarie increased their price target on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. TD Cowen boosted their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. New Street Research started coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. Finally, Citigroup dropped their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $494.72.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 14,964 shares of company stock valued at $6,245,404 over the last quarter. 0.03% of the stock is currently owned by insiders.

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.