Microsoft Co. (NASDAQ:MSFT) Shares Sold by Institutional & Family Asset Management LLC

Institutional & Family Asset Management LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 0.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,264 shares of the software giant’s stock after selling 107 shares during the quarter. Microsoft accounts for approximately 1.2% of Institutional & Family Asset Management LLC’s holdings, making the stock its 17th biggest holding. Institutional & Family Asset Management LLC’s holdings in Microsoft were worth $8,163,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Friedenthal Financial bought a new stake in shares of Microsoft in the 4th quarter worth about $45,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Microsoft in the fourth quarter worth $58,000. Bellevue Group AG increased its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Finally, PayPay Securities Corp raised its stake in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $413.49 on Tuesday. The firm has a 50-day moving average of $434.36 and a two-hundred day moving average of $422.87. The firm has a market capitalization of $3.07 trillion, a PE ratio of 35.80, a P/E/G ratio of 2.11 and a beta of 0.90. 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 Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the firm earned $2.69 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. On average, analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is 25.97%.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. TD Cowen upped their target price on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Citigroup dropped their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Bank of America boosted their price target on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Finally, BMO Capital Markets increased their price objective on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, July 12th. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $494.72.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated 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 completion of the sale, 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 filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 14,964 shares of company stock valued at $6,245,404. Company insiders own 0.03% of the company’s stock.

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.