MPS Loria Financial Planners LLC Buys 788 Shares of Microsoft Co. (NASDAQ:MSFT)

MPS Loria Financial Planners LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 11.3% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,752 shares of the software giant’s stock after purchasing an additional 788 shares during the period. Microsoft accounts for about 1.1% of MPS Loria Financial Planners LLC’s investment portfolio, making the stock its 8th biggest holding. MPS Loria Financial Planners LLC’s holdings in Microsoft were worth $3,465,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in MSFT. Friedenthal Financial acquired a new stake in shares of Microsoft during the 4th quarter worth about $45,000. Richardson Capital Management LLC raised its position in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $58,000. Bellevue Group AG grew its position in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares in the last quarter. Finally, PayPay Securities Corp increased its stake in Microsoft by 23.7% during the 4th 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were 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 owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. New Street Research initiated coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Bank of America raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Mizuho upped their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Finally, Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Stock Up 1.0 %

Shares of MSFT opened at $417.14 on Friday. The stock’s 50-day moving average price is $432.34 and its two-hundred day moving average price is $422.67. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The company has a market capitalization of $3.10 trillion, a PE ratio of 36.12, a PEG 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 (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Microsoft 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.