Microsoft Co. (NASDAQ:MSFT) Shares Bought by G2 Capital Management LLC OH

G2 Capital Management LLC OH increased its stake in Microsoft Co. (NASDAQ:MSFT) by 3.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,763 shares of the software giant’s stock after acquiring an additional 100 shares during the period. Microsoft makes up approximately 0.4% of G2 Capital Management LLC OH’s investment portfolio, making the stock its 28th biggest position. G2 Capital Management LLC OH’s holdings in Microsoft were worth $1,235,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Richardson Capital Management LLC boosted its holdings 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 acquiring an additional 129 shares in the last quarter. Innealta Capital LLC bought a new position in shares of Microsoft in the second quarter valued at approximately $75,000. Bellevue Group AG boosted its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Iron Horse Wealth Management LLC boosted its holdings in shares of Microsoft by 36.8% in the first quarter. Iron Horse Wealth Management LLC now owns 305 shares of the software giant’s stock valued at $128,000 after acquiring an additional 82 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 1.0 %

Microsoft stock opened at $410.37 on Monday. The company has a market capitalization of $3.05 trillion, a P/E ratio of 33.86, a P/E/G ratio of 2.14 and a beta of 0.91. The firm’s fifty day simple moving average is $420.69 and its 200-day simple moving average is $424.71. The company has a current ratio of 1.30, a quick ratio of 1.27 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 1-year low of $344.77 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the business posted $2.99 EPS. Microsoft’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 12.98 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. Sanford C. Bernstein decreased their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Finally, KeyCorp raised their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction 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 directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction 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 completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is owned by insiders.

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.