Microsoft Co. (NASDAQ:MSFT) Holdings Decreased by Huber Capital Management LLC

Huber Capital Management LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 16.8% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,543 shares of the software giant’s stock after selling 6,150 shares during the quarter. Microsoft accounts for approximately 3.1% of Huber Capital Management LLC’s holdings, making the stock its 7th biggest holding. Huber Capital Management LLC’s holdings in Microsoft were worth $13,651,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Microsoft during the 2nd quarter valued at about $75,000. Bellevue Group AG grew its stake in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the period. Bbjs Financial Advisors LLC raised its holdings in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft during the 2nd quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 1.2 %

NASDAQ:MSFT opened at $425.43 on Friday. The company’s 50-day simple moving average is $420.74 and its 200-day simple moving average is $424.80. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $360.36 and a fifty-two week high of $468.35. The stock has a market capitalization of $3.16 trillion, a P/E ratio of 35.10, a P/E/G ratio of 2.16 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the previous year, the company earned $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 12.95 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a share repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is presently 27.39%.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Tuesday. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Finally, Wedbush reiterated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $503.03.

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.