Insigneo Advisory Services LLC Sells 824 Shares of Microsoft Co. (NASDAQ:MSFT)

Insigneo Advisory Services LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,870 shares of the software giant’s stock after selling 824 shares during the period. Microsoft makes up 4.2% of Insigneo Advisory Services LLC’s portfolio, making the stock its 2nd largest position. Insigneo Advisory Services LLC’s holdings in Microsoft were worth $39,720,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% during 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 bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG boosted its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC grew its stake in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the second quarter worth $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.7 %

MSFT opened at $422.54 on Monday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $360.36 and a twelve month high of $468.35. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 34.86, a P/E/G ratio of 2.24 and a beta of 0.91. The company has a 50-day simple moving average of $421.09 and a 200 day simple moving average of $425.07.

Microsoft (NASDAQ:MSFT) last posted 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 quarter last year, the business posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts predict that Microsoft Co. will post 12.94 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given 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 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft declared that its Board of Directors has initiated a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Citigroup reduced their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Wedbush reissued an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Sanford C. Bernstein dropped their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was 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 owned by corporate insiders.

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.