Signature Resources Capital Management LLC Sells 123 Shares of Microsoft Co. (NASDAQ:MSFT)

Signature Resources Capital Management LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 4.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,678 shares of the software giant’s stock after selling 123 shares during the quarter. Microsoft comprises approximately 1.1% of Signature Resources Capital Management LLC’s holdings, making the stock its 13th largest holding. Signature Resources Capital Management LLC’s holdings in Microsoft were worth $1,152,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP purchased a new position in Microsoft in the 2nd quarter worth about $45,000. Innealta Capital LLC purchased a new position in Microsoft in the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC lifted its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its position in Microsoft by 241.4% in the 2nd 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 during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on MSFT. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Citigroup reduced their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $508.46.

Microsoft Price Performance

Shares of MSFT opened at $437.03 on Friday. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The stock’s fifty day moving average is $426.62 and its 200-day moving average is $428.26. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market capitalization of $3.25 trillion, a price-to-earnings ratio of 36.06, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors 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 buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.