Clear Point Advisors Inc. boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,434 shares of the software giant’s stock after acquiring an additional 31 shares during the period. Clear Point Advisors Inc.’s holdings in Microsoft were worth $728,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. XY Planning Network Inc. lifted its position in shares of Microsoft by 147.4% during the 2nd quarter. XY Planning Network Inc. now owns 1,754 shares of the software giant’s stock worth $872,000 after purchasing an additional 1,045 shares during the last quarter. BayBridge Capital Group LLC raised its stake in Microsoft by 2.8% in the second quarter. BayBridge Capital Group LLC now owns 5,130 shares of the software giant’s stock valued at $2,552,000 after buying an additional 139 shares in the last quarter. Johnson Bixby & Associates LLC raised its stake in Microsoft by 23.8% in the second quarter. Johnson Bixby & Associates LLC now owns 9,184 shares of the software giant’s stock valued at $4,568,000 after buying an additional 1,765 shares in the last quarter. Virginia Wealth Management Group Inc. lifted its holdings in Microsoft by 0.6% during the 2nd quarter. Virginia Wealth Management Group Inc. now owns 11,533 shares of the software giant’s stock worth $5,737,000 after buying an additional 72 shares during the last quarter. Finally, Charles Schwab Trust Co boosted its position in shares of Microsoft by 10.3% during the 2nd quarter. Charles Schwab Trust Co now owns 20,003 shares of the software giant’s stock worth $9,950,000 after acquiring an additional 1,866 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Microsoft Price Performance
Shares of MSFT opened at $514.05 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The firm has a 50-day simple moving average of $512.69 and a 200-day simple moving average of $473.23. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 37.69, a price-to-earnings-growth ratio of 2.22 and a beta of 1.03.
Microsoft Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on MSFT. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. Scotiabank increased their price target on shares of Microsoft from $500.00 to $650.00 and gave the company a “sector outperform” rating in a research note on Thursday, July 31st. UBS Group reissued a “buy” rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Mizuho upped their target price on shares of Microsoft from $540.00 to $625.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Citigroup increased their target price on shares of Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, thirty-one have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $618.47.
View Our Latest Stock Analysis on MSFT
Insider Buying and Selling at Microsoft
In related news, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total transaction of $75,315,699.90. Following the transaction, the chief executive officer owned 790,852 shares of the company’s stock, valued at approximately $399,206,272.56. The trade was a 15.87% decrease in their position. The disclosure for this sale can be found here. 0.03% of the stock is owned by company 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.
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