Capital Insight Partners LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 20,917 shares of the software giant’s stock after purchasing an additional 60 shares during the quarter. Microsoft accounts for about 1.8% of Capital Insight Partners LLC’s investment portfolio, making the stock its 12th biggest holding. Capital Insight Partners LLC’s holdings in Microsoft were worth $10,404,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also bought and sold shares of the company. PMV Capital Advisers LLC raised its stake in Microsoft by 5.9% during the second quarter. PMV Capital Advisers LLC now owns 359 shares of the software giant’s stock valued at $178,000 after purchasing an additional 20 shares in the last quarter. Seek First Inc. raised its stake in Microsoft by 1.5% during the second quarter. Seek First Inc. now owns 1,358 shares of the software giant’s stock valued at $675,000 after purchasing an additional 20 shares in the last quarter. Level Financial Advisors raised its stake in Microsoft by 0.8% during the second quarter. Level Financial Advisors now owns 2,680 shares of the software giant’s stock valued at $1,333,000 after purchasing an additional 20 shares in the last quarter. Guided Capital Wealth Management LLC raised its stake in Microsoft by 0.4% during the second quarter. Guided Capital Wealth Management LLC now owns 5,405 shares of the software giant’s stock valued at $2,688,000 after purchasing an additional 21 shares in the last quarter. Finally, Great Oak Capital Partners LLC raised its stake in Microsoft by 0.9% during the second quarter. Great Oak Capital Partners LLC now owns 2,298 shares of the software giant’s stock valued at $1,157,000 after purchasing an additional 21 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.
Microsoft Trading Down 0.0%
Shares of MSFT opened at $513.43 on Thursday. The company’s fifty day simple moving average is $512.18 and its 200-day simple moving average is $473.79. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.82 trillion, a P/E ratio of 37.64, a P/E/G ratio of 2.24 and a beta of 1.03. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.
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 issued a $0.91 dividend. The ex-dividend date is Thursday, November 20th. This is a boost from Microsoft’s previous quarterly dividend of $0.83. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Insider Transactions at Microsoft
In other news, CEO Satya Nadella sold 149,205 shares of the company’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total value of $75,315,699.90. Following the transaction, the chief executive officer directly owned 790,852 shares in the company, valued at approximately $399,206,272.56. This represents a 15.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on MSFT shares. Citigroup upped their price target on shares of Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Wells Fargo & Company upped their price target on shares of Microsoft from $650.00 to $675.00 and gave the company an “overweight” rating in a research note on Monday, October 6th. Wedbush upped their price target on shares of Microsoft from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. DA Davidson increased their target price on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Finally, Westpark Capital reissued a “hold” rating on shares of Microsoft in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirty-one have given a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $618.47.
View Our Latest Research Report on MSFT
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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