2 weeks Ago By Defense World Staff
LRI Investments LLC lifted its position in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 59.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The fund owned 27,323 shares of the software giant’s stock after buying an additional 10,204 shares during the period. Microsoft makes up approximately 1.4% of LRI Investments LLC’s portfolio, making the stock its 12th largest position.
LRI Investments LLC’s holdings in Microsoft were worth $12,212,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Neo Ivy Capital Management acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $58,000.
Richardson Capital Management LLC increased its holdings in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter.
Bellevue Group AG increased its holdings in 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 purchasing an additional 58 shares during the last quarter.
Horizon Financial Services LLC acquired a new stake in Microsoft in the 1st quarter valued at approximately $80,000. Finally, Cooksen Wealth LLC acquired a new stake in Microsoft in the 4th quarter valued at approximately $86,000. Institutional investors and hedge funds own 71.
13% of the company’s stock. Analysts Set New Price Targets MSFT has been the subject of several research reports. Truist Financial reiterated a “buy” rating and issued a $600.
00 target price on shares of Microsoft in a report on Monday, June 17th. Morgan Stanley reiterated an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a report on Tuesday, September 17th.
Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. New Street Research initiated coverage on shares of Microsoft in a report on Monday, June 10th.
They issued a “buy” rating and a $570.00 target price for the company. Finally, Tigress Financial lifted their target price on shares of Microsoft from $475.
00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company.
According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $493.94. Insider Buying and Selling at Microsoft In other Microsoft news, insider Bradford L.
Smith sold 40,000 shares of Microsoft stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.
00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73.
The transaction was disclosed in a document filed with the SEC, which is available at the SEC website . In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.
41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.
53. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink . Also, insider Bradford L.
Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.
00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73.
The disclosure for this sale can be found here . Over the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.
03% of the stock is owned by company insiders. Microsoft Price Performance Shares of MSFT opened at $428.02 on Friday.
Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.
35. The stock has a market cap of $3.18 trillion, a PE ratio of 37.
06, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90.
The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.
27. The firm has a fifty day moving average price of $419.69 and a 200 day moving average price of $424.
76. Microsoft ( NASDAQ:MSFT – Get Free Report ) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.
95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05.
The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion.
Microsoft had a net margin of 35.96% and a return on equity of 35.95%.
Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.
69 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.
04 EPS for the current year. Microsoft Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.
83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.
75. This represents a $3.32 dividend on an annualized basis and a yield of 0.
78%. Microsoft’s payout ratio is currently 25.97%.
Microsoft announced that its board has approved a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.
9% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued. Microsoft Profile ( Free Report ) 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. Read More Five stocks we like better than Microsoft What is a Dividend King? Can Costco Stock Hit New Highs as Interest Rates Drop? What is the NASDAQ Stock Exchange? These 3 Stocks Show How to Navigate Declining Consumer Confidence Utilities Stocks Explained – How and Why to Invest in Utilities MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter .
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