2 weeks Ago By ABMN Staff
Monarch Capital Management Inc. trimmed its stake in Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 1.
0% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 50,888 shares of the software giant’s stock after selling 524 shares during the period.
Microsoft accounts for about 6.7% of Monarch Capital Management Inc.’s holdings, making the stock its largest position.
Monarch Capital Management Inc.’s holdings in Microsoft were worth $22,744,000 as of its most recent SEC filing. Several other hedge funds and other institutional investors also recently bought and sold shares of MSFT.
Bayesian Capital Management LP lifted its holdings in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the period.
Warren Street Wealth Advisors LLC lifted its holdings in shares of Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period.
Czech National Bank lifted its holdings in shares of Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the period.
True Link Financial Advisors LLC lifted its holdings in shares of Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after acquiring an additional 2,264 shares during the period.
Finally, United Advisor Group LLC bought a new position in shares of Microsoft during the 4th quarter worth about $9,538,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.
Insider Transactions at Microsoft In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.
39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website . In other news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.
55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.
95. The sale was disclosed in a filing with the SEC, which is available at the SEC website . Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction dated Wednesday, September 4th.
The shares were sold at an average price of $408.63, for a total value of $32,017,386.39.
Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The disclosure for this sale can be found here .
Over the last 90 days, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by corporate insiders.
Microsoft Stock Performance Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.
90 by $0.05. Microsoft had a return on equity of 35.
95% and a net margin of 35.96%. The company had revenue of $64.
73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the business posted $2.
69 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year.
Sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.
Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.
9% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued. Microsoft Increases Dividend The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th.
Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.
32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, November 21st.
This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 25.
97%. Analyst Ratings Changes Several brokerages recently issued reports on MSFT. UBS Group cut their price target on shares of Microsoft from $520.
00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America lifted their price target on shares of Microsoft from $480.
00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Mizuho lifted their price target on shares of Microsoft from $450.
00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Royal Bank of Canada restated an “outperform” rating and issued a $500.
00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, June 17th.
Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.94.
Read Our Latest Stock Analysis on Microsoft Microsoft Company 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. See Also Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for Microsoft Co. ( NASDAQ:MSFT – Free Report ). 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.
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