Microsoft Co. (NASDAQ:MSFT) Shares Purchased by CGN Advisors LLC

CGN Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the first quarter, HoldingsChannel reports. The fund owned 24,168 shares of the software giant’s stock after buying an additional 452 shares during the quarter. Microsoft makes up about 1.3% of CGN Advisors LLC’s portfolio, making the stock its 20th largest position. CGN Advisors LLC’s holdings in Microsoft were worth $10,168,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Friedenthal Financial purchased a new position in shares of Microsoft in the 4th quarter worth about $45,000. Neo Ivy Capital Management acquired a new stake in Microsoft during the 4th quarter worth approximately $58,000. PayPay Securities Corp lifted its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares in the last quarter. Cooksen Wealth LLC purchased a new stake in Microsoft during the fourth quarter worth approximately $86,000. Finally, Kathleen S. Wright Associates Inc. increased its position in shares of Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Jefferies Financial Group lifted their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price objective on shares of Microsoft in a research note on Monday, April 22nd. Citigroup boosted their target price on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Finally, Wedbush reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, May 22nd. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.3 %

NASDAQ:MSFT opened at $446.95 on Friday. The stock has a market cap of $3.32 trillion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $456.17. The business has a fifty day moving average of $424.11 and a 200-day moving average of $409.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the firm posted $2.45 EPS. Microsoft’s revenue was up 17.0% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s payout ratio is 25.97%.

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.