Microsoft Co. (NASDAQ:MSFT) Holdings Increased by Kozak & Associates Inc.

Kozak & Associates Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.4% in the 2nd quarter, Holdings Channel reports. The fund owned 56,510 shares of the software giant’s stock after buying an additional 767 shares during the quarter. Microsoft accounts for about 6.4% of Kozak & Associates Inc.’s investment portfolio, making the stock its 6th biggest position. Kozak & Associates Inc.’s holdings in Microsoft were worth $26,038,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares 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 purchased a new stake in Microsoft during the 4th quarter valued at $58,000. Richardson Capital Management LLC increased its holdings in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the last quarter. Finally, Bellevue Group AG lifted its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, 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 filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 14,964 shares of company stock worth $6,245,404. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.8 %

Shares of MSFT opened at $413.49 on Tuesday. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The company has a 50 day simple moving average of $434.36 and a two-hundred day simple moving average of $422.87. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.23. The firm has a market cap of $3.07 trillion, a P/E ratio of 35.80, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted 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. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.69 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Oppenheimer lifted their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Argus boosted their price objective on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. BMO Capital Markets raised their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Tigress Financial increased their target price on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Finally, Morgan Stanley cut their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Company 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.