CGN Advisors LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

CGN Advisors LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 2.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,725 shares of the software giant’s stock after purchasing an additional 557 shares during the quarter. Microsoft accounts for 1.3% of CGN Advisors LLC’s investment portfolio, making the stock its 17th largest position. CGN Advisors LLC’s holdings in Microsoft were worth $11,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also made changes to their positions in MSFT. Bayesian Capital Management LP increased its holdings in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC increased its holdings in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after acquiring an additional 956 shares in the last quarter. Czech National Bank increased its holdings in Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after acquiring an additional 5,253 shares in the last quarter. True Link Financial Advisors LLC increased its holdings in Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares in the last quarter. Finally, United Advisor Group LLC purchased a new position in Microsoft during the 4th quarter valued at about $9,538,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 1.0 %

Shares of MSFT stock opened at $417.14 on Friday. The stock has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The firm’s 50 day moving average price is $432.34 and its two-hundred day moving average price is $422.67.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.69 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Activity

In other news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred 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 sale, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction 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 completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, June 17th. Morgan Stanley decreased their price target on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 31st. Bank of America raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group decreased their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. Finally, TD Cowen raised their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.