Mainsail Financial Group LLC Sells 797 Shares of Microsoft Co. (NASDAQ:MSFT)

Mainsail Financial Group LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 7.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 10,142 shares of the software giant’s stock after selling 797 shares during the period. Microsoft comprises about 2.7% of Mainsail Financial Group LLC’s investment portfolio, making the stock its 16th biggest position. Mainsail Financial Group LLC’s holdings in Microsoft were worth $4,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in MSFT. Norges Bank bought a new position in shares of Microsoft in the 4th quarter worth $35,920,047,000. Vanguard Group Inc. grew its holdings in shares of Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the last quarter. Swedbank AB bought a new position in shares of Microsoft during the 1st quarter valued at $5,587,119,000. TCI Fund Management Ltd. bought a new position in shares of Microsoft during the 4th quarter valued at $4,000,376,000. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Microsoft by 77.6% during the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of Microsoft 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 of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 130,751 shares of company stock valued at $53,628,156. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. Citigroup reduced their target price on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company increased their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Oppenheimer increased their target price on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Tigress Financial increased 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. Finally, Morgan Stanley reduced their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two 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, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Trading Up 1.0 %

Shares of NASDAQ MSFT opened at $405.72 on Tuesday. 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 stock has a market cap of $3.02 trillion, a P/E ratio of 35.13, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The firm has a 50-day moving average of $426.57 and a 200 day moving average of $423.04.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The business 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%. The business’s revenue for the quarter 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 expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 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.