Microsoft Co. (NASDAQ:MSFT) is Monetary Management Group Inc.’s Largest Position

Monetary Management Group Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% in the second quarter, Holdings Channel reports. The institutional investor owned 73,608 shares of the software giant’s stock after acquiring an additional 68 shares during the period. Microsoft accounts for 8.7% of Monetary Management Group Inc.’s holdings, making the stock its biggest position. Monetary Management Group Inc.’s holdings in Microsoft were worth $32,899,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Bayesian Capital Management LP lifted its holdings in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC lifted its holdings in Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the period. Czech National Bank lifted its holdings in Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after buying an additional 5,253 shares during the period. True Link Financial Advisors LLC lifted its holdings in Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock worth $1,274,000 after buying an additional 2,264 shares during the period. Finally, United Advisor Group LLC purchased a new stake in Microsoft during the fourth quarter worth $9,538,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company upped their price target on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 31st. Tigress Financial upped their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. UBS Group reduced their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. TD Cowen upped their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report 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 stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Trading Up 1.0 %

MSFT stock opened at $405.72 on Tuesday. The company’s 50-day simple moving average is $426.57 and its 200-day simple moving average is $423.04. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.13, a PEG ratio of 2.03 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted 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. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the prior year, the company posted $2.69 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The disclosure for this sale can be found here. In the last three months, insiders have sold 130,751 shares of company stock valued at $53,628,156. 0.03% of the stock is owned by corporate insiders.

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.