Microsoft Co. (NASDAQ:MSFT) Shares Bought by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 13.4% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 50,491 shares of the software giant’s stock after purchasing an additional 5,984 shares during the quarter. Microsoft comprises about 2.1% of Sage Mountain Advisors LLC’s investment portfolio, making the stock its 10th biggest position. Sage Mountain Advisors LLC’s holdings in Microsoft were worth $22,567,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. United Advisor Group LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at $9,538,000. GSA Capital Partners LLP grew its position in Microsoft by 51.4% during the fourth quarter. GSA Capital Partners LLP now owns 6,646 shares of the software giant’s stock valued at $2,499,000 after acquiring an additional 2,256 shares during the period. O Dell Group LLC increased its stake in Microsoft by 25.5% during the fourth quarter. O Dell Group LLC now owns 6,255 shares of the software giant’s stock worth $2,352,000 after acquiring an additional 1,271 shares during the last quarter. Optimist Retirement Group LLC purchased a new position in shares of Microsoft in the 4th quarter worth about $1,875,000. Finally, PCA Investment Advisory Services Inc. lifted its stake in shares of Microsoft by 0.6% in the 4th quarter. PCA Investment Advisory Services Inc. now owns 10,352 shares of the software giant’s stock valued at $3,892,000 after purchasing an additional 58 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Tuesday. Bank of America raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Citigroup cut their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Finally, DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research report on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $493.47.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 14,398 shares of the business’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 sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 sale, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.1 %

MSFT stock opened at $416.32 on Friday. The firm has a fifty day moving average price of $417.92 and a two-hundred day moving average price of $424.63. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 35.25, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same period in the prior year, the business earned $2.69 EPS. The firm’s revenue was up 15.2% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is currently 25.40%.

Microsoft declared that its board has authorized a share buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

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.