Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mascoma Wealth Management LLC

Mascoma Wealth Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,880 shares of the software giant’s stock after selling 200 shares during the quarter. Microsoft comprises about 0.8% of Mascoma Wealth Management LLC’s investment portfolio, making the stock its 19th biggest holding. Mascoma Wealth Management LLC’s holdings in Microsoft were worth $3,075,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FSB Premier Wealth Management Inc. raised its position in Microsoft by 23.9% in the second quarter. FSB Premier Wealth Management Inc. now owns 6,666 shares of the software giant’s stock worth $2,979,000 after acquiring an additional 1,284 shares in the last quarter. Archer Investment Corp raised its holdings in shares of Microsoft by 10.4% in the 2nd quarter. Archer Investment Corp now owns 13,687 shares of the software giant’s stock worth $6,117,000 after purchasing an additional 1,293 shares in the last quarter. Ferguson Shapiro LLC lifted its stake in Microsoft by 8.3% during the second quarter. Ferguson Shapiro LLC now owns 4,899 shares of the software giant’s stock valued at $2,190,000 after purchasing an additional 374 shares during the last quarter. Founders Financial Securities LLC boosted its holdings in Microsoft by 7.7% during the second quarter. Founders Financial Securities LLC now owns 31,291 shares of the software giant’s stock worth $13,985,000 after buying an additional 2,236 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its position in Microsoft by 0.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 638,443 shares of the software giant’s stock worth $285,352,000 after buying an additional 3,266 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was 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 in the company, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on 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 directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The trade was 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 over the last quarter. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MSFT shares. Wells Fargo & Company increased their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Piper Sandler reiterated an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Finally, TD Cowen boosted their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a report on Thursday, July 18th. Three equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $495.68.

Microsoft Trading Up 0.1 %

NASDAQ:MSFT opened at $416.72 on Friday. The company has a market capitalization of $3.10 trillion, a P/E ratio of 36.08, a P/E/G ratio of 2.22 and a beta of 0.90. The stock’s 50 day moving average price is $419.42 and its 200 day moving average price is $424.54. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate 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%. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.69 EPS. On average, research analysts forecast that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has authorized a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is 28.74%.

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.