Koss Olinger Consulting LLC Sells 19,196 Shares of Microsoft Co. (NASDAQ:MSFT)

Koss Olinger Consulting LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 83.0% in the second quarter, Holdings Channel.com reports. The firm owned 3,926 shares of the software giant’s stock after selling 19,196 shares during the quarter. Koss Olinger Consulting LLC’s holdings in Microsoft were worth $1,755,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. First Community Trust NA lifted its stake in shares of Microsoft by 5.8% in the 1st quarter. First Community Trust NA now owns 20,517 shares of the software giant’s stock valued at $8,632,000 after acquiring an additional 1,121 shares during the last quarter. Gunderson Capital Management Inc. boosted its position in Microsoft by 8.8% during the 1st quarter. Gunderson Capital Management Inc. now owns 27,087 shares of the software giant’s stock valued at $11,396,000 after acquiring an additional 2,200 shares in the last quarter. BTC Capital Management Inc. purchased a new position in Microsoft during the first quarter valued at $45,709,000. Private Capital Management LLC grew its holdings in Microsoft by 0.5% in the fourth quarter. Private Capital Management LLC now owns 7,452 shares of the software giant’s stock worth $2,802,000 after purchasing an additional 40 shares during the period. Finally, MCIA Inc boosted its holdings in Microsoft by 9.5% in the first quarter. MCIA Inc now owns 3,398 shares of the software giant’s stock worth $1,448,000 after acquiring an additional 294 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.7 %

Shares of Microsoft stock opened at $424.60 on Thursday. 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 firm’s 50-day moving average is $420.33 and its two-hundred day moving average is $424.56. Microsoft Co. has a 1 year low of $326.94 and a 1 year high of $468.35. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.76, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 EPS. As a group, research analysts expect that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced 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. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is presently 28.74%.

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

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. BMO Capital Markets increased their price objective on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. TD Cowen raised their target price on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Bank of America boosted 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 cut their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group lowered their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.58.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was 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 directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 over the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft 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.