Microsoft Co. (NASDAQ:MSFT) Shares Bought by Truefg LLC

Truefg LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the second quarter, Holdings Channel reports. The fund owned 1,241 shares of the software giant’s stock after purchasing an additional 37 shares during the period. Microsoft accounts for about 0.2% of Truefg LLC’s portfolio, making the stock its 26th largest holding. Truefg LLC’s holdings in Microsoft were worth $554,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Security Financial Services INC. grew its holdings in shares of Microsoft by 2.4% in the first quarter. Security Financial Services INC. now owns 5,475 shares of the software giant’s stock valued at $2,304,000 after purchasing an additional 128 shares in the last quarter. Royal Fund Management LLC raised its position in shares of Microsoft by 0.7% during the 1st quarter. Royal Fund Management LLC now owns 42,898 shares of the software giant’s stock worth $18,085,000 after acquiring an additional 308 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Microsoft by 5.8% during the 1st quarter. Ballentine Partners LLC now owns 164,408 shares of the software giant’s stock worth $69,170,000 after buying an additional 9,074 shares during the last quarter. High Net Worth Advisory Group LLC lifted its position in Microsoft by 9.8% in the first quarter. High Net Worth Advisory Group LLC now owns 13,012 shares of the software giant’s stock valued at $5,475,000 after acquiring an additional 1,159 shares during the last quarter. Finally, Cherrydale Wealth Management LLC boosted its position in shares of Microsoft by 18.5% in the 1st quarter. Cherrydale Wealth Management LLC now owns 5,656 shares of the software giant’s stock valued at $2,380,000 after purchasing an additional 884 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

MSFT has been the topic of several analyst reports. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Tuesday, October 8th. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Bank of America lifted their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. BMO Capital Markets upped their target price on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Finally, DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $502.97.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the 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 sale, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were 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 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.8 %

Shares of MSFT opened at $428.15 on Friday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.18 trillion, a PE ratio of 37.07, a PEG ratio of 2.24 and a beta of 0.90. Microsoft Co. has a 1 year low of $326.94 and a 1 year high of $468.35. The stock has a 50 day simple moving average of $420.59 and a 200-day simple moving average of $424.58.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating 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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period last year, the business earned $2.69 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is presently 28.74%.

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

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.