Schiavi & Co LLC Has $661,000 Stake in Microsoft Co. (NASDAQ:MSFT)

Schiavi & Co LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 146.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,478 shares of the software giant’s stock after buying an additional 878 shares during the quarter. Microsoft comprises 0.3% of Schiavi & Co LLC’s portfolio, making the stock its 12th biggest position. Schiavi & Co LLC’s holdings in Microsoft were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. Swedbank AB bought a new stake in Microsoft in the first quarter valued at approximately $5,587,119,000. Vanguard Group Inc. grew its holdings in shares of Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after buying an additional 3,078,099 shares during the period. Canada Pension Plan Investment Board increased its position in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after buying an additional 2,744,900 shares in the last quarter. M&G Plc acquired a new stake in Microsoft during the 1st quarter worth $846,072,000. Finally, Strategic Financial Concepts LLC lifted its holdings in Microsoft by 31,648.5% during the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after acquiring an additional 1,865,996 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on MSFT shares. KeyCorp raised their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Mizuho raised their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Wedbush reaffirmed an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $502.97.

Insider Activity

In related news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on 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 transaction, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. 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 link. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction on 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 transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 190,629 shares of company stock valued at $77,916,485. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $431.95 on Wednesday. Microsoft Co. has a one year low of $331.83 and a one year high of $468.35. 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 company has a market cap of $3.21 trillion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.24 and a beta of 0.90. The firm has a 50 day simple moving average of $420.84 and a 200 day simple moving average of $424.65.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 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 firm had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period last year, the firm posted $2.69 earnings per share. The business’s revenue for the quarter was up 15.2% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 28.11%.

Microsoft announced that its Board of Directors has approved a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board 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.