Microsoft Co. (NASDAQ:MSFT) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% during the 3rd quarter, Holdings Channel reports. The firm owned 8,197 shares of the software giant’s stock after selling 213 shares during the period. Microsoft makes up about 2.2% of Boomfish Wealth Group LLC’s holdings, making the stock its 6th biggest position. Boomfish Wealth Group LLC’s holdings in Microsoft were worth $3,527,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new position in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC purchased a new stake in shares of Microsoft during the second quarter worth approximately $75,000. Bellevue Group AG lifted its holdings in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC grew its position in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 134,578 shares of company stock valued at $55,279,956. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $431.20 on Wednesday. The company has a market capitalization of $3.21 trillion, a P/E ratio of 35.58, a P/E/G ratio of 2.29 and a beta of 0.90. The business’s 50-day moving average is $420.83 and its 200 day moving average is $426.70. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.99 EPS. On average, equities research analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a stock buyback program 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 programs are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. 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 note on Monday, September 23rd. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

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.