Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Regatta Capital Group LLC

Regatta Capital Group LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.0% in the third quarter, HoldingsChannel.com reports. The firm owned 22,439 shares of the software giant’s stock after acquiring an additional 645 shares during the period. Microsoft accounts for approximately 1.9% of Regatta Capital Group LLC’s investment portfolio, making the stock its 16th biggest holding. Regatta Capital Group LLC’s holdings in Microsoft were worth $9,656,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% during the second 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 period. Quarry LP acquired a new position in shares of Microsoft during the second quarter valued at $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter valued at $75,000. Bellevue Group AG boosted 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 valued at $76,000 after acquiring an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC boosted its holdings in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 96,578 shares of company stock valued at $39,679,056. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research note on Monday, September 23rd. Finally, The Goldman Sachs Group cut their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Price Performance

MSFT opened at $437.42 on Thursday. The stock has a market cap of $3.25 trillion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.29 and a beta of 0.90. Microsoft Co. has a 1 year low of $364.13 and a 1 year high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a fifty day moving average price of $420.93 and a 200 day moving average price of $426.78.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio is presently 27.39%.

About Microsoft

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.