Microsoft Co. (NASDAQ:MSFT) Shares Sold by Hutchens & Kramer Investment Management Group LLC

Hutchens & Kramer Investment Management Group LLC reduced its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 64.8% in the 3rd quarter, HoldingsChannel reports. The fund owned 7,792 shares of the software giant’s stock after selling 14,344 shares during the quarter. Microsoft accounts for approximately 1.8% of Hutchens & Kramer Investment Management Group LLC’s investment portfolio, making the stock its 11th biggest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $3,278,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Microsoft by 62.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after purchasing an additional 43,327 shares during the period. Quent Capital LLC boosted its position in shares of Microsoft by 4.3% in the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock valued at $15,099,000 after purchasing an additional 1,467 shares during the period. Delta Financial Advisors LLC boosted its position in shares of Microsoft by 1.0% in the 1st quarter. Delta Financial Advisors LLC now owns 30,731 shares of the software giant’s stock valued at $12,929,000 after purchasing an additional 306 shares during the period. Finally, Paradice Investment Management LLC boosted its position in shares of Microsoft by 25.9% in the 1st quarter. Paradice Investment Management LLC now owns 1,112 shares of the software giant’s stock valued at $468,000 after purchasing an additional 229 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 96,578 shares of company stock worth $39,679,056. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

NASDAQ MSFT opened at $437.42 on Thursday. Microsoft Co. has a 1-year low of $364.13 and a 1-year high of $468.35. The company has a market capitalization of $3.25 trillion, a P/E ratio of 36.09, a PEG ratio of 2.29 and a beta of 0.90. The business has a 50 day moving average price of $420.93 and a 200 day moving average price of $426.78. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

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

Microsoft announced that its board has initiated a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analysts Set New Price Targets

A number of analysts recently issued reports on MSFT shares. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Tuesday. TD Cowen reduced their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Citigroup reduced their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, Morgan Stanley upped their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price 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.