Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Riverstone Advisors LLC

Riverstone Advisors LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 4,510 shares of the software giant’s stock after purchasing an additional 25 shares during the quarter. Microsoft accounts for 1.1% of Riverstone Advisors LLC’s portfolio, making the stock its 15th largest position. Riverstone Advisors LLC’s holdings in Microsoft were worth $1,941,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its stake in 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 purchasing an additional 44 shares during the last quarter. Quarry LP bought a new position in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the 2nd quarter worth $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of analyst reports. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. KeyCorp raised their price objective 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 lowered Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued 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 $511.62.

Check Out Our Latest Stock Report on MSFT

Microsoft Price Performance

Shares of MSFT opened at $415.67 on Wednesday. The stock has a 50 day simple moving average of $429.08 and a 200 day simple moving average of $426.72. Microsoft Co. has a 52-week low of $384.81 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm has a market capitalization of $3.09 trillion, a PE ratio of 34.30, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly 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. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company posted $2.99 earnings per share. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. Sell-side analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s payout ratio is presently 27.39%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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