Obsidian Personal Planning Solutions LLC Sells 486 Shares of Microsoft Co. (NASDAQ:MSFT)

Obsidian Personal Planning Solutions LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.5% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 5,253 shares of the software giant’s stock after selling 486 shares during the quarter. Microsoft comprises about 1.4% of Obsidian Personal Planning Solutions LLC’s investment portfolio, making the stock its 23rd biggest position. Obsidian Personal Planning Solutions LLC’s holdings in Microsoft were worth $2,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayesian Capital Management LP grew its stake in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after buying an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC lifted its holdings in shares of Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after acquiring an additional 956 shares during the period. Czech National Bank lifted its holdings in shares of Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the period. True Link Financial Advisors LLC increased its stake in Microsoft by 296.7% in the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC bought a new position in Microsoft in the fourth quarter valued at approximately $9,538,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. TD Cowen increased their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Piper Sandler reissued an “overweight” rating and issued a $485.00 price objective on shares of Microsoft in a research note on Wednesday, July 31st. Tigress Financial boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Argus increased their price target on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $493.94.

Microsoft Trading Up 0.5 %

MSFT opened at $430.30 on Tuesday. The business’s 50 day moving average price is $419.26 and its 200 day moving average price is $425.10. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The stock has a market capitalization of $3.20 trillion, a PE ratio of 37.26, a P/E/G ratio of 2.30 and a beta of 0.90. Microsoft Co. has a one year low of $311.21 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its 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 net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the prior year, the company posted $2.69 earnings per share. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, equities research analysts expect that Microsoft Co. will post 13.04 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 28.74%.

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.