Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Trajan Wealth LLC

Trajan Wealth LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 196,477 shares of the software giant’s stock after acquiring an additional 14,308 shares during the quarter. Microsoft comprises 5.6% of Trajan Wealth LLC’s investment portfolio, making the stock its 3rd biggest position. Trajan Wealth LLC’s holdings in Microsoft were worth $87,815,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MSFT. Rebalance LLC lifted its position in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares during the last quarter. Innova Wealth Partners lifted its stake in Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. boosted its holdings in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after purchasing an additional 25 shares in the last quarter. Partnership Wealth Management LLC increased its stake in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after purchasing an additional 25 shares during the last quarter. Finally, Doheny Asset Management CA raised its holdings in Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction 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 sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 0.1 %

MSFT opened at $416.54 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 12 month low of $314.00 and a 12 month high of $468.35. The stock has a market capitalization of $3.10 trillion, a P/E ratio of 36.06, a P/E/G ratio of 2.30 and a beta of 0.90. The business has a 50 day simple moving average of $418.50 and a 200-day simple moving average of $425.01.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period in the previous year, the firm earned $2.69 EPS. On average, equities analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft announced that its board has approved a stock repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is 28.74%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on MSFT. Piper Sandler reiterated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Argus lifted their target price on Microsoft from $475.00 to $526.00 and gave the stock a “buy” rating in a research report on Tuesday, July 9th. Morgan Stanley reissued an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a research report on Tuesday, September 17th. New Street Research started coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Finally, Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $493.94.

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.