Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Nilsine Partners LLC

Nilsine Partners LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,315 shares of the software giant’s stock after acquiring an additional 156 shares during the quarter. Microsoft makes up about 2.1% of Nilsine Partners LLC’s holdings, making the stock its 9th largest holding. Nilsine Partners LLC’s holdings in Microsoft were worth $15,784,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Warren Street Wealth Advisors LLC lifted its holdings in Microsoft by 16.5% in the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after acquiring an additional 956 shares during the last quarter. Czech National Bank increased its position in shares of Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after acquiring an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC increased its position in shares of Microsoft by 296.7% during 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. AMG National Trust Bank increased its position in shares of Microsoft by 19.0% during the second quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after acquiring an additional 12,994 shares during the last quarter. Finally, Spinnaker Investment Group LLC increased its position in shares of Microsoft by 2.7% during the first quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after acquiring an additional 326 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated 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 transaction, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Tuesday, October 8th. Bank of America lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Finally, Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Three equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $493.47.

Microsoft Stock Performance

NASDAQ:MSFT opened at $416.32 on Friday. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a fifty-two week low of $324.39 and a fifty-two week high of $468.35. The stock has a market cap of $3.09 trillion, a PE ratio of 35.25, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The firm’s fifty day simple moving average is $417.92 and its 200-day simple moving average is $424.65.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. During the same period in the previous year, the firm earned $2.69 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s payout ratio is currently 25.40%.

Microsoft 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.