Resonant Capital Advisors LLC Raises Stock Position in Microsoft Co. (NASDAQ:MSFT)

Resonant Capital Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,611 shares of the software giant’s stock after purchasing an additional 1,861 shares during the quarter. Microsoft accounts for about 1.3% of Resonant Capital Advisors LLC’s holdings, making the stock its 20th biggest holding. Resonant Capital Advisors LLC’s holdings in Microsoft were worth $15,916,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the period. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Microsoft in the 2nd quarter valued at approximately $75,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in shares of Microsoft during the 1st quarter worth $80,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.1 %

Microsoft stock opened at $418.74 on Wednesday. The stock’s 50 day moving average price is $418.79 and its 200 day moving average price is $424.65. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The company has a market cap of $3.11 trillion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. 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 (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, sell-side analysts predict that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership 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 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 0.79%. Microsoft’s dividend payout ratio (DPR) is 28.74%.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s 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 directly 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 transaction was disclosed in a document filed 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 dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 190,629 shares of company stock worth $77,916,485. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Piper Sandler reissued an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a report on Tuesday, September 17th. TD Cowen raised their price objective on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Finally, Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $493.47.

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.