Microsoft Co. (NASDAQ:MSFT) is Wisconsin Capital Management LLC’s 2nd Largest Position

Wisconsin Capital Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the second quarter, Holdings Channel reports. The fund owned 25,401 shares of the software giant’s stock after selling 282 shares during the period. Microsoft comprises 5.8% of Wisconsin Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Wisconsin Capital Management LLC’s holdings in Microsoft were worth $11,353,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Warren Street Wealth Advisors LLC boosted its holdings in shares of Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after buying an additional 956 shares in the last quarter. Czech National Bank boosted its stake in Microsoft by 0.4% in 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 in the last quarter. True Link Financial Advisors LLC grew its holdings 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 worth $1,274,000 after purchasing 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 worth $36,427,000 after purchasing an additional 12,994 shares in the last quarter. Finally, Spinnaker Investment Group LLC lifted its holdings in shares of Microsoft by 2.7% in the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after purchasing an additional 326 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Piper Sandler reaffirmed an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. TD Cowen increased their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Mizuho raised their price objective 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. Finally, UBS Group dropped their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $493.47.

Microsoft Stock Down 0.1 %

MSFT opened at $418.74 on Wednesday. The business’s fifty day simple moving average is $418.79 and its 200 day simple moving average is $424.65. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The firm has a market cap of $3.11 trillion, a P/E ratio of 36.25, a PEG ratio of 2.22 and a beta of 0.90. 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 (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.69 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 28.74%.

Microsoft declared that its board has approved a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity

In related news, 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 directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock valued at $77,916,485 over the last quarter. Company insiders own 0.03% of the company’s stock.

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.