Microsoft Co. (NASDAQ:MSFT) Shares Sold by Kooman & Associates

Kooman & Associates cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,232 shares of the software giant’s stock after selling 220 shares during the quarter. Microsoft accounts for 0.5% of Kooman & Associates’ portfolio, making the stock its 16th largest position. Kooman & Associates’ holdings in Microsoft were worth $1,391,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. International Assets Investment Management LLC raised its holdings in shares of Microsoft by 48,526.1% in the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. increased its holdings in shares of Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after buying an additional 4,824,436 shares in the last quarter. Assenagon Asset Management S.A. lifted its position in shares of Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after acquiring an additional 2,404,348 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Microsoft by 31,648.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after acquiring an additional 1,865,996 shares in the last quarter. Finally, PineStone Asset Management Inc. grew its holdings in shares of Microsoft by 128.4% in the 2nd quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock worth $1,412,656,000 after acquiring an additional 1,776,825 shares during the last quarter. 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 stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 0.9 %

Shares of MSFT stock opened at $439.33 on Wednesday. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35. The company has a market cap of $3.27 trillion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $427.34 and its two-hundred day moving average is $428.58.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same period last year, the business posted $2.99 EPS. Equities analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s leadership believes its stock is undervalued.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s payout ratio is 27.39%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on MSFT shares. Mizuho upped their target price on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Loop Capital upped their price objective on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Citigroup reduced their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Finally, Piper Sandler reiterated an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Company 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.