Omega Financial Group LLC Has $923,000 Stake in Microsoft Co. (NASDAQ:MSFT)

Omega Financial Group LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 3.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 2,455 shares of the software giant’s stock after selling 100 shares during the period. Omega Financial Group LLC’s holdings in Microsoft were worth $923,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. High Pines Wealth Management LLC increased its holdings in shares of Microsoft by 1.3% in the 3rd quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after buying an additional 28 shares during the last quarter. Sonen Capital LLC increased its holdings in shares of Microsoft by 0.3% in the 3rd quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after buying an additional 28 shares during the last quarter. Perritt Capital Management Inc. increased its holdings in shares of Microsoft by 3.3% in the 3rd quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after buying an additional 30 shares during the last quarter. Noble Family Wealth LLC increased its holdings in shares of Microsoft by 1.3% in the 3rd quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after buying an additional 31 shares during the last quarter. Finally, O Connor Financial Group LLC boosted its stake in shares of Microsoft by 1.4% during the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after purchasing an additional 31 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms recently commented on MSFT. Wells Fargo & Company lifted their price target on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a research note on Thursday, January 18th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. China Renaissance began coverage on shares of Microsoft in a research note on Tuesday, December 5th. They set a “buy” rating and a $466.00 price target for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $423.34.

Get Our Latest Analysis on MSFT

Microsoft Trading Down 0.3 %

NASDAQ MSFT opened at $421.65 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.13 trillion, a PE ratio of 38.12, a price-to-earnings-growth ratio of 2.28 and a beta of 0.89. The company has a 50 day moving average price of $409.02 and a 200 day moving average price of $373.03. Microsoft Co. has a 52 week low of $272.05 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the business posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s payout ratio is 27.12%.

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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