Eukles Asset Management Sells 95 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Aug 9th, 2023

Eukles Asset Management lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,204 shares of the software giant’s stock after selling 95 shares during the quarter. Microsoft accounts for 4.6% of Eukles Asset Management’s investment portfolio, making the stock its 2nd biggest position. Eukles Asset Management’s holdings in Microsoft were worth $8,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Monumental Financial Group Inc. acquired a new position in shares of Microsoft in the first quarter worth about $28,000. PayPay Securities Corp acquired a new position in shares of Microsoft in the fourth quarter worth about $54,000. Gleason Group Inc. lifted its stake in shares of Microsoft by 111.7% in the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares in the last quarter. VitalStone Financial LLC acquired a new position in shares of Microsoft in the fourth quarter worth about $79,000. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft in the fourth quarter worth about $83,000. Institutional investors and hedge funds own 72.20% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $326.05 on Wednesday. The company has a market capitalization of $2.42 trillion, a price-to-earnings ratio of 33.65, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The business has a 50 day moving average price of $337.00 and a two-hundred day moving average price of $299.28.

Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the prior year, the firm earned $2.23 EPS. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 10.85 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.

Insider Activity

In other news, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total transaction of $418,462.50. Following the completion of the sale, the director now owns 874 shares in the company, valued at approximately $292,588.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, Director Teri List sold 1,250 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total transaction of $418,462.50. Following the sale, the director now directly owns 874 shares of the company’s stock, valued at approximately $292,588.98. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 61,331 shares of company stock worth $20,450,828. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. TD Cowen boosted their price objective on Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a report on Wednesday, July 19th. Oppenheimer reissued an “outperform” rating and issued a $410.00 price objective on shares of Microsoft in a report on Friday, July 28th. Moffett Nathanson boosted their price objective on Microsoft from $263.00 to $306.00 and gave the company a “market perform” rating in a report on Wednesday, April 26th. BMO Capital Markets boosted their price objective on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Finally, Mizuho boosted their price objective on Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $370.76.

View Our Latest Stock Report on Microsoft

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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