Greenlea Lane Capital Management LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT – Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm purchased 90,870 shares of the software giant’s stock, valued at approximately $26,198,000. Microsoft makes up approximately 10.5% of Greenlea Lane Capital Management LLC’s holdings, making the stock its 4th biggest holding.
Other hedge funds also recently bought and sold shares of the company. DGS Capital Management LLC increased its holdings in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd increased its holdings in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its position in Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares during the period. Powell Investment Advisors LLC boosted its position in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC boosted its position in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT stock opened at $334.27 on Monday. Microsoft Co. has a one year low of $213.43 and a one year high of $366.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The company has a 50 day moving average price of $332.46 and a 200 day moving average price of $310.98. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 34.50, a price-to-earnings-growth ratio of 2.43 and a beta of 0.90.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date is Wednesday, August 16th. Microsoft’s payout ratio is 28.07%.
Insider Activity at Microsoft
In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The disclosure for this sale can be found here. In the last three months, insiders sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on MSFT shares. Wedbush lifted their price objective on shares of Microsoft from $375.00 to $400.00 in a research report on Wednesday, July 26th. Tigress Financial boosted their price target on shares of Microsoft from $411.00 to $433.00 and gave the company a “buy” rating in a research report on Wednesday, August 2nd. Barclays lifted their price objective on shares of Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, July 19th. JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $350.00 to $385.00 in a research note on Wednesday, July 19th. Finally, Redburn Partners dropped their price target on shares of Microsoft from $450.00 to $440.00 and set a “buy” rating on the stock in a research note on Friday, August 11th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $373.68.
Check Out Our Latest Report on Microsoft
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.
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