Microsoft Co. (NASDAQ:MSFT) Shares Sold by SignalPoint Asset Management LLC

Posted by Defense World Staff on Sep 26th, 2023

SignalPoint Asset Management LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 19,777 shares of the software giant’s stock after selling 109 shares during the quarter. Microsoft comprises approximately 2.1% of SignalPoint Asset Management LLC’s holdings, making the stock its 6th largest holding. SignalPoint Asset Management LLC’s holdings in Microsoft were worth $6,735,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. State Street Corp boosted its position in shares of Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the period. FMR LLC grew its stake in shares of Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after buying an additional 1,537,712 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares during the period. Finally, Moneta Group Investment Advisors LLC boosted its holdings in Microsoft by 112,158.6% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, EVP Kathleen T. Hogan sold 26,815 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 115,049 shares of company stock valued at $38,195,619. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.2 %

Shares of MSFT stock opened at $317.54 on Tuesday. 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 stock has a market cap of $2.36 trillion, a PE ratio of 32.77, a price-to-earnings-growth ratio of 2.34 and a beta of 0.90. The business’s fifty day moving average is $330.05 and its 200-day moving average is $316.86. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating analysts’ consensus estimates of $2.55 by $0.14. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. Microsoft’s revenue was up 8.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.23 EPS. Equities analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a $0.75 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 annualized dividend and a yield of 0.94%. Microsoft’s payout ratio is 30.96%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Evercore ISI boosted their target price on shares of Microsoft from $337.00 to $400.00 in a research report on Friday, June 2nd. Bank of America boosted their price objective on shares of Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Mizuho raised their target price on Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Monday, July 17th. Barclays boosted their price target on Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. Finally, JPMorgan Chase & Co. restated an “overweight” rating and set a $385.00 price objective on shares of Microsoft in a research note on Friday. Five investment analysts have rated the stock with a hold rating and thirty-four have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $375.03.

Check Out Our Latest Stock Analysis on MSFT

Microsoft Company 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.