Waypoint Capital Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,716 shares of the software giant’s stock after buying an additional 243 shares during the quarter. Waypoint Capital Advisors LLC’s holdings in Microsoft were worth $3,309,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently made changes to their positions in the company. DGS Capital Management LLC boosted its holdings in Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares in the last quarter. IFM Investors Pty Ltd boosted its holdings in Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares in the last quarter. Altus Wealth Group LLC boosted its holdings in Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after acquiring an additional 152 shares in the last quarter. Powell Investment Advisors LLC boosted its holdings in shares of Microsoft by 16.2% during 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 in the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its holdings in shares of Microsoft by 8.2% during 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 in the last quarter. 69.20% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling
In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, 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 related news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 115,049 shares of company stock valued at $38,195,619. 0.03% of the stock is owned by corporate insiders.
Microsoft Price Performance
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. The company had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.23 EPS. Equities research analysts anticipate that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.95%. 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. Microsoft’s dividend payout ratio is currently 28.07%.
Analyst Ratings Changes
A number of analysts have recently commented on MSFT shares. Barclays boosted their target price on shares of Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. UBS Group upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and boosted their target price for the company from $345.00 to $400.00 in a report on Friday, July 14th. Mizuho boosted their target price on shares of Microsoft from $360.00 to $390.00 and gave the company a “buy” rating in a report on Monday, July 17th. Wedbush restated an “outperform” rating and set a $400.00 target price on shares of Microsoft in a report on Thursday, September 21st. Finally, Raymond James upped their price target on shares of Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $375.03.
View Our Latest Research Report on MSFT
About Microsoft
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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