OLIO Financial Planning Acquires 71 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 1st, 2023

OLIO Financial Planning boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,131 shares of the software giant’s stock after acquiring an additional 71 shares during the quarter. OLIO Financial Planning’s holdings in Microsoft were worth $385,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Affinity Capital Advisors LLC raised its position in shares of Microsoft by 1.0% in the second quarter. Affinity Capital Advisors LLC now owns 9,603 shares of the software giant’s stock valued at $3,270,000 after purchasing an additional 99 shares during the period. Soundmark Wealth Management LLC raised its position in shares of Microsoft by 1.9% in the second quarter. Soundmark Wealth Management LLC now owns 35,099 shares of the software giant’s stock valued at $11,953,000 after purchasing an additional 653 shares during the period. Xponance Inc. raised its position in shares of Microsoft by 1.1% in the second quarter. Xponance Inc. now owns 1,725,307 shares of the software giant’s stock valued at $587,536,000 after purchasing an additional 19,481 shares during the period. First Trust Direct Indexing L.P. raised its position in shares of Microsoft by 1.1% in the second quarter. First Trust Direct Indexing L.P. now owns 133,642 shares of the software giant’s stock valued at $45,511,000 after purchasing an additional 1,418 shares during the period. Finally, Bender Robert & Associates raised its position in shares of Microsoft by 3.3% in the second quarter. Bender Robert & Associates now owns 19,935 shares of the software giant’s stock valued at $6,789,000 after purchasing an additional 642 shares during the period. Institutional investors own 69.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. 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 report on Friday, August 11th. Piper Sandler reissued an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a research report on Wednesday, July 26th. The Goldman Sachs Group raised their price objective on shares of Microsoft from $350.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, July 21st. Wells Fargo & Company raised their price objective on shares of Microsoft from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. Finally, HSBC started coverage on shares of Microsoft in a research note on Friday, September 15th. They issued a “hold” rating and a $347.00 price objective on the stock. Five investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $375.03.

Get Our Latest Stock Report on MSFT

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction dated 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The disclosure for this sale can be found here. Insiders sold 115,049 shares of company stock valued at $38,195,619 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Microsoft stock opened at $315.75 on Friday. The stock has a 50-day simple moving average of $327.03 and a 200 day simple moving average of $318.08. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The stock has a market capitalization of $2.35 trillion, a price-to-earnings ratio of 32.59, a P/E/G ratio of 2.31 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (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 business had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same period in the previous year, the business posted $2.23 earnings per share. The firm’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, research analysts anticipate 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. Investors of record on Thursday, November 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.95%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is currently 30.96%.

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.