Carr Financial Group Corp raised its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,761 shares of the software giant’s stock after buying an additional 417 shares during the period. Microsoft makes up 1.5% of Carr Financial Group Corp’s portfolio, making the stock its 15th biggest position. Carr Financial Group Corp’s holdings in Microsoft were worth $3,665,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. DGS Capital Management LLC raised its holdings in Microsoft by 19.9% in the 1st 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 position 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 buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC grew its stake in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC increased its stake in Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC lifted its holdings in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. 69.20% of the stock is owned by institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on MSFT. UBS Group raised Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $345.00 to $400.00 in a report on Friday, July 14th. Bank of America lifted their price objective on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Citigroup reaffirmed a “buy” rating and issued a $420.00 target price on shares of Microsoft in a report on Friday, September 22nd. Oppenheimer reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Microsoft in a report on Friday, July 28th. Finally, Raymond James upped their target price on Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $376.34.
Microsoft Stock Down 2.6 %
Microsoft stock opened at $313.39 on Wednesday. The company has a current ratio of 1.77, a quick ratio of 1.75 and a debt-to-equity ratio of 0.20. The company has a fifty day simple moving average of $325.81 and a 200 day simple moving average of $319.01. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a market cap of $2.33 trillion, a P/E ratio of 32.34, a price-to-earnings-growth ratio of 2.33 and a beta of 0.91.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, beating the consensus estimate 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%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.23 earnings per share. Research analysts anticipate that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.
Microsoft Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a yield of 0.96%. Microsoft’s payout ratio is 28.07%.
Insiders Place Their Bets
In other news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction 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 in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the 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 sale, the executive vice president now owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. In the last quarter, insiders have sold 115,049 shares of company stock valued at $38,195,619. Insiders own 0.03% of the company’s stock.
Microsoft Company 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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