MRA Advisory Group lowered its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,506 shares of the software giant’s stock after selling 304 shares during the period. Microsoft comprises about 2.0% of MRA Advisory Group’s holdings, making the stock its 21st largest position. MRA Advisory Group’s holdings in Microsoft were worth $2,897,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Monumental Financial Group Inc. acquired a new position in Microsoft in the 1st quarter valued at about $28,000. Gleason Group Inc. increased its position in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after purchasing an additional 105 shares during the period. Syverson Strege & Co increased its position in Microsoft by 157.0% during the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after purchasing an additional 124 shares during the period. MayTech Global Investments LLC acquired a new position in Microsoft during the 4th quarter worth approximately $83,000. Finally, Beutel Goodman & Co Ltd. increased its position in Microsoft by 57.5% during the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.
Insider Activity at Microsoft
In related news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on 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 sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $12,557,192.62. Following the completion of the sale, 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 three months, insiders sold 115,049 shares of company stock worth $38,195,619. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on MSFT
Microsoft Trading Up 2.5 %
MSFT stock opened at $327.26 on Friday. The company has a market cap of $2.43 trillion, a price-to-earnings ratio of 33.77, a PEG ratio of 2.35 and a beta of 0.91. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20. The business has a fifty day simple moving average of $324.99 and a 200-day simple moving average of $319.71. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping 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 the consensus estimate of $55.49 billion. During the same period in the prior year, the firm posted $2.23 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. On average, equities research analysts expect that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The business 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 is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s dividend payout ratio is currently 28.07%.
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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