Wealthcare Capital Management LLC Has $827,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 11th, 2023

Wealthcare Capital Management LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 8.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,428 shares of the software giant’s stock after purchasing an additional 181 shares during the quarter. Wealthcare Capital Management LLC’s holdings in Microsoft were worth $827,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the business. Monumental Financial Group Inc. bought a new position in Microsoft in the 1st quarter worth about $28,000. Gleason Group Inc. boosted its holdings in Microsoft by 111.7% during the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after acquiring an additional 105 shares during the period. Syverson Strege & Co lifted its holdings in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares during the period. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 39.0% in the 2nd quarter. Carolina Wealth Advisors LLC now owns 303 shares of the software giant’s stock valued at $103,000 after purchasing an additional 85 shares during the period. Finally, Alapocas Investment Partners Inc. bought a new position in Microsoft during the 1st quarter valued at approximately $97,000. 69.20% of the stock is currently owned by institutional investors.

Microsoft Stock Down 0.4 %

NASDAQ MSFT opened at $328.39 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The company’s 50 day simple moving average is $324.71 and its 200 day simple moving average is $320.75. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78. The company has a market capitalization of $2.44 trillion, a P/E ratio of 33.89, a PEG ratio of 2.41 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results 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 net margin of 34.15% and a return on equity of 38.70%. The business had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. During the same period in the previous year, the firm earned $2.23 EPS. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. Equities research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The firm 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 is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date is Wednesday, November 15th. Microsoft’s payout ratio is presently 30.96%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on MSFT shares. Fundamental Research set a $298.10 price target on Microsoft and gave the stock a “hold” rating in a research note on Wednesday, August 9th. The Goldman Sachs Group lifted their target price on Microsoft from $350.00 to $400.00 and gave the stock a “buy” rating in a report on Friday, July 21st. Barclays boosted their price objective on Microsoft from $336.00 to $425.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. Oppenheimer reissued an “outperform” rating and set a $410.00 price objective on shares of Microsoft in a research note on Friday, July 28th. Finally, Jefferies Financial Group reissued a “buy” rating and set a $400.00 price objective on shares of Microsoft in a research note on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $376.34.

Read Our Latest Research Report on MSFT

Insider Activity

In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the sale, the chief executive officer now owns 800,668 shares in the company, valued at $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were 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 in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock worth $38,195,619 over the last 90 days. 0.03% of the stock is owned by company insiders.

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.