Pennsylvania Capital Management Inc. ADV increased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 105,879 shares of the software giant’s stock after purchasing an additional 190 shares during the quarter. Microsoft accounts for 15.5% of Pennsylvania Capital Management Inc. ADV’s investment portfolio, making the stock its 2nd biggest position. Pennsylvania Capital Management Inc. ADV’s holdings in Microsoft were worth $36,056,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft in the 1st quarter worth $28,000. Gleason Group Inc. grew its holdings in Microsoft by 111.7% in the 1st quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after acquiring an additional 105 shares during the last quarter. Syverson Strege & Co grew 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 acquiring an additional 124 shares during the last quarter. MayTech Global Investments LLC bought a new stake in Microsoft in the 4th quarter worth $83,000. Finally, Beutel Goodman & Co Ltd. grew its holdings in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Insider Activity
In other news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the company’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 completion of the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares of the company’s stock, valued at $198,301,924.80. 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 three months. Insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on MSFT
Microsoft Stock Down 0.4 %
MSFT opened at $328.39 on Wednesday. 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 firm has a 50 day moving average price of $324.71 and a 200-day moving average price of $320.75. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78. The stock has a market capitalization of $2.44 trillion, a price-to-earnings 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 quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm 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 company earned $2.23 earnings per share. The firm’s quarterly revenue was up 8.3% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s payout ratio is presently 30.96%.
Microsoft 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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