Eudaimonia Partners LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,278 shares of the software giant’s stock after selling 595 shares during the period. Microsoft comprises about 3.4% of Eudaimonia Partners LLC’s holdings, making the stock its 3rd largest position. Eudaimonia Partners LLC’s holdings in Microsoft were worth $15,078,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. boosted its position in shares of Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares during the last quarter. State Street Corp boosted its position in Microsoft by 0.7% in the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after purchasing an additional 1,951,554 shares during the last quarter. FMR LLC boosted its position in Microsoft by 0.8% in the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock worth $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its position in Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after purchasing an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its position in Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after purchasing an additional 150,053,637 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.
Insider Transactions at Microsoft
In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was 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 directly owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the sale, the executive vice president now directly owns 198,373 shares in the company, valued at $64,941,369.01. The disclosure for this sale can be found here. Insiders have sold a total of 115,049 shares of company stock worth $38,195,619 in the last ninety days. Insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
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, topping analysts’ consensus estimates of $2.55 by $0.14. The firm had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The company’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period last year, the business posted $2.23 EPS. 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 declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid 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 0.92%. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is 28.07%.
Wall Street Analyst Weigh In
Several brokerages have issued reports on MSFT. Rosenblatt Securities boosted their target price on Microsoft from $310.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, July 27th. HSBC started coverage on Microsoft in a research note on Friday, September 15th. They set a “hold” rating and a $347.00 price objective on the stock. Bank of America upped their target price on Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a research note on Wednesday, July 19th. BMO Capital Markets upped their target price on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Finally, Fundamental Research set a $298.10 target price on Microsoft and gave the stock a “hold” rating in a research note on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and thirty-four have given a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $376.34.
Read Our Latest Stock Report on Microsoft
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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