Apeiron RIA LLC Sells 144 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 19th, 2023

Apeiron RIA LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,718 shares of the software giant’s stock after selling 144 shares during the period. Microsoft accounts for approximately 1.0% of Apeiron RIA LLC’s portfolio, making the stock its 24th biggest holding. Apeiron RIA LLC’s holdings in Microsoft were worth $2,969,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. AJ Wealth Strategies LLC grew its holdings in Microsoft by 3.5% during the second quarter. AJ Wealth Strategies LLC now owns 39,713 shares of the software giant’s stock valued at $13,524,000 after purchasing an additional 1,348 shares during the last quarter. Veracity Capital LLC grew its holdings in Microsoft by 7.3% during the second quarter. Veracity Capital LLC now owns 14,073 shares of the software giant’s stock valued at $4,792,000 after purchasing an additional 959 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in Microsoft by 1.4% during the second quarter. Global Retirement Partners LLC now owns 106,263 shares of the software giant’s stock valued at $36,187,000 after acquiring an additional 1,496 shares during the period. Spinnaker Investment Group LLC boosted its holdings in Microsoft by 1.6% during the second quarter. Spinnaker Investment Group LLC now owns 12,144 shares of the software giant’s stock valued at $4,135,000 after acquiring an additional 193 shares during the period. Finally, Clarity Financial LLC boosted its holdings in Microsoft by 1,337.9% during the second quarter. Clarity Financial LLC now owns 40,435 shares of the software giant’s stock valued at $13,770,000 after acquiring an additional 37,623 shares during the period. 69.20% of the stock is currently owned by institutional investors.

Microsoft Stock Down 0.6 %

NASDAQ:MSFT opened at $330.11 on Thursday. The stock’s fifty day moving average price is $325.22 and its two-hundred day moving average price is $322.57. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The company has a market cap of $2.45 trillion, a price-to-earnings ratio of 34.07, a P/E/G ratio of 2.45 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the prior year, the business earned $2.23 EPS. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. On average, analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be issued a dividend of $0.75 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.91%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s payout ratio is currently 28.07%.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of the business’s 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 completion of the sale, the executive vice president now directly owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction 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 owns 198,373 shares of the company’s stock, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $12,557,192.62. Following the transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $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 valued at $38,195,619. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Wells Fargo & Company restated an “overweight” rating and set a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Fundamental Research set a $298.10 price target on Microsoft and gave the stock a “hold” rating in a report on Wednesday, August 9th. Citigroup reiterated a “buy” rating and set a $420.00 price target on shares of Microsoft in a report on Friday, September 22nd. Guggenheim upgraded Microsoft from a “sell” rating to a “neutral” rating in a report on Monday, September 25th. Finally, Wedbush restated an “outperform” rating and set a $400.00 price objective on shares of Microsoft in a report on Thursday, September 21st. Five research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $377.85.

Get Our Latest Analysis on Microsoft

Microsoft Company 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.