Silver Lake Advisory LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 12,450 shares of the software giant’s stock after selling 67 shares during the quarter. Microsoft comprises approximately 2.3% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 13th biggest position. Silver Lake Advisory LLC’s holdings in Microsoft were worth $4,240,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of the business. DGS Capital Management LLC raised its holdings in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its holdings in shares of Microsoft by 20.8% in the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares in the last quarter. Altus Wealth Group LLC grew its holdings in shares of Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares in the last quarter. Powell Investment Advisors LLC grew its holdings in shares of Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares in the last quarter. Finally, Onyx Bridge Wealth Group LLC grew its holdings in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after purchasing an additional 512 shares in the last quarter. 69.20% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction dated 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 transaction, the chief executive officer now owns 800,668 shares in the company, valued at approximately $262,963,391.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the company’s stock in a transaction that occurred 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 owns 588,084 shares in the company, valued at approximately $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 in the last three months. 0.03% of the stock is currently owned by company insiders.
Microsoft Stock Up 0.4 %
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share for the quarter, beating the consensus estimate of $2.65 by $0.34. The business had revenue of $56.52 billion for the quarter, compared to the consensus estimate of $54.52 billion. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business’s quarterly revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.35 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be issued a $0.75 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a dividend yield of 0.91%. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on MSFT. Stifel Nicolaus lifted their target price on Microsoft from $320.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Raymond James boosted their price objective on Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research report on Monday, July 24th. Rosenblatt Securities raised their target price on shares of Microsoft from $360.00 to $370.00 and gave the company a “buy” rating in a report on Monday, October 16th. HSBC assumed coverage on shares of Microsoft in a report on Friday, September 15th. They set a “hold” rating and a $347.00 price target for the company. Finally, Wells Fargo & Company reiterated an “overweight” rating and set a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Five research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $378.11.
Read Our Latest Research Report on MSFT
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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