Baron Silver Stevens Financial Advisors LLC cut its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,635 shares of the software giant’s stock after selling 406 shares during the quarter. Microsoft accounts for 0.9% of Baron Silver Stevens Financial Advisors LLC’s holdings, making the stock its 23rd largest holding. Baron Silver Stevens Financial Advisors LLC’s holdings in Microsoft were worth $4,303,000 at the end of the most recent reporting period.
A number of other institutional investors have also modified their holdings of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft in the first quarter valued at $28,000. Gleason Group Inc. boosted its holdings in Microsoft by 111.7% in the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock valued at $57,000 after purchasing an additional 105 shares during the period. Syverson Strege & Co boosted its holdings in Microsoft by 157.0% in the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock valued at $58,000 after purchasing an additional 124 shares during the period. MayTech Global Investments LLC purchased a new position in Microsoft in the fourth quarter valued at $83,000. Finally, Beutel Goodman & Co Ltd. boosted its holdings in Microsoft by 57.5% in the third quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock valued at $95,000 after purchasing an additional 150 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Microsoft
In other news, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred 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 completion of the transaction, 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 SEC, which is accessible through this link. In other news, CEO Satya Nadella sold 38,234 shares of Microsoft stock in a transaction on 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 completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction dated 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 in the company, valued at $64,941,369.01. 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. Corporate insiders own 0.03% of the company’s stock.
Wall Street Analysts Forecast Growth
Read Our Latest Report on Microsoft
Microsoft Stock Up 3.1 %
MSFT opened at $340.67 on Thursday. The company has a market cap of $2.53 trillion, a PE ratio of 35.16, a P/E/G ratio of 2.35 and a beta of 0.91. The business has a 50 day moving average price of $326.19 and a two-hundred day moving average price of $324.09. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.65 by $0.34. The business had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 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 12.8% on a year-over-year basis. During the same period in the prior year, the business posted $2.35 EPS. As a group, research analysts anticipate that Microsoft Co. will post 10.9 EPS for the current year.
Microsoft Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.88%. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. Microsoft’s dividend payout ratio is 30.96%.
Microsoft Company 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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