Microsoft Co. (NASDAQ:MSFT) Shares Sold by TTP Investments Inc.

Posted by Defense World Staff on Nov 1st, 2023

TTP Investments Inc. lowered its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 8,806 shares of the software giant’s stock after selling 91 shares during the quarter. Microsoft accounts for about 2.0% of TTP Investments Inc.’s investment portfolio, making the stock its 9th largest position. TTP Investments Inc.’s holdings in Microsoft were worth $2,999,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSFT. Sightline Wealth Advisors LLC boosted its position in shares of Microsoft by 0.9% during the second quarter. Sightline Wealth Advisors LLC now owns 3,337 shares of the software giant’s stock worth $962,000 after purchasing an additional 29 shares in the last quarter. Stevens Capital Partners raised its stake in Microsoft by 2.0% during the 2nd quarter. Stevens Capital Partners now owns 1,516 shares of the software giant’s stock worth $516,000 after buying an additional 29 shares during the period. Eagle Bluffs Wealth Management LLC lifted its holdings in Microsoft by 0.3% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 10,577 shares of the software giant’s stock worth $3,602,000 after acquiring an additional 31 shares in the last quarter. Strategic Investment Solutions Inc. IL grew its stake in Microsoft by 0.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock valued at $1,213,000 after acquiring an additional 32 shares during the period. Finally, Arbor Capital Management Inc. ADV raised its position in shares of Microsoft by 0.5% during the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after purchasing an additional 33 shares during the period. 69.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. DA Davidson reiterated a “buy” rating and issued a $415.00 price target on shares of Microsoft in a report on Monday, October 16th. Barclays lowered their target price on Microsoft from $425.00 to $421.00 and set an “overweight” rating for the company in a report on Wednesday, October 25th. Wells Fargo & Company restated an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a report on Monday, October 2nd. Stifel Nicolaus lifted their target price on Microsoft from $320.00 to $380.00 and gave the company a “buy” rating in a research report on Thursday, July 20th. Finally, Argus upped their price target on Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 31st. Four research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $384.34.

Check Out Our Latest Research Report on Microsoft

Insiders Place Their Bets

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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the company’s 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 transaction, the executive vice president now owns 198,373 shares of the company’s stock, valued at $64,941,369.01. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $338.11 on Wednesday. The stock has a market capitalization of $2.51 trillion, a PE ratio of 32.73, a P/E/G ratio of 2.20 and a beta of 0.91. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.66 and a quick ratio of 1.64. The business has a fifty day moving average price of $326.98 and a two-hundred day moving average price of $325.31.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, beating analysts’ consensus estimates of $2.65 by $0.34. Microsoft had a return on equity of 38.79% and a net margin of 35.31%. The business had revenue of $56.52 billion during the quarter, compared to the consensus estimate of $54.52 billion. During the same quarter in the previous year, the firm earned $2.35 earnings per share. Microsoft’s revenue for the quarter was up 12.8% compared to the same quarter last year. As a group, equities analysts predict that Microsoft Co. will post 11.11 earnings per share for the current fiscal 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 given a dividend of $0.75 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.68. This represents a $3.00 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, November 15th. Microsoft’s payout ratio is currently 26.33%.

About Microsoft

(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.