Resonant Capital Advisors LLC Buys 1,479 Shares of Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Nov 1st, 2023

Resonant Capital Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 5.5% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,384 shares of the software giant’s stock after purchasing an additional 1,479 shares during the period. Microsoft makes up 1.1% of Resonant Capital Advisors LLC’s investment portfolio, making the stock its 27th largest holding. Resonant Capital Advisors LLC’s holdings in Microsoft were worth $9,666,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted 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 worth $147,714,197,000 after acquiring an additional 6,129,708 shares in the last quarter. State Street Corp boosted its position in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the last quarter. FMR LLC lifted its position in Microsoft by 0.8% during the first quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after purchasing an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake 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 valued at $50,302,677,000 after acquiring an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake 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 buying an additional 150,053,637 shares in the last quarter. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the business’s stock in a transaction on Friday, September 1st. The shares were 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 document filed with the SEC, which can be accessed through this hyperlink. In related news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred 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 in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 26,815 shares of the business’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 value of $8,778,426.55. Following the completion of the transaction, 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 own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on MSFT. Bank of America boosted their price objective on shares of Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research report on Wednesday, July 19th. Mizuho boosted their price target on Microsoft from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Monday, July 17th. Guggenheim raised shares of Microsoft from a “sell” rating to a “neutral” rating in a research report on Monday, September 25th. Rosenblatt Securities lifted their price target on shares of Microsoft from $370.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Finally, Sanford C. Bernstein boosted their price target on Microsoft from $398.00 to $400.00 and gave the company an “outperform” rating in a research note on Wednesday, September 20th. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $384.34.

Read Our Latest Stock Analysis on MSFT

Microsoft Trading Up 0.2 %

Shares of NASDAQ MSFT opened at $338.11 on Wednesday. The company has a market cap of $2.51 trillion, a price-to-earnings ratio of 32.73, a price-to-earnings-growth ratio of 2.20 and a beta of 0.91. The stock’s 50 day simple moving average is $326.98 and its 200 day simple moving average is $325.31. The company has a current ratio of 1.66, a quick ratio of 1.64 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $366.78.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings results on Tuesday, October 24th. The software giant reported $2.99 earnings per share 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 company had revenue of $56.52 billion for the quarter, compared to analysts’ expectations of $54.52 billion. During the same quarter in the previous year, the company posted $2.35 earnings per share. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 11.11 EPS for the current year.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.89%. The ex-dividend date is Wednesday, November 15th. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. Microsoft’s dividend payout ratio is currently 26.33%.

Microsoft 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.