4,266 Shares in Microsoft Co. (NASDAQ:MSFT) Acquired by Michael S. Ryan Inc.

Posted by Defense World Staff on Nov 2nd, 2023

Michael S. Ryan Inc. bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 4,266 shares of the software giant’s stock, valued at approximately $1,442,000. Microsoft comprises approximately 1.3% of Michael S. Ryan Inc.’s portfolio, making the stock its 16th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter valued at $28,000. Syverson Strege & Co boosted its stake in Microsoft by 157.0% in the 1st quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after purchasing an additional 124 shares during the period. MayTech Global Investments LLC acquired a new position in Microsoft in the 4th quarter worth $83,000. Beutel Goodman & Co Ltd. boosted its stake in Microsoft by 57.5% in the 3rd quarter. Beutel Goodman & Co Ltd. now owns 411 shares of the software giant’s stock worth $95,000 after purchasing an additional 150 shares during the period. Finally, Alapocas Investment Partners Inc. acquired a new position in Microsoft in the 1st quarter worth $97,000. Institutional investors own 69.20% of the company’s stock.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 38,234 shares of the stock in a transaction that occurred 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 sale, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Kathleen T. Hogan sold 26,815 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $12,557,192.62. Following the completion of the sale, 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. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 2.4 %

Shares of MSFT opened at $346.07 on Thursday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $366.78. The firm’s 50 day moving average is $327.30 and its 200-day moving average is $325.67. The stock has a market capitalization of $2.57 trillion, a PE ratio of 33.50, a P/E/G ratio of 2.25 and a beta of 0.91. 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 (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, October 24th. The software giant reported $2.99 EPS for the quarter, topping the consensus estimate of $2.65 by $0.34. Microsoft had a net margin of 35.31% and a return on equity of 38.79%. The company had revenue of $56.52 billion for the quarter, compared to analysts’ expectations of $54.52 billion. During the same period last year, the firm earned $2.35 earnings per share. The business’s revenue for the quarter was up 12.8% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 11.11 EPS for the current year.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Investors of record on Thursday, November 16th will be given a dividend of $0.75 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is currently 26.33%.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. Raymond James upped their target price on shares of Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. UBS Group upgraded shares of Microsoft from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $345.00 to $400.00 in a research note on Friday, July 14th. KeyCorp increased their price objective on shares of Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Sanford C. Bernstein increased their price objective on shares of Microsoft from $398.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 20th. Finally, BMO Capital Markets increased their price objective on shares of Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $384.34.

Get Our Latest Stock Analysis on MSFT

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.