Headlands Technologies LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,780 shares of the software giant’s stock, valued at approximately $513,000.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Legacy Advisors LLC boosted its position in shares of Microsoft by 6.6% during the first quarter. Legacy Advisors LLC now owns 36,887 shares of the software giant’s stock worth $10,634,000 after buying an additional 2,288 shares during the period. LCM Capital Management Inc raised its holdings in Microsoft by 3.5% during the first quarter. LCM Capital Management Inc now owns 19,238 shares of the software giant’s stock worth $5,546,000 after acquiring an additional 655 shares in the last quarter. Fiduciary Planning LLC raised its holdings in Microsoft by 3.8% during the first quarter. Fiduciary Planning LLC now owns 5,899 shares of the software giant’s stock worth $1,701,000 after acquiring an additional 217 shares in the last quarter. Truadvice LLC raised its holdings in Microsoft by 38.9% during the first quarter. Truadvice LLC now owns 10,138 shares of the software giant’s stock worth $3,115,000 after acquiring an additional 2,838 shares in the last quarter. Finally, Fernwood Investment Management LLC raised its holdings in Microsoft by 66.1% during the first quarter. Fernwood Investment Management LLC now owns 12,858 shares of the software giant’s stock worth $3,707,000 after acquiring an additional 5,118 shares in the last quarter. 72.20% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Down 0.6 %
Shares of NASDAQ:MSFT opened at $321.01 on Monday. The firm has a market cap of $2.39 trillion, a P/E ratio of 33.13, a P/E/G ratio of 2.38 and a beta of 0.90. 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 Co. has a 12-month low of $213.43 and a 12-month high of $366.78. The business has a fifty day simple moving average of $336.29 and a 200 day simple moving average of $301.58.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. The business had revenue of $56.19 billion during the quarter, compared to analyst estimates of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. Microsoft’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same period last year, the company earned $2.23 EPS. Analysts predict that Microsoft Co. will post 10.9 earnings per share for the current year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be given a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is presently 28.07%.
Wall Street Analyst Weigh In
MSFT has been the topic of several analyst reports. Oppenheimer reiterated an “outperform” rating and set a $410.00 target price on shares of Microsoft in a report on Friday, July 28th. Piper Sandler reiterated an “overweight” rating and set a $400.00 target price on shares of Microsoft in a report on Wednesday, July 26th. KeyCorp upped their price objective on Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. Bank of America upped their price objective on Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Citigroup dropped their price objective on Microsoft from $425.00 to $420.00 in a research note on Wednesday, July 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $373.68.
Get Our Latest Analysis on Microsoft
Insider Transactions at Microsoft
In other news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction dated 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 transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction dated 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 transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Teri List sold 1,250 shares of Microsoft stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the completion of the transaction, the director now directly owns 874 shares of the company’s stock, valued at $292,588.98. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,331 shares of company stock valued at $20,450,828. Corporate insiders own 0.03% of the company’s stock.
Microsoft Company Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
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