Interval Partners LP Buys 8,641 Shares of Microsoft Co. (NASDAQ:MSFT)

Interval Partners LP increased its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 14,401.7% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 8,701 shares of the software giant's stock after purchasing an additional 8,641 shares during the period. Interval Partners LP's holdings in Microsoft were worth $3,889,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant's stock worth $31,000 after acquiring an additional 44 shares during the period. Innealta Capital LLC acquired a new stake in shares of Microsoft in the 2nd quarter valued at $75,000. Bellevue Group AG increased its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC raised its holdings in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant's stock worth $169,000 after buying an additional 268 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 2nd quarter worth $200,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the firm's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company's stock, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of the company's stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $2.89 during midday trading on Friday, reaching $422.54. The company's stock had a trading volume of 16,891,414 shares, compared to its average volume of 20,265,076. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 34.86, a PEG ratio of 2.23 and a beta of 0.91. The firm has a 50 day moving average price of $421.09 and a 200-day moving average price of $425.07. Microsoft Co. has a 12-month low of $360.36 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analysts' expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business's revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. As a group, equities analysts predict that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft announced that its board has authorized a share buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. This is a positive change from Microsoft's previous quarterly dividend of $0.75. Microsoft's dividend payout ratio (DPR) is presently 24.75%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Piper Sandler reiterated an "overweight" rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. UBS Group lowered their price target on shares of Microsoft from $510.00 to $500.00 and set a "buy" rating for the company in a report on Thursday, October 31st. Morgan Stanley raised their price objective on Microsoft from $506.00 to $548.00 and gave the company an "overweight" rating in a report on Thursday, October 31st. DA Davidson cut Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. Finally, Mizuho lifted their price target on Microsoft from $450.00 to $480.00 and gave the company an "outperform" rating in a research note on Tuesday, July 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $503.03.

Microsoft 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.