Ithaka Group LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 89,651 shares of the software giant's stock after selling 2,192 shares during the quarter. Microsoft accounts for approximately 7.3% of Ithaka Group LLC's portfolio, making the stock its 4th largest holding. Ithaka Group LLC's holdings in Microsoft were worth $38,577,000 as of its most recent SEC filing.
Several other institutional investors also recently added to or reduced their stakes in MSFT. First National Bank Sioux Falls increased its stake in Microsoft by 0.4% in the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant's stock worth $2,834,000 after buying an additional 24 shares during the period. BCK Partners Inc. grew its stake in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant's stock worth $582,000 after acquiring an additional 24 shares in the last quarter. Massachusetts Wealth Management increased its position in shares of Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant's stock worth $4,309,000 after acquiring an additional 25 shares during the period. Deseret Mutual Benefit Administrators raised its stake in shares of Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant's stock valued at $1,455,000 after acquiring an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC boosted its holdings in shares of Microsoft by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant's stock valued at $3,108,000 after purchasing an additional 25 shares during the period. Institutional investors own 71.13% of the company's stock.
Insider Buying and Selling at Microsoft
In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the business's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company's stock, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.
Microsoft Stock Performance
NASDAQ:MSFT traded down $27.50 during midday trading on Thursday, hitting $414.83. The company's stock had a trading volume of 47,641,351 shares, compared to its average volume of 21,904,332. The firm's 50 day moving average is $432.55 and its 200-day moving average is $424.95. The firm has a market cap of $3.08 trillion, a P/E ratio of 34.23, a P/E/G ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period last year, the business earned $2.93 EPS. Equities analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio is currently 27.39%.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a research report on Friday, October 25th. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Loop Capital raised their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a research report on Monday, December 23rd. Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a "buy" rating in a report on Wednesday, December 18th. Finally, Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $510.24.
Check Out Our Latest Research Report on Microsoft
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.
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