Microsoft Co. (NASDAQ:MSFT) Shares Purchased by McAdam LLC

McAdam LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,946 shares of the software giant's stock after buying an additional 1,229 shares during the period. McAdam LLC's holdings in Microsoft were worth $6,680,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Rebalance LLC grew its stake in Microsoft by 0.7% during the second quarter. Rebalance LLC now owns 3,451 shares of the software giant's stock valued at $1,542,000 after acquiring an additional 24 shares in the last quarter. Innova Wealth Partners boosted its holdings in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant's stock valued at $1,594,000 after purchasing an additional 25 shares during the last quarter. Arkansas Financial Group Inc. increased its holdings in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant's stock worth $646,000 after purchasing an additional 25 shares during the last quarter. Partnership Wealth Management LLC lifted its position in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant's stock worth $2,609,000 after buying an additional 25 shares in the last quarter. Finally, Doheny Asset Management CA boosted its stake in Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant's stock valued at $2,691,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Down 0.8 %

Shares of Microsoft stock opened at $428.02 on Friday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The firm's 50 day moving average price is $419.51 and its 200-day moving average price is $424.93. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.18 trillion, a P/E ratio of 37.06, a PEG ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business's quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft declared that its board has initiated a share repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to purchase 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 firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft's previous quarterly dividend of $0.75. Microsoft's dividend payout ratio (DPR) is currently 25.97%.

Insider Transactions at Microsoft

In related news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business's stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm's stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company's stock, valued at $203,784,292.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on MSFT shares. Tigress Financial lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, June 13th. Mizuho increased their price objective on shares of Microsoft from $450.00 to $480.00 and gave the company an "outperform" rating in a research report on Tuesday, July 16th. Wells Fargo & Company lifted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 31st. Royal Bank of Canada restated an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Wedbush reiterated an "outperform" rating and issued a $550.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $493.94.

Microsoft Company 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.