Oppenheimer & Co. Inc. reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 706,809 shares of the software giant's stock after selling 11,317 shares during the quarter. Microsoft comprises 4.6% of Oppenheimer & Co. Inc.'s portfolio, making the stock its biggest position. Oppenheimer & Co. Inc.'s holdings in Microsoft were worth $304,140,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Colonial River Wealth Management LLC raised its holdings in shares of Microsoft by 1.8% in the second quarter. Colonial River Wealth Management LLC now owns 22,227 shares of the software giant's stock valued at $9,934,000 after purchasing an additional 392 shares during the last quarter. Metropolis Capital Ltd lifted its position in shares of Microsoft by 34.2% in the second quarter. Metropolis Capital Ltd now owns 234,525 shares of the software giant's stock worth $104,821,000 after purchasing an additional 59,709 shares in the last quarter. Finally, Eagle Bluffs Wealth Management LLC boosted its holdings in Microsoft by 0.4% during the second quarter. Eagle Bluffs Wealth Management LLC now owns 9,042 shares of the software giant's stock worth $4,041,000 after purchasing an additional 34 shares during the last quarter. 71.13% of the stock is owned by institutional investors.
Insider Activity at Microsoft
In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company's stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last three months. Company insiders own 0.03% of the company's stock.
Microsoft Trading Up 1.0 %
Microsoft stock traded up $4.45 during trading hours on Friday, hitting $429.03. The stock had a trading volume of 26,146,013 shares, compared to its average volume of 17,227,436. The business's 50 day simple moving average is $429.32 and its 200-day simple moving average is $426.37. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The stock has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the business earned $2.99 EPS. The firm's quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts predict that Microsoft Co. will post 12.92 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft's dividend payout ratio is 27.39%.
Analyst Upgrades and Downgrades
MSFT has been the topic of several analyst reports. UBS Group boosted their price target on shares of Microsoft from $500.00 to $525.00 and gave the stock a "buy" rating in a research report on Wednesday, December 18th. Citigroup decreased their target price 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. BMO Capital Markets lowered their price target on Microsoft from $500.00 to $495.00 and set an "outperform" rating on the stock in a research report on Thursday, October 31st. Oppenheimer cut Microsoft from an "outperform" rating to a "market perform" rating in a research report on Tuesday, October 8th. Finally, Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $512.93.
Check Out Our Latest Analysis on Microsoft
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.
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