Eagle Bluffs Wealth Management LLC Purchases 34 Shares of Microsoft Co. (NASDAQ:MSFT)

Eagle Bluffs Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the second quarter, HoldingsChannel reports. The fund owned 9,042 shares of the software giant’s stock after buying an additional 34 shares during the quarter. Microsoft comprises 2.4% of Eagle Bluffs Wealth Management LLC’s holdings, making the stock its 11th biggest position. Eagle Bluffs Wealth Management LLC’s holdings in Microsoft were worth $4,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Monument Capital Management grew its position in shares of Microsoft by 2.6% in the fourth quarter. Monument Capital Management now owns 31,264 shares of the software giant’s stock valued at $11,756,000 after purchasing an additional 806 shares in the last quarter. Townsend Asset Management Corp NC ADV boosted its stake in Microsoft by 0.7% in the 4th quarter. Townsend Asset Management Corp NC ADV now owns 19,980 shares of the software giant’s stock worth $7,513,000 after purchasing an additional 134 shares during the period. RWA Wealth Partners LLC boosted its stake in Microsoft by 143.5% in the 4th quarter. RWA Wealth Partners LLC now owns 384,058 shares of the software giant’s stock worth $144,421,000 after purchasing an additional 226,357 shares during the period. Garrison Asset Management LLC grew its holdings in Microsoft by 34.4% during the 4th quarter. Garrison Asset Management LLC now owns 3,711 shares of the software giant’s stock valued at $1,396,000 after buying an additional 950 shares in the last quarter. Finally, Gimbal Financial bought a new stake in shares of Microsoft during the fourth quarter valued at about $1,399,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Tigress Financial raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, June 13th. Piper Sandler reissued an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley reaffirmed an “overweight” rating and issued a $506.00 price target on shares of Microsoft in a report on Tuesday. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, BMO Capital Markets boosted their target price on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Trading Down 0.8 %

NASDAQ:MSFT opened at $435.27 on Friday. The firm has a market capitalization of $3.24 trillion, a P/E ratio of 37.69, a P/E/G ratio of 2.14 and a beta of 0.90. 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 fifty day moving average of $420.92 and a 200 day moving average of $424.03. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 earnings per share. On average, research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Microsoft declared that its Board of Directors has initiated a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by insiders.

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.