Enzi Wealth Purchases 145 Shares of Microsoft Co. (NASDAQ:MSFT)

Enzi Wealth boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 8.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,806 shares of the software giant’s stock after acquiring an additional 145 shares during the period. Microsoft accounts for about 0.4% of Enzi Wealth’s holdings, making the stock its 26th biggest position. Enzi Wealth’s holdings in Microsoft were worth $844,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Richardson Capital Management LLC raised its position in shares of Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares in the last quarter. Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter worth about $58,000. Bellevue Group AG boosted its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. Horizon Financial Services LLC purchased a new position in shares of Microsoft during the first quarter worth about $80,000. Finally, Cooksen Wealth LLC bought a new position in shares of Microsoft in the fourth quarter worth approximately $86,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the stock in a transaction that occurred 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 owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction that occurred on 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 directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The disclosure for this sale can be found here. In the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $435.27 on Friday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27. The firm has a market cap 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 business’s 50 day moving average price is $420.92 and its 200-day moving average price is $424.18. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35.

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

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

Microsoft Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. UBS Group cut their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Morgan Stanley reiterated an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a research report on Tuesday, September 17th. New Street Research began coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. BMO Capital Markets lifted their price target on Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday, July 12th. Finally, Oppenheimer upped their price objective on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Two research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $494.72.

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.