Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Wynn Capital LLC

Wynn Capital LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,118 shares of the software giant’s stock after buying an additional 32 shares during the quarter. Microsoft makes up about 3.4% of Wynn Capital LLC’s holdings, making the stock its 4th largest holding. Wynn Capital LLC’s holdings in Microsoft were worth $5,214,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp boosted its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in Microsoft by 62.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock worth $47,612,000 after acquiring an additional 43,327 shares during the last quarter. Quent Capital LLC boosted its position in Microsoft by 4.3% during the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock worth $15,099,000 after acquiring an additional 1,467 shares during the last quarter. Paulson Wealth Management Inc. boosted its holdings in shares of Microsoft by 0.6% in the 1st quarter. Paulson Wealth Management Inc. now owns 6,469 shares of the software giant’s stock valued at $2,722,000 after buying an additional 37 shares during the last quarter. Finally, Ogorek Anthony Joseph NY ADV boosted its holdings in shares of Microsoft by 42.0% in the 1st quarter. Ogorek Anthony Joseph NY ADV now owns 4,852 shares of the software giant’s stock valued at $2,041,000 after buying an additional 1,434 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent analyst reports. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. cut their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. TD Cowen cut their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. BMO Capital Markets cut their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Down 1.2 %

MSFT stock opened at $422.99 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 34.90, a PEG ratio of 2.22 and a beta of 0.91. The business’s fifty day moving average price is $421.07 and its two-hundred day moving average price is $426.39. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 EPS. On average, equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is 27.39%.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

Insider Transactions at Microsoft

In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was 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 directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 7.11 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 209,431 shares of company stock valued at $85,796,688. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.