Koss Olinger Consulting LLC Has $9.73 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Koss Olinger Consulting LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 493.0% in the first quarter, HoldingsChannel reports. The fund owned 23,122 shares of the software giant’s stock after buying an additional 19,223 shares during the period. Microsoft accounts for 5.3% of Koss Olinger Consulting LLC’s portfolio, making the stock its largest position. Koss Olinger Consulting LLC’s holdings in Microsoft were worth $9,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Friedenthal Financial acquired a new position in Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management acquired a new position in Microsoft during the fourth quarter worth about $58,000. Richardson Capital Management LLC raised its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after acquiring an additional 129 shares in the last quarter. PayPay Securities Corp raised its stake in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares in the last quarter. Finally, Cooksen Wealth LLC acquired a new position in Microsoft during the fourth quarter worth about $86,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last three months, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Stifel Nicolaus reissued a “buy” rating and set a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. Wells Fargo & Company upped their price objective on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Morgan Stanley upped their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. The Goldman Sachs Group upped their price objective on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. Finally, Sanford C. Bernstein upped their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $469.86.

Microsoft Price Performance

Shares of MSFT opened at $454.70 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The business’s fifty day moving average is $435.00 and its 200 day moving average is $415.23. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.38 trillion, a P/E ratio of 39.37, a P/E/G ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the business earned $2.45 EPS. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

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.