Microsoft Co. (NASDAQ:MSFT) Shares Sold by Boston Standard Wealth Management LLC

Boston Standard Wealth Management LLC trimmed its holdings in Microsoft Co. (NASDAQ:MSFT) by 20.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,372 shares of the software giant’s stock after selling 348 shares during the period. Microsoft accounts for about 0.1% of Boston Standard Wealth Management LLC’s investment portfolio, making the stock its 29th largest position. Boston Standard Wealth Management LLC’s holdings in Microsoft were worth $613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bayesian Capital Management LP raised its stake in Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC lifted its stake in shares of Microsoft by 16.5% during the fourth quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock valued at $2,545,000 after buying an additional 956 shares during the period. Czech National Bank grew its stake in Microsoft by 0.4% in the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after acquiring an additional 5,253 shares during the period. True Link Financial Advisors LLC raised its holdings in Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after acquiring an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $9,538,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on MSFT shares. Piper Sandler reiterated an “overweight” rating and set a $485.00 target price on shares of Microsoft in a research report on Wednesday, July 31st. New Street Research began coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. BMO Capital Markets upped their price target on shares of Microsoft from $465.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, July 12th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, July 31st. Finally, Bank of America upped their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $417.14 on Friday. The firm has a market cap of $3.10 trillion, a PE ratio of 36.12, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. The company has a fifty day simple moving average of $432.34 and a 200 day simple moving average of $422.67. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35.

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

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft’s payout ratio is 25.97%.

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.