Steele Capital Management Inc. Has $6.45 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Steele Capital Management Inc. lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,435 shares of the software giant’s stock after purchasing an additional 229 shares during the quarter. Steele Capital Management Inc.’s holdings in Microsoft were worth $6,452,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Bayesian Capital Management LP increased its stake in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the last quarter. Warren Street Wealth Advisors LLC increased its stake in shares of Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares during the last quarter. Czech National Bank increased its stake in shares of Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock worth $550,086,000 after purchasing an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC grew its stake 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 buying an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC bought a new position in Microsoft in the 4th quarter worth $9,538,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $405.72 on Tuesday. The firm has a market cap of $3.02 trillion, a PE ratio of 35.13, a price-to-earnings-growth ratio of 2.03 and a beta of 0.90. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. 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’s 50-day moving average price is $426.57 and its two-hundred day moving average price is $423.04.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Morgan Stanley dropped their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. UBS Group dropped their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Macquarie lifted their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insiders Place Their Bets

In other Microsoft 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 value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CFO Amy Hood sold 38,000 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the chief financial officer now directly 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 SEC, which is available at this link. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. The disclosure for this sale can be found here. Over the last three months, insiders sold 130,751 shares of company stock valued at $53,628,156. Insiders own 0.03% of the company’s stock.

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.