BigSur Wealth Management LLC Purchases 112 Shares of Microsoft Co. (NASDAQ:MSFT)

BigSur Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the second quarter, HoldingsChannel reports. The fund owned 6,785 shares of the software giant’s stock after buying an additional 112 shares during the quarter. Microsoft comprises 0.9% of BigSur Wealth Management LLC’s holdings, making the stock its 28th biggest position. BigSur Wealth Management LLC’s holdings in Microsoft were worth $3,033,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Richardson Capital Management LLC grew 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 valued at $59,000 after purchasing an additional 129 shares in the last quarter. Neo Ivy Capital Management purchased a new position in Microsoft during the fourth quarter valued at approximately $58,000. Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC purchased a new position in Microsoft during the first quarter worth about $80,000. Finally, Cooksen Wealth LLC bought a new position in Microsoft in the 4th quarter worth about $86,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Satya Nadella sold 14,398 shares of the 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 sale, the chief executive officer now directly 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 Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock worth $77,916,485 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. TD Cowen lifted their price target on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Mizuho boosted their price target on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Citigroup lowered their price objective on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Oppenheimer upped their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Finally, BMO Capital Markets raised their price target on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, July 12th. Two equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $494.72.

Microsoft Trading Down 0.8 %

Shares of NASDAQ MSFT opened at $435.27 on Friday. The stock has a market cap of $3.24 trillion, a P/E ratio of 37.69, a price-to-earnings-growth ratio of 2.14 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The firm has a 50-day moving average of $420.92 and a 200 day moving average of $424.03.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the firm posted $2.69 EPS. The business’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft announced that its Board of Directors has approved a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

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 paid a $0.83 dividend. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s dividend payout ratio is currently 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.