Family Asset Management LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Family Asset Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,289 shares of the software giant’s stock after purchasing an additional 94 shares during the period. Microsoft makes up approximately 1.5% of Family Asset Management LLC’s holdings, making the stock its 16th largest holding. Family Asset Management LLC’s holdings in Microsoft were worth $2,364,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Richardson Capital Management LLC raised its stake in shares of 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. Innealta Capital LLC bought a new stake in shares of Microsoft in the 2nd quarter worth approximately $75,000. Bellevue Group AG boosted its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new position in shares of Microsoft during the 1st quarter valued at $80,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $419.14 on Tuesday. Microsoft Co. has a fifty-two week low of $324.39 and a fifty-two week high of $468.35. The firm’s 50-day simple moving average is $418.40 and its two-hundred day simple moving average is $424.67. The stock has a market cap of $3.12 trillion, a PE ratio of 36.29, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last posted its quarterly 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. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.69 EPS. Analysts anticipate that Microsoft Co. will post 13.02 earnings per share 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 company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.79%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. Microsoft’s dividend payout ratio is 28.74%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. UBS Group lowered their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Citigroup dropped their target price on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America raised their price target on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, BMO Capital Markets upped their price target on shares of Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, July 12th. Three equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $493.47.

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.