G2 Capital Management LLC OH Has $1.15 Million Stake in Microsoft Co. (NASDAQ:MSFT)

G2 Capital Management LLC OH lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% in the third quarter, Holdings Channel.com reports. The firm owned 2,663 shares of the software giant’s stock after selling 100 shares during the period. G2 Capital Management LLC OH’s holdings in Microsoft were worth $1,146,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. ERn Financial LLC raised its position in shares of Microsoft by 1.5% in the second quarter. ERn Financial LLC now owns 12,435 shares of the software giant’s stock worth $5,558,000 after buying an additional 187 shares in the last quarter. Pure Financial Advisors LLC raised its position in shares of Microsoft by 2.0% in the second quarter. Pure Financial Advisors LLC now owns 48,098 shares of the software giant’s stock worth $21,498,000 after buying an additional 942 shares in the last quarter. Evolution Wealth Advisors LLC raised its position in shares of Microsoft by 18.1% in the second quarter. Evolution Wealth Advisors LLC now owns 10,525 shares of the software giant’s stock worth $4,710,000 after buying an additional 1,613 shares in the last quarter. Finally, TruNorth Capital Management LLC raised its position in Microsoft by 13.2% during the second quarter. TruNorth Capital Management LLC now owns 3,002 shares of the software giant’s stock valued at $1,342,000 after purchasing an additional 351 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 0.4 %

Shares of Microsoft stock opened at $417.19 on Tuesday. The company has a market capitalization of $3.10 trillion, a P/E ratio of 34.42, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company has a fifty day moving average of $429.00 and a 200 day moving average of $426.98. Microsoft Co. has a fifty-two week low of $384.81 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.99 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a share buyback plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSFT shares. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Morgan Stanley raised their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Loop Capital lifted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Finally, Wedbush restated an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $511.62.

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.