Microsoft Co. (NASDAQ:MSFT) Shares Bought by Opus Capital Group LLC

Opus Capital Group LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 8.4% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,725 shares of the software giant’s stock after acquiring an additional 211 shares during the period. Opus Capital Group LLC’s holdings in Microsoft were worth $1,147,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. Sandbar Asset Management LLP bought a new stake in shares of Microsoft during the third quarter valued at approximately $242,000. Matthew 25 Management Corp raised its holdings in Microsoft by 26.7% during the third quarter. Matthew 25 Management Corp now owns 19,000 shares of the software giant’s stock worth $5,999,000 after purchasing an additional 4,000 shares in the last quarter. Glynn Capital Management LLC raised its holdings in Microsoft by 48.3% during the third quarter. Glynn Capital Management LLC now owns 76,884 shares of the software giant’s stock worth $24,276,000 after purchasing an additional 25,048 shares in the last quarter. Bbjs Financial Advisors LLC raised its holdings in Microsoft by 2,777.8% during the third quarter. Bbjs Financial Advisors LLC now owns 1,036 shares of the software giant’s stock worth $327,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Pring Turner Capital Group Inc. raised its holdings in Microsoft by 2.3% during the third quarter. Pring Turner Capital Group Inc. now owns 9,959 shares of the software giant’s stock worth $3,145,000 after purchasing an additional 223 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Wednesday, May 22nd. KeyCorp assumed coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Piper Sandler restated an “overweight” rating and issued a $465.00 price target (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Oppenheimer lifted their price target 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, Sanford C. Bernstein lifted their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Stock Up 1.0 %

Shares of MSFT stock traded up $4.78 on Friday, hitting $465.55. The company’s stock had a trading volume of 5,802,740 shares, compared to its average volume of 20,650,561. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $467.07. The firm’s fifty day moving average price is $428.53 and its 200-day moving average price is $412.10. The stock has a market capitalization of $3.46 trillion, a price-to-earnings ratio of 40.20, a P/E/G ratio of 2.17 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the business earned $2.45 EPS. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is 25.97%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock valued at $10,877,535 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft 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.