Mcmorgan & Co. LLC Lowers Position in Microsoft Co. (NASDAQ:MSFT)

Mcmorgan & Co. LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 38.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,380 shares of the software giant’s stock after selling 1,496 shares during the period. Mcmorgan & Co. LLC’s holdings in Microsoft were worth $1,064,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Dark Forest Capital Management LP grew its stake in Microsoft by 173.1% in the second quarter. Dark Forest Capital Management LP now owns 1,480 shares of the software giant’s stock worth $661,000 after purchasing an additional 938 shares during the period. Daymark Wealth Partners LLC grew its stake in shares of Microsoft by 5.9% in the second quarter. Daymark Wealth Partners LLC now owns 392,044 shares of the software giant’s stock worth $175,224,000 after acquiring an additional 21,688 shares during the last quarter. Delta Investment Management LLC grew its stake in shares of Microsoft by 7.2% in the second quarter. Delta Investment Management LLC now owns 33,185 shares of the software giant’s stock worth $14,832,000 after acquiring an additional 2,243 shares during the last quarter. Drucker Wealth 3.0 LLC purchased a new stake in shares of Microsoft in the second quarter worth $9,000,000. Finally, Dundas Partners LLP lifted its holdings in shares of Microsoft by 1.4% during the second quarter. Dundas Partners LLP now owns 180,361 shares of the software giant’s stock valued at $80,612,000 after purchasing an additional 2,453 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction 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 $353,189,942.01. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, CEO Satya Nadella sold 78,353 shares of the company’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 sale, 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,829 shares of company stock worth $80,966,837 in the last quarter. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. Sanford C. Bernstein lowered their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Bank of America upped 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. Piper Sandler restated an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $423.03 on Wednesday. The company has a 50-day moving average price of $421.11 and a 200 day moving average price of $425.32. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.15 trillion, a P/E ratio of 34.90, a PEG ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its 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. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the previous year, the company earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft announced that its Board of Directors has approved a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 27.39%.

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.