Microsoft Co. (NASDAQ:MSFT) Shares Sold by Truvestments Capital LLC

Posted by MarketBeat News on Mar 15th, 2023

Truvestments Capital LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 7.7% in the 3rd quarter, Holdings Channel reports. The firm owned 10,553 shares of the software giant’s stock after selling 884 shares during the period. Microsoft comprises about 1.6% of Truvestments Capital LLC’s portfolio, making the stock its 13th largest holding. Truvestments Capital LLC’s holdings in Microsoft were worth $2,458,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. United Services Automobile Association grew its stake in shares of Microsoft by 3.6% in the third quarter. United Services Automobile Association now owns 290,385 shares of the software giant’s stock worth $67,630,000 after acquiring an additional 10,121 shares in the last quarter. Verus Capital Partners LLC grew its stake in shares of Microsoft by 53.1% during the third quarter. Verus Capital Partners LLC now owns 151,873 shares of the software giant’s stock worth $35,371,000 after purchasing an additional 52,643 shares in the last quarter. Verity Asset Management Inc. acquired a new position in shares of Microsoft during the third quarter worth $2,327,000. Greenwood Gearhart Inc. grew its stake in shares of Microsoft by 3.1% during the third quarter. Greenwood Gearhart Inc. now owns 120,078 shares of the software giant’s stock worth $27,967,000 after purchasing an additional 3,559 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Microsoft during the third quarter worth $243,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Microsoft Trading Up 2.7 %

Shares of MSFT opened at $260.79 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.89 and a debt-to-equity ratio of 0.24. The firm’s 50-day moving average is $249.41 and its two-hundred day moving average is $245.09. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $315.95. The firm has a market capitalization of $1.94 trillion, a P/E ratio of 28.98, a PEG ratio of 2.28 and a beta of 0.92.

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Microsoft (NASDAQ:MSFT – Get Rating) last issued its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.05. The company had revenue of $52.75 billion for the quarter, compared to analyst estimates of $53.17 billion. Microsoft had a net margin of 33.05% and a return on equity of 39.87%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.48 earnings per share. On average, research analysts predict that Microsoft Co. will post 9.34 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 6th. Stockholders of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 1.04%. Microsoft’s dividend payout ratio is presently 30.22%.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Credit Suisse Group set a $285.00 target price on shares of Microsoft in a research note on Thursday, March 2nd. Raymond James reduced their price target on shares of Microsoft from $280.00 to $270.00 and set an “outperform” rating for the company in a research report on Wednesday, January 25th. Stifel Nicolaus reduced their price target on shares of Microsoft from $290.00 to $275.00 and set a “buy” rating for the company in a research report on Wednesday, January 25th. Oppenheimer boosted their price target on shares of Microsoft from $265.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, February 8th. Finally, BMO Capital Markets cut shares of Microsoft from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $285.58.

Insider Activity

In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the stock in a transaction that occurred on Thursday, February 9th. The shares were sold at an average price of $269.38, for a total transaction of $269,380.00. Following the completion of the sale, the chief marketing officer now owns 117,362 shares in the company, valued at $31,614,975.56. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.