Legacy Advisors LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 18.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,599 shares of the software giant’s stock after purchasing an additional 5,427 shares during the period. Microsoft accounts for approximately 1.5% of Legacy Advisors LLC’s portfolio, making the stock its 8th largest position. Legacy Advisors LLC’s holdings in Microsoft were worth $8,297,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth about $28,000. Iron Horse Wealth Management LLC purchased a new position in Microsoft in the fourth quarter valued at about $26,000. Hanseatic Management Services Inc. increased its holdings in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $40,000. Finally, Macroview Investment Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $61,000. Institutional investors and hedge funds own 69.15% of the company’s stock.
Insider Buying and Selling
In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Satya Nadella sold 4,767 shares of the stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,767 shares of company stock worth $12,461,061. Insiders own 0.03% of the company’s stock.
Analyst Ratings Changes
Microsoft Stock Down 0.5 %
Shares of NASDAQ:MSFT opened at $307.00 on Wednesday. The company has a 50 day moving average of $281.16 and a 200-day moving average of $257.23. Microsoft Co. has a one year low of $213.43 and a one year high of $311.97. The stock has a market cap of $2.28 trillion, a price-to-earnings ratio of 33.26, a P/E/G ratio of 2.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.91 and a quick ratio of 1.88.
Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a net margin of 33.25% and a return on equity of 38.98%. The business’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.22 earnings per share. On average, sell-side analysts forecast that Microsoft Co. will post 9.61 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.89%. Microsoft’s payout ratio is 29.47%.
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.
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