Wrapmanager Inc. Grows Position in Microsoft Co. (NASDAQ:MSFT)

Wrapmanager Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 23,146 shares of the software giant’s stock after buying an additional 1,098 shares during the quarter. Microsoft accounts for approximately 1.8% of Wrapmanager Inc.’s holdings, making the stock its 11th largest holding. Wrapmanager Inc.’s holdings in Microsoft were worth $5,551,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Arjuna Capital raised its holdings in shares of Microsoft by 4.4% during the 4th quarter. Arjuna Capital now owns 69,622 shares of the software giant’s stock valued at $16,697,000 after buying an additional 2,966 shares during the period. Kentucky Retirement Systems raised its holdings in shares of Microsoft by 0.4% during the 4th quarter. Kentucky Retirement Systems now owns 586,350 shares of the software giant’s stock valued at $140,618,000 after buying an additional 2,561 shares during the period. Reuter James Wealth Management LLC grew its stake in Microsoft by 1.2% during the 4th quarter. Reuter James Wealth Management LLC now owns 6,251 shares of the software giant’s stock valued at $1,499,000 after purchasing an additional 75 shares in the last quarter. Mattern Wealth Management LLC grew its stake in Microsoft by 2.2% during the 4th quarter. Mattern Wealth Management LLC now owns 54,697 shares of the software giant’s stock valued at $13,118,000 after purchasing an additional 1,193 shares in the last quarter. Finally, GYL Financial Synergies LLC grew its stake in Microsoft by 2.9% during the 4th quarter. GYL Financial Synergies LLC now owns 23,896 shares of the software giant’s stock valued at $5,731,000 after purchasing an additional 665 shares in the last quarter. 69.15% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 4,767 shares of the stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $316.87, for a total value of $1,584,350.00. Following the transaction, the chief marketing officer now owns 89,328 shares of the company’s stock, valued at approximately $28,305,363.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of the firm’s 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 sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 54,848 shares of company stock worth $16,635,227 in the last three months. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. The Goldman Sachs Group raised their price objective on Microsoft from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Atlantic Securities raised their price objective on Microsoft from $290.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft lifted their target price on Microsoft from $310.00 to $340.00 in a research report on Wednesday, April 26th. Stifel Nicolaus lifted their target price on Microsoft from $310.00 to $320.00 and gave the stock a “buy” rating in a research report on Wednesday, April 26th. Finally, Wedbush boosted their price objective on Microsoft from $325.00 to $340.00 in a research report on Thursday, May 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $323.28.

Microsoft Trading Down 0.1 %

Microsoft stock opened at $318.34 on Monday. The business has a 50 day moving average price of $290.86 and a two-hundred day moving average price of $261.67. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The stock has a market cap of $2.37 trillion, a price-to-earnings ratio of 34.49, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $319.04.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. During the same period in the prior year, the company posted $2.22 EPS. The company’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

About Microsoft

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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.