G2 Capital Management LLC OH Cuts Stock Position in Microsoft Co. (NASDAQ:MSFT)

G2 Capital Management LLC OH cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 13.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,663 shares of the software giant’s stock after selling 431 shares during the quarter. Microsoft accounts for approximately 0.3% of G2 Capital Management LLC OH’s investment portfolio, making the stock its 29th largest position. G2 Capital Management LLC OH’s holdings in Microsoft were worth $1,001,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Iron Horse Wealth Management LLC lifted its position in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft in the third quarter worth $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the last quarter. Cordant Inc. lifted its position in Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in Microsoft in the fourth quarter worth $146,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. Stifel Nicolaus restated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a research report on Monday, April 22nd. Raymond James restated an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Royal Bank of Canada lifted their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Piper Sandler reiterated an “overweight” rating and set a $465.00 target price (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $452.61.

Microsoft Trading Up 0.3 %

NASDAQ MSFT opened at $410.54 on Thursday. Microsoft Co. has a 12-month low of $306.26 and a 12-month high of $430.82. The company has a fifty day simple moving average of $413.84 and a two-hundred day simple moving average of $392.05. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.05 trillion, a P/E ratio of 35.54, a P/E/G ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter last year, the business posted $2.45 EPS. On average, analysts forecast that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s dividend payout ratio is currently 25.97%.

About Microsoft

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.