Spirepoint Private Client LLC Takes $27.13 Million Position in Microsoft Co. (NASDAQ:MSFT)

Spirepoint Private Client LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the first quarter, Holdings Channel.com reports. The firm acquired 64,475 shares of the software giant’s stock, valued at approximately $27,126,000. Microsoft accounts for 4.1% of Spirepoint Private Client LLC’s portfolio, making the stock its 2nd biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Friedenthal Financial acquired a new position in Microsoft during the 4th quarter worth approximately $45,000. Richardson Capital Management LLC raised its stake in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the period. Neo Ivy Capital Management acquired a new position in Microsoft during the 4th quarter worth approximately $58,000. PayPay Securities Corp increased its holdings in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares in the last quarter. Finally, Horizon Financial Services LLC bought a new stake in Microsoft during the 1st quarter worth approximately $80,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Up 0.2 %

MSFT stock opened at $406.81 on Tuesday. The stock has a market capitalization of $3.02 trillion, a P/E ratio of 35.22, a P/E/G ratio of 2.11 and a beta of 0.90. The firm has a 50-day simple moving average of $437.08 and a 200-day simple moving average of $422.08. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.69 earnings per share. Equities analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio is presently 25.97%.

Analysts Set New Price Targets

A number of brokerages have commented on MSFT. Wells Fargo & Company boosted their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Morgan Stanley decreased their price objective on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a report on Wednesday, July 31st. Sanford C. Bernstein boosted their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Macquarie boosted their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Finally, Citigroup decreased their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $494.72.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,566 shares of company stock valued at $10,877,535. Corporate insiders own 0.03% of the company’s stock.

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.