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Richardson Capital Management LLC buys 129 shares of Microsoft Co. (NASDAQ:MSFT)

Richardson Capital Management LLC buys 129 shares of Microsoft Co. (NASDAQ:MSFT)


Richardson Capital Management LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1,290.0% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 139 shares of the software giant after acquiring an additional 129 shares during the period. Richardson Capital Management LLC’s holdings in Microsoft were worth $59,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Morris Financial Concepts Inc. increased its holdings in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after buying an additional 25 shares during the period. Innova Wealth Partners increased its holdings in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. increased its holdings in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares during the last quarter. Partnership Wealth Management LLC increased its stake in shares of Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after buying an additional 25 shares in the last quarter. Finally, Sicart Associates LLC increased its stake in shares of Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after buying an additional 26 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider activity

In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the Chief Marketing Officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, available at this link. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23. 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 of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that took place on Monday, June 3. 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 directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure regarding this sale can be found here. Insiders have sold 25,566 shares of the company’s stock, valued at $10,877,535 in the last three months. Company insiders own 0.03% of the company’s stock.

Changes in analyst ratings

Several brokerage firms have recently commented on MSFT. New Street Research began coverage on shares of Microsoft on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. UBS Group reiterated a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Oppenheimer increased their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Citigroup increased their price target on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a report on Friday, June 21st. Finally, Wedbush reiterated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, May 22. Three analysts have rated the stock with a “hold” rating and 33 have given the company a “buy” rating. Based on data from MarketBeat.com, Microsoft currently has an average rating of “moderate buy” and a consensus price target of $469.86.

Check out our latest stock analysis on MSFT

Price development of Microsoft shares

NASDAQ:MSFT opened at $459.54 on Wednesday. The company’s 50-day moving average is $432.43 and its 200-day moving average is $414.59. The company has a market cap of $3.42 trillion, a price-to-earnings ratio of 39.79, a PEG ratio of 2.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT – Free Report) last announced its quarterly results on Thursday, April 25. The software giant reported earnings per share of $2.94 for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the company reported earnings per share of $2.45. The company’s revenue grew 17.0% year-over-year. Research analysts forecast that Microsoft Co. will report earnings per share of $11.77 for the current year.

Dividend announcement from Microsoft

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12. Shareholders of record on Thursday, August 15 will receive a dividend of $0.75. This represents an annualized dividend of $3.00 and a yield of 0.65%. The ex-dividend date is Thursday, August 15. Microsoft’s payout ratio is 25.97%.

Microsoft Company Profile

(Free report)

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, as well as Office consumer services such as Microsoft 365 consumer subscriptions, on-premises licensed Office, and other Office services.

See also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)



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