JNBA Financial Advisors lessened its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 25,959 shares of the software giant’s stock after selling 587 shares during the quarter. Microsoft comprises 1.1% of JNBA Financial Advisors’ holdings, making the stock its 18th largest position. JNBA Financial Advisors’ holdings in Microsoft were worth $11,170,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP purchased a new position in Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC purchased a new position in Microsoft during the second quarter worth approximately $75,000. Carolina Wealth Advisors LLC lifted its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new position in Microsoft during the second quarter worth approximately $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Insiders Place Their Bets
In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.
Microsoft Trading Up 0.5 %
MSFT opened at $424.56 on Thursday. Microsoft Co. has a 12 month low of $371.19 and a 12 month high of $468.35. The stock has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 35.03, a PEG ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The business has a fifty day moving average price of $428.29 and a 200 day moving average price of $427.61.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.99 EPS. Sell-side analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.
Microsoft announced that its board has authorized a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.
Analyst Ratings Changes
A number of equities analysts recently commented on MSFT shares. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Citigroup cut their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research note on Monday. Finally, BMO Capital Markets cut their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $511.62.
Get Our Latest Report on Microsoft
About Microsoft
(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; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
Featured Articles
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.
