ROI Financial Advisors LLC raised its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 16,949 shares of the software giant’s stock after acquiring an additional 340 shares during the quarter. Microsoft makes up approximately 5.0% of ROI Financial Advisors LLC’s investment portfolio, making the stock its 5th largest position. ROI Financial Advisors LLC’s holdings in Microsoft were worth $7,293,000 at the end of the most recent reporting period.
Several other hedge funds have also bought and sold shares of the stock. Net Worth Advisory Group acquired a new stake in Microsoft in the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC lifted its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA increased its holdings in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. raised its position in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Insider Buying and Selling
In other Microsoft news, 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 transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.
Microsoft Trading Up 1.0 %
Shares of MSFT stock opened at $429.03 on Friday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a market cap of $3.19 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. The company has a 50-day moving average of $429.32 and a two-hundred day moving average of $426.58. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 EPS. On average, analysts predict that Microsoft Co. will post 12.92 EPS for the current year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. UBS Group increased their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Finally, Piper Sandler lifted their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research note on Monday, January 6th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $512.93.
Get Our Latest Analysis on Microsoft
Microsoft 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; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.
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