Tobias Financial Advisors Inc. Has $1.52 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Tobias Financial Advisors Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 7.0% during the third quarter, Holdings Channel reports. The fund owned 3,523 shares of the software giant’s stock after buying an additional 231 shares during the quarter. Tobias Financial Advisors Inc.’s holdings in Microsoft were worth $1,516,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new position in Microsoft during the second quarter worth $45,000. Innealta Capital LLC acquired a new position in Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC lifted its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC grew its holdings in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $427.85 on Tuesday. The firm has a market capitalization of $3.18 trillion, a PE ratio of 35.30, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $428.64 and a two-hundred day moving average price of $427.95. Microsoft Co. has a twelve month low of $369.01 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s payout ratio is 27.39%.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Sanford C. Bernstein dropped their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Piper Sandler upped their price target on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $511.62.

Check Out Our Latest Report on Microsoft

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

See Also

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