Microsoft Co. (NASDAQ:MSFT) Stake Raised by jvl associates llc

jvl associates llc grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 10.2% in the third quarter, HoldingsChannel reports. The fund owned 4,255 shares of the software giant’s stock after buying an additional 394 shares during the period. Microsoft makes up about 0.7% of jvl associates llc’s portfolio, making the stock its 21st largest holding. jvl associates llc’s holdings in Microsoft were worth $1,831,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the second quarter valued at $75,000. Bellevue Group AG boosted its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC grew its holdings in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares of the company’s stock, valued at $328,473,703.53. This represents a 1.80 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction 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 in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,829 shares of company stock worth $80,966,837. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on MSFT shares. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research report on Monday, September 23rd. KeyCorp lifted their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $417.79 on Wednesday. The firm has a 50 day simple moving average of $422.62 and a 200 day simple moving average of $426.21. The company has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.47, a PEG ratio of 2.20 and a beta of 0.91. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. 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) last issued its 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 business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.99 EPS. Research analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

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

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft Company Profile

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.