Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by Strategic Wealth Investment Group LLC

Strategic Wealth Investment Group LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 64.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 68,020 shares of the software giant’s stock after acquiring an additional 26,661 shares during the quarter. Microsoft makes up about 3.1% of Strategic Wealth Investment Group LLC’s holdings, making the stock its 8th biggest holding. Strategic Wealth Investment Group LLC’s holdings in Microsoft were worth $28,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Orrstown Financial Services Inc. raised its position in Microsoft by 130.2% during the third quarter. Orrstown Financial Services Inc. now owns 17,116 shares of the software giant’s stock valued at $7,365,000 after buying an additional 9,682 shares during the period. Autumn Glory Partners LLC grew its stake in Microsoft by 6.8% during the 3rd quarter. Autumn Glory Partners LLC now owns 19,760 shares of the software giant’s stock valued at $8,509,000 after acquiring an additional 1,257 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in shares of Microsoft by 1.6% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,255,624 shares of the software giant’s stock valued at $970,595,000 after purchasing an additional 34,440 shares during the period. Morton Brown Family Wealth LLC lifted its position in shares of Microsoft by 20.6% in the third quarter. Morton Brown Family Wealth LLC now owns 2,338 shares of the software giant’s stock worth $1,006,000 after purchasing an additional 400 shares in the last quarter. Finally, Sterling Manor Financial LLC boosted its holdings in shares of Microsoft by 2.1% during the third quarter. Sterling Manor Financial LLC now owns 1,981 shares of the software giant’s stock worth $852,000 after purchasing an additional 41 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MSFT shares. Morgan Stanley upped their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. TD Cowen dropped their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Truist Financial reiterated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Citigroup cut their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of the business’s 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 transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $438.11 on Friday. The stock has a 50-day simple moving average of $428.65 and a 200 day simple moving average of $428.86. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The stock has a market capitalization of $3.26 trillion, a PE ratio of 36.15, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results 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 return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the business posted $2.99 EPS. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft declared that its Board of Directors has approved a share repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

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.