Centric Wealth Management Acquires 112 Shares of Microsoft Co. (NASDAQ:MSFT)

Centric Wealth Management raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, Holdings Channel reports. The firm owned 16,156 shares of the software giant’s stock after buying an additional 112 shares during the quarter. Microsoft comprises 1.7% of Centric Wealth Management’s portfolio, making the stock its 9th largest holding. Centric Wealth Management’s holdings in Microsoft were worth $6,789,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in MSFT. First National Bank Sioux Falls lifted its holdings in Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after acquiring an additional 24 shares during the last quarter. BCK Partners Inc. grew its position in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after buying an additional 24 shares during the last quarter. Massachusetts Wealth Management grew its position in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after buying an additional 25 shares during the last quarter. Deseret Mutual Benefit Administrators grew its position in Microsoft by 0.8% during the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after purchasing an additional 25 shares in the last quarter. Finally, Conscious Wealth Investments LLC grew its position in Microsoft by 0.4% during the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after purchasing an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The stock was 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 owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. BMO Capital Markets decreased 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. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. DA Davidson reissued a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Piper Sandler restated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. Finally, Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Price Performance

NASDAQ MSFT opened at $410.92 on Tuesday. The company has a 50-day moving average price of $432.53 and a 200-day moving average price of $424.44. The firm has a market capitalization of $3.05 trillion, a P/E ratio of 33.09, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the business posted $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. Microsoft’s payout ratio is 26.73%.

Microsoft 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.