Infrastructure Capital Advisors LLC Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

Infrastructure Capital Advisors LLC purchased a new stake in Microsoft Co. (NASDAQ:MSFT) during the third quarter, HoldingsChannel.com reports. The firm purchased 2,477 shares of the software giant’s stock, valued at approximately $1,066,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $2,645,000. Oak Ridge Investments LLC boosted 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 worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted 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 purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA lifted its stake in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. lifted its stake in Microsoft by 2.0% in the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Sanford C. Bernstein dropped their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity

In other Microsoft news, 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 completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $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. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $410.92 on Tuesday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company’s 50 day moving average is $432.53 and its 200 day moving average is $424.44. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.05 trillion, a PE ratio of 33.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the previous year, the business posted $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.03 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given 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 0.81%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

About Microsoft

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.