SYM FINANCIAL Corp Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

SYM FINANCIAL Corp boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,144 shares of the software giant’s stock after acquiring an additional 305 shares during the quarter. Microsoft accounts for approximately 0.5% of SYM FINANCIAL Corp’s investment portfolio, making the stock its 24th biggest position. SYM FINANCIAL Corp’s holdings in Microsoft were worth $3,504,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the 3rd quarter worth approximately $2,645,000. Oak Ridge Investments LLC grew its stake in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares during the last quarter. Jacobs & Co. CA increased its position in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after purchasing an additional 880 shares during the period. Finally, Focus Financial Network Inc. raised its position in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after acquiring an additional 1,489 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on MSFT. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. TD Cowen decreased their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a report on Wednesday, January 29th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Trading Down 1.5 %

NASDAQ:MSFT opened at $409.75 on Friday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The business has a fifty day moving average of $431.72 and a 200-day moving average of $423.79. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a market cap of $3.05 trillion, a price-to-earnings ratio of 32.99, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 prior year, the business posted $2.93 EPS. Equities analysts predict that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared 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. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

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.