Jackson Creek Investment Advisors LLC Sells 34 Shares of Microsoft Co. (NASDAQ:MSFT)

Jackson Creek Investment Advisors LLC cut its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,790 shares of the software giant’s stock after selling 34 shares during the quarter. Microsoft comprises 1.1% of Jackson Creek Investment Advisors LLC’s portfolio, making the stock its biggest position. Jackson Creek Investment Advisors LLC’s holdings in Microsoft were worth $3,035,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSFT. Octavia Wealth Advisors LLC boosted its position in Microsoft by 9.0% in the 2nd quarter. Octavia Wealth Advisors LLC now owns 23,134 shares of the software giant’s stock valued at $10,340,000 after buying an additional 1,908 shares during the last quarter. Northstar Advisory Group LLC boosted its holdings in Microsoft by 1.5% in the second quarter. Northstar Advisory Group LLC now owns 25,768 shares of the software giant’s stock valued at $11,517,000 after purchasing an additional 374 shares during the last quarter. Novare Capital Management LLC grew its stake in Microsoft by 1.1% during the 2nd quarter. Novare Capital Management LLC now owns 119,430 shares of the software giant’s stock valued at $53,379,000 after purchasing an additional 1,272 shares in the last quarter. Naviter Wealth LLC increased its holdings in Microsoft by 8.2% during the 2nd quarter. Naviter Wealth LLC now owns 44,584 shares of the software giant’s stock worth $19,927,000 after purchasing an additional 3,378 shares during the last quarter. Finally, Midland Wealth Advisors LLC raised its position in shares of Microsoft by 3.6% in the 2nd quarter. Midland Wealth Advisors LLC now owns 36,125 shares of the software giant’s stock valued at $16,146,000 after purchasing an additional 1,252 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. Piper Sandler reissued an “overweight” rating and set a $485.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Mizuho boosted their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 16th. Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Wednesday, July 31st. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Finally, Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.68.

Microsoft Stock Up 0.1 %

Microsoft stock opened at $416.72 on Friday. Microsoft Co. has a 52 week low of $324.39 and a 52 week high of $468.35. The stock has a market cap of $3.10 trillion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.22 and a beta of 0.90. The company’s 50-day moving average price is $419.42 and its two-hundred day moving average price is $424.54. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the firm posted $2.69 earnings per share. On average, analysts expect that Microsoft Co. will post 13.02 EPS for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is 28.74%.

Microsoft declared that its board has approved a share repurchase program on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the sale, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the transaction, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 190,629 shares of company stock valued at $77,916,485 over the last 90 days. 0.03% of the stock is currently owned by corporate 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.