SYM FINANCIAL Corp Has $3.50 Million Position in Microsoft Co. (NASDAQ:MSFT)

SYM FINANCIAL Corp increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 12.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,839 shares of the software giant’s stock after acquiring an additional 840 shares during the period. Microsoft comprises about 0.6% of SYM FINANCIAL Corp’s portfolio, making the stock its 18th biggest position. SYM FINANCIAL Corp’s holdings in Microsoft were worth $3,504,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. New Harbor Financial Group LLC grew its stake in shares of Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares during the last quarter. AMG National Trust Bank boosted its holdings in Microsoft by 19.0% in the second quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock valued at $36,427,000 after acquiring an additional 12,994 shares during the last quarter. True Link Financial Advisors LLC increased its position in Microsoft by 296.7% during the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after purchasing an additional 2,264 shares during the period. Spinnaker Investment Group LLC boosted its stake in shares of Microsoft by 2.7% in the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after purchasing an additional 326 shares during the last quarter. Finally, Leeward Financial Partners LLC increased its position in shares of Microsoft by 15.8% during the first quarter. Leeward Financial Partners LLC now owns 35,610 shares of the software giant’s stock worth $14,982,000 after buying an additional 4,861 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 1.3 %

Shares of NASDAQ:MSFT opened at $431.95 on Wednesday. The company has a market cap of $3.21 trillion, a price-to-earnings ratio of 36.57, a PEG ratio of 2.24 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a fifty day moving average price of $420.84 and a two-hundred day moving average price of $424.65. Microsoft Co. has a one year low of $331.83 and a one year high of $468.35.

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

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

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 28.11%.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction on 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 transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 14,398 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 190,629 shares of company stock worth $77,916,485 in the last 90 days. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages recently commented on MSFT. TD Cowen upped their target price on Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. Morgan Stanley restated an “overweight” rating and issued a $506.00 target price on shares of Microsoft in a report on Tuesday, September 17th. Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. Finally, Citigroup dropped their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $502.97.

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.