SilverOak Wealth Management LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

SilverOak Wealth Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 0.9% during the second quarter, Holdings Channel reports. The firm owned 3,686 shares of the software giant’s stock after buying an additional 33 shares during the quarter. SilverOak Wealth Management LLC’s holdings in Microsoft were worth $1,647,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. New Harbor Financial Group LLC lifted its stake in Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after acquiring an additional 450 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of Microsoft by 25.7% during the second quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock worth $112,031,000 after purchasing an additional 51,273 shares in the last quarter. AMG National Trust Bank boosted its stake in shares of 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 purchasing an additional 12,994 shares during the period. True Link Financial Advisors LLC grew its holdings in shares of Microsoft by 296.7% in the first 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 in the last quarter. Finally, Spinnaker Investment Group LLC increased its stake in Microsoft by 2.7% during the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock worth $5,268,000 after buying an additional 326 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSFT shares. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday. UBS Group lowered their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Sanford C. Bernstein reduced their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Piper Sandler reduced their target price on shares of Microsoft from $485.00 to $470.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $502.97.

Microsoft Price Performance

MSFT stock opened at $432.53 on Thursday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.22 trillion, a P/E ratio of 36.62, a PEG ratio of 2.24 and a beta of 0.90. The business has a 50 day simple moving average of $421.01 and a 200-day simple moving average of $424.70. Microsoft Co. has a twelve month low of $334.69 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm 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%. Microsoft’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.69 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft Increases Dividend

The business also recently declared 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 dividend on an annualized basis 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%.

Microsoft declared that its Board of Directors has authorized a share buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Activity at Microsoft

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock worth $77,916,485 in the last quarter. Company insiders own 0.03% of the company’s stock.

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.