Microsoft Co. (NASDAQ:MSFT) Stake Boosted by TTP Investments Inc.

TTP Investments Inc. lifted its position in Microsoft Co. (NASDAQ:MSFT) by 8.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 21,048 shares of the software giant’s stock after purchasing an additional 1,721 shares during the period. Microsoft comprises approximately 3.1% of TTP Investments Inc.’s portfolio, making the stock its 8th biggest holding. TTP Investments Inc.’s holdings in Microsoft were worth $9,057,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its position in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft during the second quarter valued at approximately $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the second quarter worth $75,000. Bellevue Group AG raised its holdings in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC boosted its holdings in shares of Microsoft by 241.4% during the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief financial officer now owns 496,369 shares in the company, valued at $203,784,292.95. This trade represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the transaction, the chief marketing officer now directly owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 134,578 shares of company stock worth $55,279,956. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.1 %

NASDAQ MSFT opened at $431.20 on Wednesday. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The company has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm’s fifty day moving average price is $420.83 and its 200 day moving average price is $426.70.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter last year, the company posted $2.99 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its Board of Directors has authorized a share buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. TD Cowen decreased their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Sanford C. Bernstein lowered their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

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.