My Legacy Advisors LLC Has $8.08 Million Position in Microsoft Co. (NASDAQ:MSFT)

My Legacy Advisors LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 16.4% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 18,783 shares of the software giant’s stock after selling 3,691 shares during the period. Microsoft comprises approximately 3.2% of My Legacy Advisors LLC’s portfolio, making the stock its 4th largest position. My Legacy Advisors LLC’s holdings in Microsoft were worth $8,082,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MSFT. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Microsoft by 62.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock worth $47,612,000 after buying an additional 43,327 shares during the last quarter. Quent Capital LLC raised its position in Microsoft by 4.3% during the first quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock worth $15,099,000 after acquiring an additional 1,467 shares in the last quarter. LRI Investments LLC bought a new stake in Microsoft during the first quarter worth $10,561,000. Finally, GUARDCAP ASSET MANAGEMENT Ltd lifted its stake in Microsoft by 1.1% in the first quarter. GUARDCAP ASSET MANAGEMENT Ltd now owns 1,214,053 shares of the software giant’s stock valued at $510,776,000 after acquiring an additional 12,998 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Mizuho increased their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, KeyCorp lifted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $505.43.

Insider Activity

In related news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Microsoft Trading Up 1.0 %

NASDAQ MSFT opened at $451.59 on Tuesday. The business has a 50 day moving average price of $425.00 and a 200-day moving average price of $427.76. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 37.26, a P/E/G ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the prior year, the company posted $2.99 earnings per share. Microsoft’s revenue was up 16.0% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s payout ratio is presently 27.39%.

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

About Microsoft

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.