Family Investment Center Inc. Has $957,000 Position in Microsoft Co. (NASDAQ:MSFT)

Family Investment Center Inc. boosted its position in Microsoft Co. (NASDAQ:MSFT) by 22.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,224 shares of the software giant’s stock after buying an additional 412 shares during the quarter. Family Investment Center Inc.’s holdings in Microsoft were worth $957,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the period. Quarry LP acquired a new stake in Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares in the last quarter. Finally, Bbjs Financial Advisors LLC raised its holdings in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after acquiring an additional 268 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.9 %

MSFT stock opened at $439.33 on Thursday. Microsoft Co. has a 1-year low of $366.50 and a 1-year high of $468.35. The stock’s fifty day simple moving average is $427.76 and its two-hundred day simple moving average is $428.69. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.27 trillion, a P/E ratio of 36.25, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared 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 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Microsoft announced that its Board of Directors has approved a share buyback plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on MSFT. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Friday, December 20th. Loop Capital upped their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday. Mizuho upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $509.90.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

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.