REDW Wealth LLC Has $5 Million Position in Microsoft Co. (NASDAQ:MSFT)

REDW Wealth LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 11,618 shares of the software giant’s stock after selling 671 shares during the quarter. Microsoft comprises approximately 1.3% of REDW Wealth LLC’s holdings, making the stock its 16th largest position. REDW Wealth LLC’s holdings in Microsoft were worth $4,999,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the business. International Assets Investment Management LLC boosted its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. lifted its position in shares of Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after buying an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in shares of Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after acquiring an additional 2,404,348 shares in the last quarter. AustralianSuper Pty Ltd increased its holdings in shares of Microsoft by 56.9% during the 3rd quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock valued at $2,299,767,000 after acquiring an additional 1,938,304 shares during the last quarter. Finally, Strategic Financial Concepts LLC raised its stake in shares of Microsoft by 31,648.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after acquiring an additional 1,865,996 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The shares were 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on MSFT. Piper Sandler reaffirmed an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. Morgan Stanley boosted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Finally, UBS Group boosted their price objective on Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $509.90.

Microsoft Stock Down 0.7 %

NASDAQ MSFT opened at $418.58 on Friday. Microsoft Co. has a 1-year low of $366.50 and a 1-year high of $468.35. The company has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.37 and a beta of 0.90. The stock’s 50 day moving average is $428.83 and its two-hundred day moving average is $428.45. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a stock repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.79%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

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.