Jmac Enterprises LLC Sells 114 Shares of Microsoft Co. (NASDAQ:MSFT)

Jmac Enterprises LLC lowered its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the third quarter, Holdings Channel reports. The institutional investor owned 14,444 shares of the software giant’s stock after selling 114 shares during the quarter. Microsoft comprises about 1.0% of Jmac Enterprises LLC’s investment portfolio, making the stock its 29th biggest position. Jmac Enterprises LLC’s holdings in Microsoft were worth $6,215,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new stake in shares of Microsoft in the 2nd quarter worth about $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft during the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC boosted its position in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the second quarter worth about $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.5 %

Shares of NASDAQ MSFT opened at $424.56 on Friday. Microsoft Co. has a twelve month low of $371.19 and a twelve month 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 stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.37 and a beta of 0.90. The company’s fifty day moving average is $428.65 and its 200-day moving average is $427.59.

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

Microsoft announced that its Board of Directors has initiated a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available 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 value of $10,425,000.00. Following 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. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on MSFT shares. The Goldman Sachs Group reduced their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Stifel Nicolaus lifted their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. BMO Capital Markets decreased their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Piper Sandler upped their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $511.62.

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.