Presidio Capital Management LLC Acquires 290 Shares of Microsoft Co. (NASDAQ:MSFT)

Presidio Capital Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 10.4% during the third quarter, Holdings Channel.com reports. The fund owned 3,086 shares of the software giant’s stock after purchasing an additional 290 shares during the period. Microsoft comprises about 0.8% of Presidio Capital Management LLC’s holdings, making the stock its 16th largest holding. Presidio Capital Management LLC’s holdings in Microsoft were worth $1,328,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. WFA Asset Management Corp increased 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 worth $427,000 after acquiring an additional 216 shares in the last quarter. Meadow Creek Wealth Advisors LLC lifted its holdings in shares of Microsoft by 5.2% during the 2nd quarter. Meadow Creek Wealth Advisors LLC now owns 11,453 shares of the software giant’s stock valued at $5,119,000 after purchasing an additional 566 shares in the last quarter. Patrick M Sweeney & Associates Inc. grew its position in shares of Microsoft by 3.3% in the 2nd quarter. Patrick M Sweeney & Associates Inc. now owns 10,266 shares of the software giant’s stock valued at $4,586,000 after purchasing an additional 331 shares during the period. First PREMIER Bank increased its stake in Microsoft by 4.3% during the 2nd quarter. First PREMIER Bank now owns 23,504 shares of the software giant’s stock worth $10,505,000 after purchasing an additional 977 shares in the last quarter. Finally, Corundum Group Inc. raised its holdings in Microsoft by 8.2% during the 2nd quarter. Corundum Group Inc. now owns 19,092 shares of the software giant’s stock worth $8,533,000 after buying an additional 1,447 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen cut their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. KeyCorp boosted their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Citigroup decreased their target price 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. JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Microsoft Stock Performance

Shares of MSFT stock opened at $418.95 on Friday. The firm has a 50 day moving average of $428.83 and a 200-day moving average of $427.53. The company has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $380.38 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating 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 business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the previous year, the company posted $2.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

The business 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. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s payout ratio is 27.39%.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were 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 in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on 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 directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

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.