Microsoft Co. (NASDAQ:MSFT) Shares Bought by 17 Capital Partners LLC

17 Capital Partners LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 14.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 8,889 shares of the software giant’s stock after purchasing an additional 1,127 shares during the period. Microsoft accounts for approximately 2.5% of 17 Capital Partners LLC’s investment portfolio, making the stock its 2nd biggest holding. 17 Capital Partners LLC’s holdings in Microsoft were worth $3,825,000 as of its most recent SEC filing.

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

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were 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 directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Christopher David Young sold 7,200 shares of the business’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 transaction, the executive vice president now owns 103,366 shares of the company’s stock, valued at $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. In the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Piper Sandler increased their price objective on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, Wedbush restated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. 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, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $511.62.

Microsoft Trading Down 0.4 %

Shares of MSFT stock opened at $417.19 on Tuesday. The company has a 50 day moving average of $429.00 and a 200-day moving average of $426.98. 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 12-month low of $384.81 and a 12-month high of $468.35. The firm has a market cap of $3.10 trillion, a P/E ratio of 34.42, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping 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 the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current year.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 yield of 0.80%. Microsoft’s dividend payout ratio is 27.39%.

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.