Sheaff Brock Investment Advisors LLC Sells 310 Shares of Microsoft Co. (NASDAQ:MSFT)

Sheaff Brock Investment Advisors LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 64,088 shares of the software giant’s stock after selling 310 shares during the quarter. Microsoft makes up 2.4% of Sheaff Brock Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. Sheaff Brock Investment Advisors LLC’s holdings in Microsoft were worth $27,577,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc increased its holdings in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP purchased a new stake in Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC purchased a new stake in Microsoft during the second quarter valued at about $75,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft in the 2nd quarter worth about $200,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $48,911,598. The trade was 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 available at the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $429.03 on Tuesday. The company has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The business has a 50 day simple moving average of $429.32 and a 200-day simple moving average of $426.14. 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 posted its 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. The company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Analyst Ratings Changes

MSFT has been the subject of a number of research analyst reports. Cantor Fitzgerald initiated coverage on shares of Microsoft in a research report on Friday. They set an “overweight” rating and a $509.00 target price for the company. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research note on Monday, September 23rd. Finally, Stifel Nicolaus increased their target price on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $512.93.

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.