Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Allen Capital Group LLC

Allen Capital Group LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 7.3% during the third quarter, Holdings Channel reports. The firm owned 21,630 shares of the software giant’s stock after buying an additional 1,476 shares during the quarter. Microsoft comprises 1.2% of Allen Capital Group LLC’s portfolio, making the stock its 20th largest holding. Allen Capital Group LLC’s holdings in Microsoft were worth $9,307,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Net Worth Advisory Group purchased a new stake in Microsoft during the 3rd quarter worth about $2,645,000. Oak Ridge Investments LLC increased its holdings in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after acquiring an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted its holdings in Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. increased its stake in Microsoft by 2.0% in the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after purchasing an additional 1,489 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on 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 directly 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. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Mizuho boosted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Morgan Stanley dropped their price objective on Microsoft from $548.00 to $540.00 and set an “overweight” rating on the stock in a report on Wednesday, January 22nd. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. JPMorgan Chase & Co. cut their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein decreased their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Stock Performance

Shares of MSFT opened at $442.33 on Thursday. Microsoft Co. has a 52-week low of $385.58 and a 52-week 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 company has a market capitalization of $3.29 trillion, a PE ratio of 36.50, a P/E/G ratio of 2.40 and a beta of 0.90. The company has a 50-day simple moving average of $432.01 and a 200-day simple moving average of $425.03.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period in the previous year, the company posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is presently 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.