Independent Family Office LLC Has $1.87 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Independent Family Office LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 62.1% during the third quarter, Holdings Channel reports. The fund owned 4,360 shares of the software giant’s stock after acquiring an additional 1,670 shares during the quarter. Microsoft comprises about 0.9% of Independent Family Office LLC’s holdings, making the stock its 19th biggest holding. Independent Family Office LLC’s holdings in Microsoft were worth $1,870,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MSFT. Integrated Wealth Concepts LLC lifted its holdings in Microsoft by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 256,084 shares of the software giant’s stock worth $110,193,000 after purchasing an additional 2,901 shares during the last quarter. Investment Management Corp of Ontario lifted its position in Microsoft by 22.2% during the third quarter. Investment Management Corp of Ontario now owns 544,893 shares of the software giant’s stock worth $234,467,000 after purchasing an additional 99,152 shares during the period. Ionic Capital Management LLC acquired a new stake in shares of Microsoft during the 3rd quarter worth approximately $1,398,000. Iron Gate Global Advisors LLC boosted its holdings in shares of Microsoft by 2.0% in the 3rd quarter. Iron Gate Global Advisors LLC now owns 106,100 shares of the software giant’s stock valued at $45,655,000 after purchasing an additional 2,049 shares in the last quarter. Finally, Itau Unibanco Holding S.A. grew its position in Microsoft by 22.2% in the third quarter. Itau Unibanco Holding S.A. now owns 169,436 shares of the software giant’s stock valued at $72,908,000 after acquiring an additional 30,763 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $415.82 on Friday. The stock has a fifty day simple moving average of $431.86 and a two-hundred day simple moving average of $423.85. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the business posted $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $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 quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research note on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research note on Monday, January 27th. Finally, Mizuho lowered their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

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.