NBC Securities Inc. Has $35.89 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

NBC Securities Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,402 shares of the software giant’s stock after selling 104 shares during the quarter. Microsoft accounts for approximately 3.0% of NBC Securities Inc.’s investment portfolio, making the stock its 4th biggest holding. NBC Securities Inc.’s holdings in Microsoft were worth $35,888,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC bought a new stake in Microsoft in the second quarter valued at approximately $75,000. Bellevue Group AG increased its position in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC boosted its stake in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $431.20 on Wednesday. The firm has a market cap of $3.21 trillion, a P/E ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90. The business’s 50 day moving average is $420.83 and its 200-day moving average is $426.70. 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 Co. has a 1-year low of $362.90 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.99 earnings per share. Equities research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft announced that its board has authorized a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Insider Activity

In related news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This represents a 7.11 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the completion of the sale, the chief marketing officer now directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 134,578 shares of company stock valued at $55,279,956. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. 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. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $503.03.

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.