Tandem Investment Advisors Inc. Buys 28,478 Shares of Microsoft Co. (NASDAQ:MSFT)

Tandem Investment Advisors Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 16.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 196,726 shares of the software giant’s stock after acquiring an additional 28,478 shares during the quarter. Microsoft makes up 2.6% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 19th largest holding. Tandem Investment Advisors Inc.’s holdings in Microsoft were worth $62,116,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter valued at $28,000. Atlantic Private Wealth LLC increased its holdings in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new stake in Microsoft in the 2nd quarter valued at $601,000. Hibernia Wealth Partners LLC bought a new stake in Microsoft in the 3rd quarter valued at $69,000. Finally, Iron Horse Wealth Management LLC grew its stake in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research note on Thursday, January 18th. Rosenblatt Securities lifted their price target on shares of Microsoft from $370.00 to $375.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Wells Fargo & Company lifted their price target on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Mizuho lifted their price target on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, Macquarie lifted their price target on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $411.06.

Get Our Latest Analysis on MSFT

Microsoft Trading Up 2.1 %

NASDAQ MSFT opened at $414.05 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.08 trillion, a PE ratio of 37.44, a price-to-earnings-growth ratio of 2.16 and a beta of 0.90. The company has a 50 day moving average price of $383.76 and a 200 day moving average price of $353.22. Microsoft Co. has a 52 week low of $245.61 and a 52 week high of $415.32.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the business posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Microsoft Co. will post 11.6 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. Microsoft’s payout ratio is 27.12%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the transaction, the executive vice president now owns 183,761 shares in the company, valued at approximately $67,807,809. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 24,681 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $369.00, for a total value of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last quarter, insiders have sold 72,984 shares of company stock worth $28,978,803. 0.03% of the stock is owned by corporate insiders.

Microsoft Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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