KFA Private Wealth Group LLC Has $1.83 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

KFA Private Wealth Group LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,252 shares of the software giant’s stock after selling 34 shares during the quarter. Microsoft accounts for 0.9% of KFA Private Wealth Group LLC’s holdings, making the stock its 25th biggest position. KFA Private Wealth Group LLC’s holdings in Microsoft were worth $1,830,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Net Worth Advisory Group acquired a new stake in shares of Microsoft in the 3rd quarter valued at approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in Microsoft by 1.6% during the second 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 lifted its stake 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 acquiring an additional 880 shares during the last quarter. New Harbor Financial Group LLC lifted its stake in Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after acquiring an additional 450 shares during the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Microsoft by 10.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock valued at $45,737,000 after acquiring an additional 10,421 shares during the period. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein decreased their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Finally, TD Cowen reduced their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and an average target price of $504.36.

Microsoft Stock Up 1.3 %

Shares of MSFT opened at $448.99 on Thursday. The stock’s 50-day moving average price is $422.24 and its two-hundred day moving average price is $427.22. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The company has a market capitalization of $3.34 trillion, a PE ratio of 37.05, a PEG ratio of 2.37 and a beta of 0.90. 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 issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for 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%. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.99 earnings per share. On average, analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

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 issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last quarter. 0.03% of the stock is owned by corporate insiders.

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.