Microsoft Co. (NASDAQ:MSFT) Stake Raised by Integris Wealth Management LLC

Integris Wealth Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 14,625 shares of the software giant’s stock after purchasing an additional 103 shares during the period. Microsoft accounts for approximately 1.8% of Integris Wealth Management LLC’s portfolio, making the stock its 16th biggest holding. Integris Wealth Management LLC’s holdings in Microsoft were worth $6,293,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in MSFT. Net Worth Advisory Group bought a new position in shares of Microsoft in the 3rd quarter valued at approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Microsoft by 1.6% in 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 lifted its position in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares in the last quarter. New Harbor Financial Group LLC lifted its holdings in Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after buying an additional 450 shares in the last quarter. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd lifted its holdings in Microsoft by 10.9% in the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock valued at $45,737,000 after buying an additional 10,421 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.3 %

Microsoft stock opened at $448.99 on Thursday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a 50-day simple moving average of $422.24 and a 200 day simple moving average of $427.22. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 37.05, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52 week low of $364.13 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its Board of Directors has initiated a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on MSFT. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. KeyCorp lifted their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Sanford C. Bernstein lowered their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, TD Cowen dropped their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $504.36.

Microsoft Company 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.