Guardian Wealth Advisors LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.9% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 1,262 shares of the software giant’s stock after selling 25 shares during the period. Guardian Wealth Advisors LLC’s holdings in Microsoft were worth $543,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc lifted its stake in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft during the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the third quarter worth about $62,000. Innealta Capital LLC bought a new stake in Microsoft in the 2nd quarter worth about $75,000. Finally, Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. 71.13% of the stock is owned by institutional investors.
Insider Activity 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 completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % 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, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is owned by corporate insiders.
Analysts Set New Price Targets
Read Our Latest Analysis on Microsoft
Microsoft Stock Performance
NASDAQ:MSFT opened at $444.06 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The stock has a market cap of $3.30 trillion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The firm’s fifty day simple moving average is $431.05 and its 200 day simple moving average is $425.82.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the company earned $2.99 earnings per share. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, research analysts predict that Microsoft Co. will post 12.9 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.
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.
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