Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Hoffman Alan N Investment Management

Hoffman Alan N Investment Management boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 77,217 shares of the software giant’s stock after purchasing an additional 217 shares during the quarter. Microsoft accounts for approximately 16.0% of Hoffman Alan N Investment Management’s holdings, making the stock its 3rd biggest position. Hoffman Alan N Investment Management’s holdings in Microsoft were worth $33,226,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% in the second 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 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 shares of Microsoft in the 2nd quarter valued at $75,000. Bellevue Group AG lifted its holdings in shares of 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 in the last quarter. Finally, Bbjs Financial Advisors LLC increased its position in shares of Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of MSFT opened at $414.17 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.08 trillion, a P/E ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.91. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35. The stock’s 50 day moving average is $422.21 and its two-hundred day moving average is $426.05.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping 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 company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio (DPR) is currently 24.75%.

Microsoft announced that its Board of Directors has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Piper Sandler reissued an “overweight” rating and set a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Citigroup cut their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group decreased their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Morgan Stanley upped their price objective on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Finally, KeyCorp boosted their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 6.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,431 shares of company stock worth $74,956,968 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.