Teamwork Financial Advisors LLC Acquires 3,674 Shares of Microsoft Co. (NASDAQ:MSFT)

Teamwork Financial Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,451 shares of the software giant’s stock after purchasing an additional 3,674 shares during the quarter. Microsoft accounts for approximately 4.4% of Teamwork Financial Advisors LLC’s holdings, making the stock its 4th biggest position. Teamwork Financial Advisors LLC’s holdings in Microsoft were worth $32,036,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in MSFT. Vanguard Group Inc. boosted its stake in shares of Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares in the last quarter. Capital International Investors raised its position in shares of Microsoft by 1.0% during the first quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after acquiring an additional 842,884 shares during the last quarter. Ameriprise Financial Inc. lifted its position in Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares during the period. Dimensional Fund Advisors LP boosted its stake in Microsoft by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after acquiring an additional 1,563,533 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Microsoft by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after purchasing an additional 45,220 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $443.57 on Monday. Microsoft Co. has a 1 year low of $364.13 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $3.30 trillion, a price-to-earnings ratio of 36.60, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a 50 day simple moving average of $421.47 and a 200 day simple moving average of $427.00.

Microsoft (NASDAQ:MSFT) last announced 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 company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.99 EPS. Research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 0.75%. Microsoft’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,000 shares of the business’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the sale, the chief marketing officer now owns 51,852 shares of the company’s stock, valued at $22,675,916.64. The trade was a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,578 shares of company stock valued at $24,450,096 in the last ninety days. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of brokerages recently issued reports on MSFT. The Goldman Sachs Group decreased their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. BMO Capital Markets dropped their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. UBS Group cut their price target on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a report on Thursday, October 31st. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Two analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price 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.