Microsoft Co. (NASDAQ:MSFT) Position Increased by Precision Wealth Strategies LLC

Precision Wealth Strategies LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 21.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,318 shares of the software giant’s stock after purchasing an additional 943 shares during the period. Microsoft accounts for 2.1% of Precision Wealth Strategies LLC’s portfolio, making the stock its 11th largest position. Precision Wealth Strategies LLC’s holdings in Microsoft were worth $2,288,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its position in Microsoft by 169.2% in 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 during the period. Quarry LP acquired a new stake in Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter valued at approximately $75,000. Bellevue Group AG increased its position in Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the period. Finally, Carolina Wealth Advisors LLC increased its position 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 acquiring an additional 31 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the company. JPMorgan Chase & Co. lowered their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. The Goldman Sachs Group lowered their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research report on Monday, September 23rd. Two 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.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $505.43.

Microsoft Trading Down 0.5 %

NASDAQ MSFT opened at $447.27 on Monday. The stock has a market capitalization of $3.33 trillion, a price-to-earnings ratio of 36.90, a PEG ratio of 2.38 and a beta of 0.90. The stock’s 50 day moving average price is $424.16 and its two-hundred day moving average price is $427.61. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. 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, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.99 EPS. As a group, analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

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 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 is Thursday, February 20th. Microsoft’s payout ratio is presently 27.39%.

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

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by 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.