Adapt Wealth Advisors LLC Has $486,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Adapt Wealth Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 57.7% during the second quarter, Holdings Channel reports. The firm owned 1,088 shares of the software giant’s stock after buying an additional 398 shares during the period. Adapt Wealth Advisors LLC’s holdings in Microsoft were worth $486,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. First Community Trust NA increased its holdings in shares of Microsoft by 5.8% during the first quarter. First Community Trust NA now owns 20,517 shares of the software giant’s stock worth $8,632,000 after buying an additional 1,121 shares in the last quarter. Gunderson Capital Management Inc. increased its stake in shares of Microsoft by 8.8% in the first quarter. Gunderson Capital Management Inc. now owns 27,087 shares of the software giant’s stock valued at $11,396,000 after buying an additional 2,200 shares in the last quarter. BTC Capital Management Inc. bought a new stake in shares of Microsoft during the first quarter valued at approximately $45,709,000. Private Capital Management LLC lifted its holdings in Microsoft by 0.5% during the 4th quarter. Private Capital Management LLC now owns 7,452 shares of the software giant’s stock worth $2,802,000 after buying an additional 40 shares in the last quarter. Finally, MCIA Inc increased its position in Microsoft by 9.5% in the first quarter. MCIA Inc now owns 3,398 shares of the software giant’s stock worth $1,448,000 after purchasing an additional 294 shares during the period. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. Citigroup lowered their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday. Bank of America boosted their price objective on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. TD Cowen lifted their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research note on Thursday, July 18th. Wedbush reiterated an “underperform” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $495.58.

Insider Activity

In related news, CFO Amy Hood sold 38,000 shares of the stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $402.59, for a total value of $16,103,600.00. Following the completion of the transaction, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $424.60 on Thursday. The firm has a market capitalization of $3.16 trillion, a PE ratio of 36.76, a PEG ratio of 2.22 and a beta of 0.90. The company’s 50-day moving average is $420.33 and its 200-day moving average is $424.56. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a fifty-two week low of $326.94 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft’s quarterly revenue was up 15.2% on a year-over-year basis. During the same period in the prior year, the firm posted $2.69 EPS. Equities analysts forecast that Microsoft Co. will post 13.02 EPS for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 28.74%.

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

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.