Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 13.0% in the second quarter, Holdings Channel reports. The firm owned 29,214 shares of the software giant’s stock after buying an additional 3,353 shares during the quarter. Microsoft accounts for 1.4% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 10th biggest holding. Texas Capital Bank Wealth Management Services Inc’s holdings in Microsoft were worth $13,057,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its stake in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the period. New Harbor Financial Group LLC lifted its stake in shares of Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after acquiring an additional 450 shares during the period. Nippon Life Global Investors Americas Inc. lifted its stake in shares of Microsoft by 2.0% in the 2nd quarter. Nippon Life Global Investors Americas Inc. now owns 430,730 shares of the software giant’s stock worth $192,515,000 after acquiring an additional 8,290 shares during the period. Quest Investment Management LLC lifted its stake in shares of Microsoft by 3.4% in the 2nd quarter. Quest Investment Management LLC now owns 156,258 shares of the software giant’s stock worth $69,840,000 after acquiring an additional 5,176 shares during the period. Finally, Meeder Asset Management Inc. lifted its stake in shares of Microsoft by 25.7% in the 2nd quarter. Meeder Asset Management Inc. now owns 250,657 shares of the software giant’s stock worth $112,031,000 after acquiring an additional 51,273 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In related news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were 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 directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade 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 197,829 shares of company stock valued at $80,966,837. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $425.20 on Thursday. The company’s 50 day simple moving average is $421.38 and its 200 day simple moving average is $425.44. 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 1 year low of $362.90 and a 1 year high of $468.35. The stock has a market capitalization of $3.16 trillion, a PE ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping 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 business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. The company’s quarterly revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft declared that its board has approved a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio (DPR) is currently 24.75%.

Analyst Ratings Changes

Several analysts have recently commented on the stock. The Goldman Sachs Group reduced their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Bank of America increased their price target on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. Finally, BMO Capital Markets dropped their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $503.03.

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.