Madrona Financial Services LLC Has $25.85 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Madrona Financial Services LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, Holdings Channel.com reports. The firm owned 60,075 shares of the software giant’s stock after purchasing an additional 56 shares during the period. Microsoft comprises 7.2% of Madrona Financial Services LLC’s portfolio, making the stock its 5th largest holding. Madrona Financial Services LLC’s holdings in Microsoft were worth $25,850,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Swedbank AB acquired a new position in Microsoft during the 1st quarter worth about $5,587,119,000. Wulff Hansen & CO. raised its stake in shares of Microsoft by 47,196.6% in the second quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares in the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Microsoft by 77.6% during the first quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc acquired a new stake in shares of Microsoft in the first quarter valued at approximately $846,072,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 17,378 shares of the firm’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total value of $7,157,129.30. Following the completion of the transaction, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. This trade represents a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 58,578 shares of company stock worth $24,450,096. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Piper Sandler reaffirmed an “overweight” rating and set a $470.00 price target on shares of Microsoft in a research note on Thursday, October 31st. BMO Capital Markets lowered their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Morgan Stanley upped their target price on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $504.36.

Microsoft Stock Performance

Shares of MSFT opened at $443.57 on Monday. The firm has a market cap of $3.30 trillion, a P/E ratio of 36.60, a PEG ratio of 2.32 and a beta of 0.90. Microsoft Co. has a twelve month low of $364.13 and a twelve month high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The firm’s 50 day moving average price is $421.47 and its two-hundred day moving average price is $427.00.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.99 EPS. On average, analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft declared that its board has authorized a stock buyback 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 reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is currently 27.39%.

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.