Microsoft Co. (NASDAQ:MSFT) Stock Position Trimmed by Integrity Financial Corp WA

Integrity Financial Corp WA lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.8% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,384 shares of the software giant’s stock after selling 374 shares during the quarter. Microsoft accounts for 2.4% of Integrity Financial Corp WA’s portfolio, making the stock its 8th largest position. Integrity Financial Corp WA’s holdings in Microsoft were worth $4,038,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Waterway Wealth Management LLC grew its stake in Microsoft by 6.2% during the 3rd quarter. Waterway Wealth Management LLC now owns 4,587 shares of the software giant’s stock valued at $1,974,000 after purchasing an additional 267 shares during the last quarter. Raleigh Capital Management Inc. grew its stake in Microsoft by 6.9% during the 3rd quarter. Raleigh Capital Management Inc. now owns 12,457 shares of the software giant’s stock valued at $5,360,000 after purchasing an additional 800 shares during the last quarter. Horst & Graben Wealth Management LLC grew its stake in Microsoft by 1.7% during the 3rd quarter. Horst & Graben Wealth Management LLC now owns 6,123 shares of the software giant’s stock valued at $2,635,000 after purchasing an additional 102 shares during the last quarter. WJ Interests LLC grew its stake in Microsoft by 11.8% during the 3rd quarter. WJ Interests LLC now owns 1,115 shares of the software giant’s stock valued at $480,000 after purchasing an additional 118 shares during the last quarter. Finally, Evernest Financial Advisors LLC lifted its holdings in shares of Microsoft by 389.2% in the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after buying an additional 42,778 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $447.27 on Monday. 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 one year low of $364.13 and a one year high of $468.35. The company’s 50-day simple moving average is $424.16 and its 200-day simple moving average is $427.61. 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.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm 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%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 earnings per share. Equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft announced that its board has initiated a stock repurchase plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is presently 27.39%.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $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 accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. Mizuho upped their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. KeyCorp upped their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, JPMorgan Chase & Co. reduced their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $505.43.

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.