Bull Oak Capital LLC Increases Stock Position in Microsoft Co. (NASDAQ:MSFT)

Bull Oak Capital LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 22.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 1,277 shares of the software giant’s stock after acquiring an additional 234 shares during the period. Microsoft comprises 0.3% of Bull Oak Capital LLC’s investment portfolio, making the stock its 16th biggest holding. Bull Oak Capital LLC’s holdings in Microsoft were worth $549,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its stake in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the period. Quarry LP purchased a new stake in Microsoft during the 2nd quarter worth approximately $45,000. Innealta Capital LLC acquired a new stake in Microsoft during the 2nd quarter worth approximately $75,000. Carolina Wealth Advisors LLC boosted 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 buying an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC grew its stake in shares of Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 0.1 %

Shares of Microsoft stock opened at $436.60 on Friday. 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 company has a market capitalization of $3.25 trillion, a P/E ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The company’s fifty day moving average is $427.02 and its two-hundred day moving average is $428.42.

Microsoft (NASDAQ:MSFT) last released its quarterly 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 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 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. Analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSFT. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. 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 research note on Monday, September 23rd. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Friday. Finally, JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $508.46.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated 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 in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last 90 days. 0.03% of the stock is currently 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.