Inscription Capital LLC Has $19.95 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Inscription Capital LLC lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,353 shares of the software giant’s stock after selling 723 shares during the period. Microsoft makes up about 3.0% of Inscription Capital LLC’s holdings, making the stock its 6th biggest position. Inscription Capital LLC’s holdings in Microsoft were worth $19,946,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Net Worth Advisory Group purchased a new position in shares of Microsoft during the third quarter worth about $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after purchasing an additional 31,401 shares during the last quarter. Jacobs & Co. CA grew its stake in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares in the last quarter. Evernest Financial Advisors LLC increased 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 worth $23,137,000 after buying an additional 42,778 shares during the last quarter. Finally, New Harbor Financial Group LLC raised its position in shares of Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. The Goldman Sachs Group cut their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Truist Financial reiterated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Loop Capital raised their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Stock Performance

Shares of MSFT opened at $439.33 on Thursday. The company has a 50-day simple moving average of $427.76 and a two-hundred day simple moving average of $428.69. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market capitalization of $3.27 trillion, a PE ratio of 36.25, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35.

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

Microsoft declared that its Board of Directors has approved a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

Microsoft Dividend Announcement

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

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.