Summit Place Financial Advisors LLC Has $7.09 Million Position in Microsoft Co. (NASDAQ:MSFT)

Summit Place Financial Advisors LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.0% during the third quarter, Holdings Channel.com reports. The firm owned 16,471 shares of the software giant’s stock after selling 1,059 shares during the period. Microsoft makes up 4.0% of Summit Place Financial Advisors LLC’s holdings, making the stock its 3rd biggest holding. Summit Place Financial Advisors LLC’s holdings in Microsoft were worth $7,088,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Rebalance LLC boosted its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after purchasing an additional 24 shares during the last quarter. First National Bank Sioux Falls lifted its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after buying an additional 24 shares in the last quarter. Flagship Private Wealth LLC boosted its stake in Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after buying an additional 25 shares during the last quarter. Massachusetts Wealth Management grew its holdings in Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after buying an additional 25 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its stake in shares of Microsoft by 0.8% in the 2nd quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.9 %

NASDAQ MSFT opened at $439.33 on Thursday. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The firm has a 50 day moving average of $427.76 and a two-hundred day moving average of $428.69. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock 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 (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for 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%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm earned $2.99 earnings per share. As a group, research analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Announces Dividend

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

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated 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 sale, the executive vice president now owns 103,366 shares in the company, valued at $43,792,039.56. This trade represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Mizuho upped their price objective on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BMO Capital Markets cut their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein decreased their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $509.90.

Microsoft Company 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.