Concord Wealth Partners Acquires 2,833 Shares of Microsoft Co. (NASDAQ:MSFT)

Concord Wealth Partners boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 41,742 shares of the software giant’s stock after acquiring an additional 2,833 shares during the period. Microsoft accounts for 3.0% of Concord Wealth Partners’ portfolio, making the stock its 8th largest position. Concord Wealth Partners’ holdings in Microsoft were worth $17,962,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in MSFT. International Assets Investment Management LLC boosted its position in shares of Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after buying an additional 97,075 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares in the last quarter. Rhumbline Advisers grew its stake in Microsoft by 0.3% in the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the period. Finally, Swedbank AB increased its holdings in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock worth $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. UBS Group upped their price target on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. TD Cowen dropped their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Stifel Nicolaus lifted their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Trading Down 0.3 %

MSFT stock opened at $438.11 on Friday. The stock has a market cap of $3.26 trillion, a price-to-earnings ratio of 36.15, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a fifty day moving average price of $428.65 and a two-hundred day moving average price of $428.86. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 (DPR) is presently 27.39%.

Microsoft declared that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated 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 directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.