Radnor Capital Management LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Radnor Capital Management LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the third quarter, Holdings Channel.com reports. The firm acquired 29,937 shares of the software giant’s stock, valued at approximately $12,882,000. Microsoft accounts for approximately 1.9% of Radnor Capital Management LLC’s portfolio, making the stock its 7th largest holding.

Several other institutional investors have also modified their holdings of the company. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP purchased a new stake in Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC acquired a new position in Microsoft in the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new position in Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $422.37 on Wednesday. The stock’s fifty day simple moving average is $428.45 and its 200 day simple moving average is $427.79. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 34.85, a PEG ratio of 2.37 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $369.01 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the business posted $2.99 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.79%. Microsoft’s dividend payout ratio is 27.39%.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MSFT shares. Sanford C. Bernstein lowered their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. KeyCorp lifted their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. JPMorgan Chase & Co. decreased their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Finally, The Goldman Sachs Group cut their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Two analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $511.62.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on 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 owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on 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 completion of 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by corporate 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.