Microsoft Co. (NASDAQ:MSFT) is Lindbrook Capital LLC’s 8th Largest Position

Lindbrook Capital LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 61,115 shares of the software giant’s stock after buying an additional 297 shares during the quarter. Microsoft makes up approximately 2.3% of Lindbrook Capital LLC’s portfolio, making the stock its 8th biggest holding. Lindbrook Capital LLC’s holdings in Microsoft were worth $26,298,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Rather & Kittrell Inc. boosted its stake in Microsoft by 3.6% during the third quarter. Rather & Kittrell Inc. now owns 3,369 shares of the software giant’s stock valued at $1,450,000 after buying an additional 118 shares during the period. 5th Street Advisors LLC purchased a new stake in shares of Microsoft in the 3rd quarter valued at about $324,000. Klingman & Associates LLC boosted its position in shares of Microsoft by 8.4% during the 3rd quarter. Klingman & Associates LLC now owns 30,111 shares of the software giant’s stock valued at $12,957,000 after acquiring an additional 2,340 shares during the last quarter. Wealth Quarterback LLC grew its holdings in shares of Microsoft by 5.1% during the third quarter. Wealth Quarterback LLC now owns 9,430 shares of the software giant’s stock worth $4,058,000 after purchasing an additional 459 shares in the last quarter. Finally, Thomas Story & Son LLC increased its position in shares of Microsoft by 13.4% in the third quarter. Thomas Story & Son LLC now owns 1,695 shares of the software giant’s stock worth $729,000 after purchasing an additional 200 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $418.95 on Monday. The firm has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.37 and a beta of 0.90. The stock has a fifty day moving average of $428.83 and a 200 day moving average of $427.23. Microsoft Co. has a 52 week low of $380.38 and a 52 week high of $468.35. 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 (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period last year, the company posted $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Dividend Announcement

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

Microsoft announced that its Board of Directors has approved a share repurchase program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Morgan Stanley increased their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Piper Sandler boosted their target price on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Finally, Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $511.62.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated 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 transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last quarter. 0.03% of the stock is owned by company insiders.

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.