Joseph Group Capital Management Has $4.03 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Joseph Group Capital Management raised its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 21.9% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,371 shares of the software giant’s stock after buying an additional 1,685 shares during the period. Microsoft comprises approximately 1.5% of Joseph Group Capital Management’s investment portfolio, making the stock its 16th biggest holding. Joseph Group Capital Management’s holdings in Microsoft were worth $4,032,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. International Assets Investment Management LLC boosted its position in 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 during the period. Ameriprise Financial Inc. boosted its holdings in shares of 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 grew its stake in Microsoft by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after buying an additional 1,563,533 shares during the last quarter. Swiss National Bank raised its holdings in Microsoft by 0.3% in the 3rd quarter. Swiss National Bank now owns 20,957,770 shares of the software giant’s stock valued at $9,018,128,000 after acquiring an additional 57,800 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Microsoft by 1.4% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 18,388,106 shares of the software giant’s stock worth $7,912,402,000 after acquiring an additional 251,408 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on 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 transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Shares of MSFT opened at $444.06 on Friday. The stock has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm’s fifty day simple moving average is $430.47 and its two-hundred day simple moving average is $425.69. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping 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 company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The business’s revenue was up 16.0% on a year-over-year basis. As a group, analysts predict that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on MSFT shares. KeyCorp increased their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. The Goldman Sachs Group dropped their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Wedbush restated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday. Finally, Piper Sandler raised their target price on shares of Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Three equities research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $512.66.

Read Our Latest Stock Report on Microsoft

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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