Strategy Asset Managers LLC Has $22 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Strategy Asset Managers LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 9.9% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 51,120 shares of the software giant’s stock after selling 5,610 shares during the period. Microsoft makes up about 4.2% of Strategy Asset Managers LLC’s portfolio, making the stock its 2nd biggest position. Strategy Asset Managers LLC’s holdings in Microsoft were worth $21,997,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP bought a new stake in Microsoft in the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft in the 3rd quarter valued at about $62,000. Innealta Capital LLC bought a new position in shares of Microsoft in the 2nd quarter worth $75,000. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction on 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 completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $444.06 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a fifty day moving average of $431.05 and a 200-day moving average of $425.54. The stock has a market capitalization of $3.30 trillion, a price-to-earnings ratio of 36.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Wall Street Analyst Weigh In

Several equities analysts have commented on MSFT shares. KeyCorp lifted their target price on shares of 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. lowered their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Tuesday, November 5th. Finally, Citigroup lowered their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $512.66.

View Our Latest Stock Report on MSFT

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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