Tarbox Family Office Inc. Purchases 395 Shares of Microsoft Co. (NASDAQ:MSFT)

Tarbox Family Office Inc. lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 4.5% in the 3rd quarter, Holdings Channel.com reports. The firm owned 9,183 shares of the software giant’s stock after buying an additional 395 shares during the quarter. Microsoft makes up about 0.6% of Tarbox Family Office Inc.’s holdings, making the stock its 20th largest holding. Tarbox Family Office Inc.’s holdings in Microsoft were worth $3,951,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of MSFT. International Assets Investment Management LLC lifted its position in shares of Microsoft by 48,526.1% in 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. Wulff Hansen & CO. lifted its holdings in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. boosted its position in Microsoft by 67.5% during the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after purchasing an additional 2,404,348 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Microsoft by 31,648.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after purchasing an additional 1,865,996 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in shares of Microsoft by 128.4% in the second quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock valued at $1,412,656,000 after purchasing an additional 1,776,825 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.1 %

Microsoft stock opened at $436.60 on Monday. The firm has a 50 day moving average price of $427.02 and a two-hundred day moving average price of $428.42. 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 $366.50 and a 52-week high of $468.35. The firm has a market cap of $3.25 trillion, a price-to-earnings ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90.

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

Microsoft announced that its Board of Directors has approved a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors 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 yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft 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 completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 value of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts recently commented on MSFT shares. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a report on Monday, September 23rd. Mizuho lifted their price objective on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. The Goldman Sachs Group reduced their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Finally, Morgan Stanley increased their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $508.46.

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.